Xilinx (XLNX) 8-K Xilinx Announces Fiscal 2010 Results; Record Q4 Sales of $529 Million

Investor Relations Contact:
Lori Owen
Xilinx, Inc.
(408) 879-6911
ir@xilinx.com Exhibit 99.1

XILINX ANNOUNCES FISCAL 2010 RESULTS;
RECORD Q4 SALES OF $529 MILLION

SAN JOSE, CA, APRIL 28, 2010— Xilinx, Inc. (Nasdaq: XLNX) today announced fiscal 2010 sales of $1.83 billion, essentially flat with sales from the prior fiscal year. Fiscal 2010 net income decreased 1% to $357.5 million, or $1.29 per diluted share, versus fiscal 2009 net income of $361.7 million, or $1.31 per diluted share. Fiscal 2009 net income included a $75.0 million pre-tax gain, or $0.21 per diluted share, on the extinguishment of convertible debt.

Fourth quarter fiscal 2010 sales were $529.0 million, up 3% sequentially and up 34% from the fourth quarter of the prior fiscal year. Fourth quarter fiscal 2010 net income was $148.5 million, or $0.54 per diluted share, including previously announced pre-tax restructuring charges totaling $2.8 million, or $0.01 per diluted share. Included in the fourth quarter net income was a tax benefit of $23.2 million, or $0.08 per diluted share, primarily related to the impact of our recent favorable ruling in the Ninth Circuit Court.

The Xilinx Board of Directors announced a quarterly cash dividend of $0.16 per outstanding share of common stock, payable on June 9, 2010 to all stockholders of record at the close of business on May 19, 2010.

Additional fourth quarter comparisons are represented in the charts below:

GAAP Results
(In millions, except EPS)

	Q4		Q3		Q4		Growth Rates
	FY 2010		FY 2010		FY 2009		Q-T-Q			Y-T-Y
Net revenues	$	529.0	$	513.3	$	395.0		3	%		34	%
Operating income	$	156.1	$	136.6	$	78.3		14	%		99	%
Net income	$	148.5	$	106.9	$	78.0		39	%		90	%
Diluted earnings per share	$	0.54	$	0.38	$	0.28		42	%		93	%

“Record quarterly sales of $529 million coupled with the highest gross and operating margins achieved in nearly six years provide strong testament to the growing acceptance of Xilinx programmable platforms as well as to our continued financial discipline,” said Moshe Gavrielov, Xilinx President and Chief Executive Officer. “Gross and operating margins for the quarter were 64.9% and 29.5%, respectively, up from 62.1% and 19.8% in the same quarter a year ago.” Gavrielov continued, “In the next fiscal year and beyond, I believe Xilinx is uniquely positioned to capitalize on incremental growth opportunities afforded by our 28nm leadership as well as our innovative platform-based architectures.”

Net Revenues by Geography:

	Percentages
	Q4			Q3			Q4			Growth Rates
	FY 2010			FY 2010			FY 2009			Q-T-Q			Y-T-Y
North America		33	%		35	%		35	%		-5	%		24	%
Asia Pacific		35	%		36	%		35	%		1	%		34	%
Europe		24	%		20	%		22	%		25	%		48	%
Japan		8	%		9	%		8	%		-4	%		35	%

Net Revenues by End Market:

	Percentages
	Q4			Q3			Q4			Growth Rates
	FY 2010			FY 2010			FY 2009			Q-T-Q			Y-T-Y
Communications		47	%		46	%		47	%		7	%		34	%
Industrial & Other		30	%		32	%		32	%		-4	%		27	%
Consumer & Automotive		15	%		15	%		14	%		5	%		47	%
Data Processing		8	%		7	%		7	%		7	%		42	%

Net Revenues by Product:

	Percentages
	Q4			Q3			Q4			Growth Rates
	FY 2010			FY 2010			FY 2009			Q-T-Q			Y-T-Y
New		36	%		33	%		23	%		13	%		108	%
Mainstream		31	%		33	%		36	%		-4	%		15	%
Base		28	%		29	%		36	%		0	%		7	%
Support		5	%		5	%		5	%		4	%		21	%

Products are classified as follows:

New Products: Virtex-6, Virtex-5, Spartan-6, Spartan-3A and Spartan-3E product families
Mainstream Products: Virtex-4, Spartan-3, Spartan-II and CoolRunner™-II product families
Base Products: Virtex, Virtex-E, Virtex-II, Spartan, XC4000, CoolRunner and XC9500 product families
Support Products: Configuration products, HardWire, Software & Support/Services

