UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 20, 2011
XILINX, INC.
(Exact name of registrant as specified in its charter)
| Delaware | 000-18548 | 77-0188631 | ||
| (State or other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
| 2100 Logic Drive, San Jose, California |
95124 | |
| (Address of Principal Executive Offices) | (Zip Code) |
Registrant’s telephone number, including area code: (408) 559-7778
| (Former name or former address if changed since last report.) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01 Regulation FD Disclosure.
On September 20, 2011, Xilinx, Inc. issued a press release announcing a business update for the second quarter of fiscal 2012. A copy of this press release is furnished as Exhibit 99.1 to this report.
Item 9.01 Financial Statements and Exhibits:
(d) Exhibits
| Exhibit No. | Description | |
99.1
|
Press Release of Xilinx, Inc. dated September 20, 2011. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| XILINX, INC. | ||||
Date: September 20, 2011
|
By: | /s/ Jon A. Olson | ||
| Jon A. Olson | ||||
| Senior Vice President, Finance | ||||
| and Chief Financial Officer | ||||
EXHIBIT INDEX
Exhibit Number |
Description |
|
99.1
|
Press Release of Xilinx, Inc. dated September 20, 2011. |
Exhibit 99.1
Investor Relations Contact:
Lori Owen
Xilinx, Inc.
(408) 879-6911
ir@xilinx.com
XILINX UPDATES SEPTEMBER QUARTER SALES GUIDANCE
SAN JOSE, CA, September 20, 2011— Xilinx, Inc. (Nasdaq: XLNX) today provided a revised sales forecast for the September quarter.
| • | Sales are now expected to decline 7% to 10% sequentially. This is a revision from previous guidance that called for sales to be up 1% to down 3% sequentially. |
| • | Weaker than expected sales growth during the quarter is driven primarily by the Communications and Industrial and Other categories. |
| • | Gross margin forecast remains unchanged at 63%. |
| • | Operating expenses are expected to be approximately $208 million, including approximately $2 million of amortization of acquisition-related intangibles and approximately $4 million in restructuring charges. This is lower than original guidance of $218 million due primarily to lower variable expense and timing of development expense, including labor; and lower than anticipated restructuring charges. |
No conference call will be held in conjunction with this business update. Additional commentary pertaining to the quarter will be available when the company reports its second quarter financial results on October 19, 2011.
To receive Xilinx press releases automatically via email, please sign up for a push email alert, which is available from our investor relations website at http://www.investor.xilinx.com.
This release contains forward-looking statements and projections. Forward-looking statements and projections can often be identified by the use of forward-looking words such as “expect,” “believe,” “may,” “will,” “could,” “anticipate,” “estimate,” “continue,” “plan,” “intend,” “project” or other similar expressions. Statements that refer to or are based on projections, uncertain events or assumptions also identify forward-looking statements. Such forward-looking statements that include, but are not limited to, statements related to the semiconductor market, the growth and acceptance of our programmable platforms, expected revenue growth, the demand and growth in the markets we serve, opportunity for expansion into new markets, and our expectations regarding our business outlook for the September quarter for fiscal 2012. Undue reliance should not be placed on such forward-looking statements and projections, which speak only as of the date they are made. We undertake no obligation to update such forward-looking statements. Actual events and results may differ materially from those in the forward-looking statements and are subject to risks and uncertainties including customer acceptance of our new products, current global economic conditions, the health of our customers and the end markets in which they participate, our ability to forecast end customer demand, a high dependence on turns business, more customer volume discounts than expected, greater product mix changes than anticipated, fluctuations in manufacturing yields, our ability to deliver product in a timely manner, variability in wafer pricing, and other risk factors listed in our most recent Forms 10-Q and 10-K.
About Xilinx
Xilinx is the world’s leading provider of programmable platforms. For more information, visit www.xilinx.com.
Xilinx, the Xilinx logo, Virtex, Spartan, ISE, and other brands designated herein are trademarks of Xilinx in the
United States and other countries. All other trademarks are the property of their respective owners.
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