Xilinx (XLNX) 8-K Xilinx Announces Q2 Fiscal 2012 Results

Exhibit 99.1

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

XILINX ANNOUNCES Q2 FISCAL 2012 RESULTS

SAN JOSE, CA, October 19, 2011— Xilinx, Inc. (Nasdaq: XLNX) today announced second quarter fiscal 2012 sales of $555.2 million, down 10% sequentially from the prior quarter and down 10% from the same quarter of the prior year. Second quarter net income was $126.3 million, or $0.47 per diluted share.

The Xilinx Board of Directors announced a quarterly cash dividend of $0.19 per outstanding share of common stock, payable on November 30, 2011 to all stockholders of record at the close of business on November 9, 2011.

Additional second quarter comparisons are represented in the charts below:

GAAP Results
(In millions, except EPS)

							Growth Rates
	Q2		Q1		Q2
	FY 2012		FY 2012		FY 2011		Q-T-Q			Y-T-Y
Net revenues	$	555.2	$	615.5	$	619.7		-10	%		-10	%
Operating income	$	154.8	$	188.3	$	222.7		-18	%		-30	%
Net income	$	126.3	$	154.4	$	170.9		-18	%		-26	%
Diluted earnings per share	$	0.47	$	0.56	$	0.65		-16	%		-28	%

“Sales growth during the September quarter was impacted by weaker than expected business conditions particularly in the Communications and Industrial and Other categories. In spite of declining sales, operating margin for the quarter was 28% as a result of higher-than-expected gross margin and a commensurate slow down of spending in recognition of the environment,” said Moshe Gavrielov, Xilinx President and Chief Executive Officer. “Additionally, we continued to demonstrate leadership on the 28-nm node by recently taping out our sixth device, achieving to date over 200 design wins, and shipping parts to 50 discrete customers.”

Net Revenues by Geography:

	Percentages									Growth Rates
	Q2			Q1			Q2
	FY 2012			FY 2012			FY 2011			Q-T-Q			Y-T-Y
North America		29	%		30	%		30	%		-11	%		-14	%
Asia Pacific		31	%		35	%		35	%		-21	%		-21	%
Europe		29	%		26	%		26	%		1	%		1	%
Japan		11	%		9	%		9	%		5	%		11	%

Net Revenues by End Market:

	Percentages									Growth Rates
	Q2			Q1			Q2
	FY 2012			FY 2012			FY 2011			Q-T-Q			Y-T-Y
Communications		44	%		45	%		48	%		-12	%		-18	%
Industrial & Other		33	%		34	%		31	%		-10	%		-4	%
Consumer & Automotive		16	%		14	%		15	%		2	%		-5	%
Data Processing		7	%		7	%		6	%		-17	%		0	%

Net Revenues by Product:

	Percentages									Growth Rates
	Q2			Q1			Q2
	FY 2012			FY 2012			FY 2011			Q-T-Q			Y-T-Y
New		54	%		51	%		44	%		-5	%		9	%
Mainstream		22	%		23	%		27	%		-15	%		-28	%
Base		20	%		21	%		25	%		-14	%		-27	%
Support		4	%		5	%		4	%		-14	%		-2	%

Products are classified as follows:

New Products: Virtex^®-7, Kintex™-7, 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)

	Q2		Q1		Q2
	FY 2012		FY 2012		FY 2011
Annual Return on Equity (%)*		23		25		32
Operating Cash Flow	$	200	$	238	$	42
Depreciation Expense	$	13	$	14	$	13
Capital Expenditures	$	18	$	14	$	15
Combined Inventory Days		126		117		89
Revenue Turns (%)		51		57		48

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

2

Product Highlights

Xilinx continued to pioneer programmable systems integration leadership during the quarter achieving a number of key milestones:

• Xilinx taped out the PLD industry’s first embedded systems platform, the Zynq™-7000 device. The Zynq-7000 product family combines an industry-standard ARM^® dual-core Cortex™-A9 MPCore™ processing system with Xilinx 28-nm unified programmable logic architecture. With significant time-to-market leadership versus the competition, design win momentum for this product family is strong and broad-based. Current designs wins include applications in the automotive, defense, test and measurement and industrial, scientific and medical market segments.

• The Company’s first Stacked Silicon Interconnect (SSI) product, Virtex-7 2000T FPGA, generated considerable design win activity during the quarter. This device, scheduled to ship in the December quarter, is the world’s highest-capacity programmable logic device delivering twice the capacity of competitive offerings, 2.8 times the systems bandwidth and 50-70% reduced system level power and cost via single chip FPGA integrations.