Key Statistics:
(Dollars in millions)

	Q4		Q3		Q4
	FY 2010		FY 2010		FY 2009
Annual Return on Equity (%)*		18		14		18
Operating Cash Flow	$	104	$	185	$	61
Depreciation Expense	$	12	$	13	$	13
Capital Expenditures	$	11	$	9	$	6
Combined Inventory Days		79		85		90
Revenue Turns (%)		56		58		66

*Return on equity calculation: Annualized net income/average stockholders’ equity

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Product and Financial Highlights — Fiscal 2010

• Xilinx’s 65nm Virtex-5 platform became the industry’s most successful FPGA family in history generating more in quarterly sales than any other PLD family. Sales from this family nearly doubled in fiscal 2010 from the prior fiscal year due to broad-based customer acceptance in a variety of end markets including: mobile infrastructure, enterprise switching and routing, cryptography and industrial imaging.

• Xilinx introduced and commenced volume shipments of its next generation Virtex-6 and Spartan-6 FPGA platforms. The 40nm Virtex-6 platform leverages the successful Virtex-5 architecture and delivers higher performance and lower power consumption than competing FPGAs. The Spartan-6 platform marks the first time transceiver capability, high-performance PCIe and memory controller blocks have been integrated into a 45nm low-cost FPGA fabric.

• Xilinx announced targeted design platform development kits for the Virtex-6 and Spartan-6 product families. These kits are designed to increase productivity and innovation for electronic designers in the areas of embedded processing, DSP and high speed serial connectivity and address end markets such as automotive, broadcast, consumer and industrial.

• After announcing collaboration with ARM in October, 2009, Xilinx recently unveiled a revolutionary, extensible, processing platform architecture designed to deliver unrivaled levels of system performance, flexibility and integration. This innovative, platform-based approach is expected to drive expansion into new market spaces leveraging Xilinx 28nm FPGA technology together with ARM’s processor strengths and ecosystem.

• Xilinx generated over $550 million in cash and raised its dividend by $0.02 per diluted share to $0.16 per diluted share in fiscal 2010. This demonstrates not only the resilience of Xilinx’s business model during a challenging economic period, but also the Company’s continued commitment to returning value to shareholders. Xilinx continues to have among the highest dividend yields in the technology industry.

Business Outlook — June Quarter Fiscal 2011

• Sales are expected to be up 5% to 9% sequentially.

• Gross margin is expected to be approximately 65% plus or minus one percentage point.

• Operating expenses are expected to be approximately $182 million.

• Other income and expense is expected to be a net expense of approximately $2 million.

• Fully diluted share count is expected to be approximately 276 million.

• June quarter tax rate is expected to be approximately 21%.

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Conference Call

A conference call will be held today at 2:00 p.m. Pacific Time to discuss the fourth quarter and year-end financial results and management’s outlook for the June quarter. The webcast and subsequent replay will be available in the investor relations section of the Company’s web site at www.investor.xilinx.com. A telephonic replay of the call may be accessed later in the day by calling (800) 642-1687 and referencing confirmation code 67509509. The telephonic replay will be available for two weeks following the live call.

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,” “may,” “will,” “could,” “believe,” “anticipate,” “estimate,” “continue,” “plan,” “intend,” “project” or other similar expressions to identify 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 June quarter for fiscal 2011. 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 the general health of global economies as well as of the semiconductor industry, the health of our end markets and our customers’ customers, the ability of our foundry suppliers to deliver sufficient wafer volumes in a timely manner, our ability to forecast end customer demand, customer acceptance of our new products, the ability of the Company to generate cost and operating expense savings in an efficient and timely fashion, the ability of our customers to manage their inventories, 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, our ability to successfully manage production at multiple foundries, variability in wafer pricing, and other risk factors listed in our most recent Forms 10-K and 10-Q.

