Xilinx Inc (XLNX) Tops Q2 EPS by 1c; Sees Q3 Sales Up 3% - 7% Sequentially

Xilinx Inc (NASDAQ: XLNX) reported Q2 EPS of $0.48, $0.01 better than the analyst estimate of $0.47. Revenue for the quarter came in at $528 million versus the consensus estimate of $529.58 million.

Business Outlook – December Quarter Fiscal 2016

• Sales are expected to be up 3% to 7% sequentially, including the impact of the extra fiscal week in the quarter.
• Gross margin is expected to be approximately 69%.
• Operating expenses are expected to be approximately $230 million including $2 million of amortization of acquisition-related intangibles. This includes the impact of the extra fiscal week in the quarter.
• Other income and expenses are expected to be a net expense of approximately $7 million.
• Fully diluted share count is expected to be approximately 265 million.
• December quarter tax rate is expected to be approximately 12%.

For earnings history and earnings-related data on Xilinx Inc (XLNX) click here.

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