8-K

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

June 25, 2007

Date of Report (Date of earliest event reported)

IXYS CORPORATION

(Exact name of registrant as specified in its charter)

Delaware	000-26124	77-0140882
(State of Incorporation)	(Commission File Number)	(IRS Employer
		Identification Number)

3540 Bassett St.
Santa Clara, CA 95054-2704
(Address of principal executive offices) (Zip Code)

(408) 982-7000

(Registrant’s telephone number, including area code)

N/A

(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))

TABLE OF CONTENTS

EXHIBIT 99.1

EXHIBIT 99.2

ITEM 7.01 Regulation FD Disclosure.

     In a press release issued on June 25, 2007, IXYS Corporation (the “Company”) updated guidance for the quarter ending June 30, 2007. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

     In another press release issued on June 25, 2007, the Company announced that it intends to commence a private placement to qualified institutional buyers of approximately $60 million aggregate principal amount of convertible senior notes pursuant to Rule 144A under the Securities Act of 1933, as amended. A copy of the press release is attached hereto as Exhibit 99.2 and is incorporated herein by reference.

ITEM 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.	Description
99.1	Press release dated June 25, 2007 updating guidance for quarter ending June 30, 2007.
99.2	Press release dated June 25, 2007 announcing private placement of convertible senior notes.

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: June 25, 2007	IXYS CORPORATION
	By:	/s/ Uzi Sasson
	Name:	Uzi Sasson
	Title:	Chief Financial Officer, Chief Operating Officer, Vice President of Finance and Secretary

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INDEX TO EXHIBITS

Exhibit No.	Description
99.1	Press release dated June 25, 2007 updating guidance for quarter ending June 30, 2007.
99.2	Press release dated June 25, 2007 announcing private placement of convertible senior notes.

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EX-99.1

Exhibit 99.1

Contact:	Uzi Sasson
	Chief Financial Officer
	IXYS Corporation
	3540 Bassett Street
	Santa Clara, California 95054
	(408) 982-0700

IXYS Corporation Updates June 2007 Quarter Outlook

SANTA CLARA, Calif., June 25, 2007 (PR NEWSWIRE) — IXYS Corporation (NASDAQ: IXYS) today announced that it has revised its financial guidance for the quarter ending June 30, 2007.

IXYS now expects net revenues for the quarter ending June 30, 2007 to be between $70 and $72 million. Previously, IXYS had guided that net revenues would be approximately flat as compared to those for the quarter ended March 31, 2007. Net revenues for the quarter ended March 31, 2007 were $74 million.

IXYS expects gross margins to be between 27% and 30% for the quarter ending June 30, 2007. IXYS had not previously provided guidance with respect to gross margins. Gross margins for the quarter ended March 31, 2007 were 24.1%.

“It is not our practice to revise our guidance unless we expect a material change from our previous guidance; nor is it our practice to issue guidance on gross margins, “ said Uzi Sasson, Chief Operating Officer and Chief Financial Officer of IXYS. “We do not plan to issue guidance on gross margins in the future.”

Safe Harbor Statement

The foregoing press release contains forward-looking statements, including those related to expectations for net revenues and gross margins for the quarter ended June 30, 2007. Actual results may vary materially from those contained in the forward-looking statements, due to changes in customer delivery schedules, the cancellation of orders, an unanticipated decline in our business or an unexpected increase or leveling of our costs, among other things. Further information on other factors that could affect our operations is detailed and included in our Form 10-K for the year ended March 31, 2007, as filed with the Securities and Exchange Commission. IXYS undertakes no obligation to publicly release the results of any revisions to these forward-looking statements.

EX-99.2

Exhibit 99.2

Contact:	Uzi Sasson
	Chief Financial Officer
	IXYS Corporation
	3540 Bassett Street
	Santa Clara, California 95054
	(408) 982-0700

IXYS Corporation to Offer $60 Million of Convertible Senior Notes

SANTA CLARA, Calif., June 25, 2007 (PR NEWSWIRE) — IXYS Corporation (NASDAQ: IXYS) today announced its intention to offer, subject to market and other conditions, $60 million in aggregate principal amount of Convertible Senior Notes in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The interest rate, conversion price and other terms of the notes will be determined by negotiations between IXYS and the initial purchaser of the notes. IXYS expects to grant to the initial purchasers a 13-day option to purchase up to $15 million aggregate principal amount of additional notes to cover over-allotments.

IXYS expects to use a portion of the net proceeds of the offering to repurchase approximately $20 to $30 million of shares of IXYS common stock concurrently with the offering of the notes,subject to market conditions and other factors. IXYS expects to use the remaining net proceeds for general corporate purposes, which may include acquisitions.

This press release is neither an offer to sell or a solicitation of an offer to buy securities nor shall there be any sale of securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration or qualification thereof under the securities laws of any such state or jurisdiction. Any offers of the securities will be made only by means of a private offering circular. The notes and IXYS common stock issuable upon the conversion of the notes have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on management’s current preliminary expectations and are subject to risks, uncertainties and assumptions, including the risk that IXYS may be unable to complete the offering. Other information on potential risk factors that could affect IXYS, its business and its financial results are detailed in the company’s periodic filings with the Securities and Exchange Commission (SEC), including, but not limited to, those risks and uncertainties listed in the section entitled “Risk Factors,” which can be found in IXYS’s Annual Report on Form 10-K for the fiscal year ended March 31, 2007, filed with the SEC on June 14, 2007.