About Xilinx

Xilinx is the world’s leading provider of programmable platforms. For more information, visitwww.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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XILINX, INC.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
(In thousands, except per share amounts)

	Three Months Ended									Twelve Months Ended
	Apr. 3,			Mar. 28,			Jan. 2,			Apr. 3,			Mar. 28,
	2010			2009 *			2010			2010			2009 *
Net revenues	$	529,020		$	395,014		$	513,349		$	1,833,554		$	1,825,184
Cost of revenues		185,484			149,907			184,320			671,803			669,151
Gross margin		343,536			245,107			329,029			1,161,751			1,156,033
Operating expenses:
Research and development		94,240			88,190			101,867			369,485			355,392
Selling, general and administrative		90,346			77,652			85,037			327,560			343,768
Amortization of acquisition-related intangibles		—			1,006			—			2,493			5,332
Restructuring charges		2,847			—			5,531			30,064			22,023
Total operating expenses		187,433			166,848			192,435			729,602			726,515
Operating income		156,103			78,259			136,594			432,149			429,518
Impairment loss on investments		(764	)		(967	)		(3,041	)		(3,805	)		(54,129	)
Gain on early extinguishment of convertible debentures		—			16,745			—			—			75,035
Interest and other income (expense), net		6,655			(2,373	)		(542	)		(6,579	)		7,602
Income before income taxes		161,994			91,664			133,011			421,765			458,026
Provision for income taxes		13,462			13,627			26,103			64,281			96,307
Net income	$	148,532		$	78,037		$	106,908		$	357,484		$	361,719
Net income per common share:
Basic	$	0.54		$	0.28		$	0.39		$	1.30		$	1.31
Diluted	$	0.54		$	0.28		$	0.38		$	1.29		$	1.31
Cash dividends declared per common share	$	0.16		$	0.14		$	0.16		$	0.60		$	0.56
Shares used in per share calculations:
Basic		274,686			274,689			276,832			276,012			276,113
Diluted		277,290			274,881			278,566			276,953			276,854

* As adjusted due to the retrospective adoption of the accounting standard for convertible debentures in the first quarter of fiscal 2010.

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XILINX, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)

	April 3,		March 28,
	2010		2009*
	(Unaudited)
ASSETS
Current assets:
Cash, cash equivalents and short-term investments	$	1,386,605	$	1,324,933
Accounts receivable, net		262,735		216,390
Inventories		130,628		119,832
Deferred tax assets and other current assets		127,098		91,313
Total current assets		1,907,066		1,752,468
Net property, plant and equipment		365,878		387,907
Long-term investments		582,202		347,787
Other assets		329,172		323,739
Total Assets	$	3,184,318	$	2,811,901
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued liabilities	$	277,029	$	170,702
Deferred income on shipments to distributors		80,132		62,364
Total current liabilities		357,161		233,066
Convertible debentures		354,798		352,110
Deferred tax liabilities		294,149		196,189
Other long-term liabilities		57,740		81,776
Stockholders’ equity		2,120,470		1,948,760
Total Liabilities and Stockholders’ Equity	$	3,184,318	$	2,811,901

* Derived from audited financial statements and adjusted for the retrospective adoption of the accounting standard for convertible debentures in the first quarter of fiscal 2010.

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XILINX, INC.
SUPPLEMENTAL FINANCIAL INFORMATION
(Unaudited)
(In thousands)

	Three Months Ended									Twelve Months Ended
	Apr. 3,			Mar. 28,			Jan. 2,			Apr. 3,			Mar. 28,
	2010			2009 *			2010			2010			2009 *
SELECTED CASH FLOW INFORMATION:
Depreciation	$	12,248		$	13,465		$	12,867		$	50,180		$	55,632
Amortization		3,105			3,262			3,210			14,882			15,682
Stock-based compensation		15,471			13,321			15,519			56,481			54,509
Net cash provided by operating activities		103,870			60,854			185,478			554,291			442,530
Purchases of property, plant and equipment		(10,612	)		(6,398	)		(8,693	)		(28,152	)		(39,109	)
Payment of dividends to stockholders		(44,031	)		(38,552	)		(44,299	)		(165,648	)		(154,534	)
Repurchases of common stock		(124,997	)		—			(25,000	)		(149,997	)		(275,000	)
Proceeds from issuance of common stock to employees and excess tax benefit		50,389			20,259			13,546			63,556			104,638
STOCK-BASED COMPENSATION INCLUDED IN:
Cost of revenues	$	1,501		$	1,375		$	1,291		$	5,180		$	5,791
Research and development		7,276			6,373			7,289			25,766			25,075
Selling, general and administrative		6,694			5,573			6,939			24,590			23,079
Restructuring charges		—			—			—			945			564

* As adjusted due to the retrospective adoption of the accounting standard for convertible debentures in the first quarter of fiscal 2010

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