• Xilinx has also delivered the third generation of integrated Agile Mixed Signal (AMS) at the 28-nm node. Now available across all product families, the highly flexible integrated AMS block eliminates a wide range of discrete analog functions and delivers a typical cost savings of $2-$7 along with greatly enhanced system level performance, board savings, and reliability. Xilinx is the only company to offer AMS at 28-nm. This innovative capability has been well received by customers across the board ranging from the cost-sensitive, low power markets addressed by Artix™-7 FPGAs, the enhanced reliability and high performance markets addressed by the Kintex-7 and Virtex-7 product families, and the embedded markets addressed by the Zynq-7000 product family.

Business Outlook — December Quarter Fiscal 2012

• Sales are expected to be down 3% to down 8% sequentially.

• Gross margin is expected to be approximately 64%.

• Operating expenses are expected to be approximately $203 million, including approximately $2 million of amortization of acquisition-related intangibles.

• Other income and expense is expected to be an expense of approximately $8 million.

• Fully diluted share count is expected to be approximately 266 million.

• December quarter tax rate is expected to be approximately 14%.

3

Conference Call

A conference call will be held today at 2:00 p.m. Pacific Time to discuss the second quarter financial results and management’s outlook for the December 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 (855) 859-2056 and referencing confirmation code 12324688. 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,” “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 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 December 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-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.
#1163F

4

XILINX, INC.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
(In thousands, except per share amounts)

	Three Months Ended									Six Months Ended
	Oct. 1,			Jul. 2,			Oct. 2,			Oct. 1,			Oct. 2,
	2011			2011			2010			2011			2010
Net revenues	$	555,209		$	615,463		$	619,666		$	1,170,672		$	1,214,403
Cost of revenues		200,564			223,132			213,260			423,696			421,436
Gross margin		354,645			392,331			406,406			746,976			792,967
Operating expenses:
Research and development		105,774			106,017			96,578			211,791			191,062
Selling, general and administrative		88,681			96,396			87,174			185,077			171,232
Amortization of acquisition-related intangibles		1,982			1,623			—			3,605			—
Restructuring charges		3,369			—			—			3,369			—
Total operating expenses		199,806			204,036			183,752			403,842			362,294
Operating income		154,839			188,295			222,654			343,134			430,673
Interest and other expense, net		(8,598	)		(7,811	)		(3,484	)		(16,409	)		(8,614	)
Income before income taxes		146,241			180,484			219,170			326,725			422,059
Provision for income taxes		19,955			26,110			48,275			46,065			92,577
Net income	$	126,286		$	154,374		$	170,895		$	280,660		$	329,482
Net income per common share:
Basic	$	0.48		$	0.58		$	0.66		$	1.06		$	1.23
Diluted	$	0.47		$	0.56		$	0.65		$	1.03		$	1.22
Cash dividends declared per common share	$	0.19		$	0.19		$	0.16		$	0.38		$	0.32
Shares used in per share calculations:
Basic		264,006			265,313			260,151			264,853			267,355
Diluted		267,927			276,077			263,286			273,009			270,484

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

	Oct. 1,		Apr. 2,
	2011		2011 *
	(Unaudited)
ASSETS
Current assets:
Cash, cash equivalents and short-term investments	$	1,807,545	$	1,926,413
Accounts receivable, net		216,416		286,464
Inventories		247,652		264,745
Deferred tax assets and other current assets		142,645		145,164
Total current assets		2,414,258		2,622,786
Net property, plant and equipment		384,893		380,570
Long-term investments		1,048,492		766,452
Other assets		420,156		371,042
Total Assets	$	4,267,799	$	4,140,850
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued liabilities	$	294,945	$	268,377
Deferred income on shipments to distributors		72,504		99,763
Total current liabilities		367,449		368,140
Convertible debentures		899,803		890,980
Deferred tax liabilities		433,491		403,990
Other long-term liabilities		74,642		63,123
Stockholders’ equity		2,492,414		2,414,617
Total Liabilities and Stockholders’ Equity	$	4,267,799	$	4,140,850

* Derived from audited financial statements

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

	Three Months Ended
	Oct. 1,		Jul. 2,		Oct. 2,
	2011		2011		2010
SELECTED CASH FLOW INFORMATION:
Depreciation	$	13,396	$	13,698	$	12,747
Amortization		4,326		3,710		1,943
Stock-based compensation		16,899		13,767		15,421
Net cash provided by operating activities		199,584		237,694		41,616
Purchases of property, plant and equipment		17,628		13,789		15,177
Payment of dividends to stockholders		50,348		50,456		41,645
Repurchases of common stock		111,537		65,654		32,976
Proceeds from issuance of common stock to employees and excess tax benefit		28,369		31,450		41,816
STOCK-BASED COMPENSATION INCLUDED IN:
Cost of revenues	$	1,284	$	1,310	$	1,312
Research and development		8,103		6,487		7,341
Selling, general and administrative		7,512		5,970		6,768