8-K

UNITED STATESSECURITIES 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:August 3, 2012
(Date of earliest event reported)


IXYS CORPORATION(Exact name of registrant as specified in its charter)

Delaware	000-26124	77-0140882
(State or other jurisdiction of incorporation)	(Commission File No.)	(IRS Employer Identification No.)

1590 Buckeye Drive

Milpitas, California 95035

(Address of principal executive offices and zip code)

Registrant’s telephone number, including area code: (408) 457-9000

Not Applicable
(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:

⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

⃞ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

⃞ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Conditions.

 The following information is furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

On August 3, 2012, IXYS issued a press release.  The text of IXYS’s press release is attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits

(c)  Exhibits

The following exhibit is furnished (not filed) herewith:

Exhibit Number	Description
99.1	Text of press release issued by IXYS Corporation, dated August 3, 2012.

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 thereunto duly authorized.

		IXYS CORPORATION
		By: /s/ Uzi Sasson
		Uzi Sasson, President and Chief
		Financial Officer (Principal Financial
		Officer)
Date:	August 3, 2012

EX-99.1

Exhibit 99.1

IXYS Corporation Announces June 2012 Quarter Results

MILPITAS, Calif. & BIEL, Switzerland--(BUSINESS WIRE)--August 3, 2012--IXYS Corporation (NASDAQ:IXYS), an international power and IC semiconductor company, today reported its results for its first fiscal quarter, which ended June 30, 2012.

Net revenues for the quarter ended June 30, 2012 were $80.9 million, a decrease of $20.9 million from net revenues of $101.8 million in the prior year’s first quarter. Sequentially, net revenues in the quarter ended June 30, 2012 decreased by $6.3 million from net revenues of $87.2 million in the March 31, 2012 quarter.

“We are pleased with the bottom line performance of our company despite the apparent slowdown in the markets we serve. Our performance even in these difficult times affirms our product strategy, as well as our ability to keep our costs under control,” commented Dr. Nathan Zommer, Chairman and CEO. “We have continued our R&D investments in power semiconductors, HVIC, MCUs and RF MMICs, thus positioning IXYS for future growth.”

Net income for the quarter ended June 30, 2012 was $6.0 million, or $0.19 per diluted share, a decrease of $4.0 million, as compared to net income of $10.0 million, or $0.30 per diluted share, in the prior year’s first quarter. Sequentially, net income in the quarter ended June 30, 2012 increased by $2.3 million over net income of $3.7 million in the March 31, 2012 quarter.

Gross profit was $27.2 million, or 33.6% of net revenues, for the quarter ended June 30, 2012, as compared to gross profit of $35.0 million, or 34.4% of net revenues, for the same quarter in the prior fiscal year. Sequentially, gross profit in the quarter ended June 30, 2012 decreased by $2.8 million from gross profit of $30.0 million, or 34.4% of net revenues, in the March 31, 2012 quarter.

The company ended June 2012 with record cash of $103.4 million, which is an increase of $4.3 million over the cash at March 31, 2012. “Our results manifest the strengths of our products and technologies and our ability to remain profitable, even during challenging times,” commented Mr. Uzi Sasson, President and CFO.

“The summer quarter traditionally has been challenging for IXYS and we expect that this summer will also be weak. Therefore, we expect revenues for the September 2012 quarter to be 8% to 12% lower than those of the June 2012 quarter,” Mr. Sasson continued.

About IXYS Corporation

Since its founding in Silicon Valley, IXYS Corporation has been developing technology-driven products to improve energy conversion efficiency, generate clean energy, improve automation, and provide advanced products for the transportation, medical and telecommunications industries. IXYS, with its subsidiaries, is a worldwide pioneer in the development of power semiconductors, solid state relays, high voltage integrated circuits (HVIC), and microcontrollers that are necessary in conserving energy and in reducing the world’s dependence on fossil fuels.

Diminishing natural resources, demand for renewable energy and environmental directives for energy efficiency represent a significant challenge. IXYS’ power semiconductors and mixed-signal integrated circuits (IC) play a vital role in reducing energy costs and consumption by optimizing the energy efficiency of everyday products. With an end customer base of over 2,500 telecommunications, transportation, industrial, medical and consumer companies, IXYS is a worldwide recognized provider of advanced semiconductors.

Additional information may be obtained by visiting IXYS’ website at http://www.ixys.com, or by contacting the company directly.

Safe Harbor Statement

The foregoing press release contains forward-looking statements, including those related to our future growth, profitability, our summer quarter and our revenues in the September 2012 quarter. 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, increased competition, cash flow difficulties, unanticipated technological hurdles, manufacturing challenges and capacity limitations, adverse changes in customer demand, declining economic conditions and increasing product costs, among other things. Further information on other factors that could affect IXYS is detailed and included in reports that IXYS has filed with the Securities and Exchange Commission, including its Form 10-K for the fiscal year ended March 31, 2012. IXYS undertakes no obligation to publicly release the results of any revisions to these forward-looking statements.

IXYS CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
(unaudited)
	June 30,			March 31,
	2012			2012
ASSETS
Current assets:
Cash and cash equivalents	$	103,388		$	99,113
Accounts receivable, net		45,138			48,420
Inventories, net		85,808			86,240
Prepaid expenses and other current assets		4,885			6,934
Deferred income taxes		8,315			8,450
Total current assets		247,534			249,157
Plant and equipment, net		53,149			56,071
Other assets		15,533			13,053
Deferred income taxes		25,539			25,629
Total assets	$	341,755		$	343,910
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Current portion of capitalized lease obligations	$	2,573		$	2,873
Current portion of notes payable to bank		939			1,696
Accounts payable		15,551			14,427
Accrued expenses and other current liabilities		19,559			22,023
Total current liabilities		38,622			41,019
Capitalized lease and other long term obligations, net of current portion		32,252			33,783
Pension liabilities		14,140			15,001
Total liabilities		85,014			89,803
Common stock		379			378
Additional paid-in capital		143,131			141,445
Retained earnings		116,176			110,194
Accumulated other comprehensive income		(2,945	)		2,090
Stockholders' equity		256,741			254,107
Total liabilities and stockholders' equity	$	341,755		$	343,910

IXYS CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
(unaudited)
	Fiscal Quarter Ended
	June 30,
	2012		2011
Net revenues	$	80,857	$	101,778
Cost of goods sold		53,668		66,743
Gross profit		27,189		35,035
Operating expenses:
Research, development and engineering		6,649		6,933
Selling, general and administrative		11,187		11,129
Amortization of intangibles		640		642
Total operating expenses		18,476		18,704
Operating income		8,713		16,331
Other income (expense), net		528		(609	)
Income before income tax provision		9,241		15,722
Provision for income tax		3,234		5,746
Net income	$	6,007	$	9,976
Net income per share - basic	$	0.19	$	0.32
Weighted average shares used in per share calculation - basic		31,351		31,508
Net income per share - diluted	$	0.19	$	0.30
Weighted average shares used in per share calculation - diluted		32,378		32,806

CONTACT:
IXYS Corporation
Uzi Sasson, 408-457-9000
President & CFO