Xilinx (XLNX) 8-K Xilinx Announces Q3 Fiscal 2012 Results

Exhibit 99.1

Investor Relations Contact:

Lori Owen

Xilinx, Inc.

(408) 879-6911

ir@xilinx.com

XILINX ANNOUNCES Q3 FISCAL 2012 RESULTS

SAN JOSE, CA, January 18, 2012— Xilinx, Inc. (Nasdaq: XLNX) today announced third quarter fiscal 2012 sales of $511.1 million, down 8 percent sequentially from the prior quarter and down 10 percent from the same quarter of the prior year. Third quarter net income was $127.0 million, or $0.47 per diluted share. Included in the third quarter net income was a tax benefit of $15.3 million, or $0.06 per diluted share, related to one-time items including the lapse of the statute of limitations with respect to certain previously unrecognized tax positions.

The Xilinx Board of Directors announced a quarterly cash dividend of $0.19 per outstanding share of common stock, payable on February 29, 2012 to all stockholders of record at the close of business on February 8, 2012.

Additional third quarter comparisons are represented in the charts below:

GAAP Results

(In millions, except EPS)

		September 30,		September 30,		September 30,		September 30,			September 30,
	Q3		Q2		Q3		Growth Rates
	FY 2012		FY 2012		FY 2011		Q-T-Q			Y-T-Y
Net revenues	$	511.1	$	555.2	$	567.2		-8	%		-10	%
Operating income	$	137.1	$	154.8	$	183.5		-11	%		-25	%
Net income	$	127.0	$	126.3	$	152.3		1	%		-17	%
Diluted earnings per share	$	0.47	$	0.47	$	0.58		0	%		-19	%

Xilinx’s sales declined 8 percent sequentially during the December quarter, impacted by particularly weak business from large communications customers. The Company’s profitability as measured by gross margin and cash flow remained robust. December quarter gross margin was 65.8 percent and operating cash flow for the quarter was $181.0 million. Operating cash flow for calendar year 2011 was $863.2 million, a new Company record. “We experienced strong growth in our Virtex^®-6 and Spartan^®-6 product families and achieved significant milestones in our 28-nm rollout, in spite of challenging industry conditions. During the quarter, we commenced shipments of the PLD industry’s first Stacked Silicon Interconnect (SSI) product as well as the industry’s first embedded systems platform, the Zynq-7000 product family,” said Moshe Gavrielov, Xilinx President and Chief Executive Officer. “Xilinx is not only expanding its addressable market but also paving the way for the entire semiconductor industry with these innovative new offerings.”

Net Revenues by Geography:

		September 30,			September 30,			September 30,			September 30,			September 30,
	Percentages									Growth Rates
	Q3 FY 2012			Q2 FY 2012			Q3 FY 2011			Q-T-Q			Y-T-Y
North America		32	%		29	%		30	%		1	%		-6	%
Asia Pacific		35	%		31	%		38	%		5	%		-17	%
Europe		23	%		29	%		22	%		-27	%		-6	%
Japan		10	%		11	%		10	%		-16	%		-4	%

Net Revenues by End Market:

		September 30,			September 30,			September 30,			September 30,			September 30,
	Percentages									Growth Rates
	Q3 FY 2012			Q2 FY 2012			Q3 FY2011			Q-T-Q			Y-T-Y
Communications		43	%		44	%		45	%		-10	%		-13	%
Industrial & Other		34	%		33	%		34	%		-7	%		-9	%
Consumer & Automotive		15	%		16	%		15	%		-9	%		-8	%
Data Processing		8	%		7	%		6	%		0	%		6	%

Net Revenues by Product:

		September 30,			September 30,			September 30,			September 30,			September 30,
	Percentages									Growth Rates
	Q3 FY 2012			Q2 FY 2012			Q3 FY 2011			Q-T-Q			Y-T-Y
New		51	%		54	%		43	%		-13	%		5	%
Mainstream		24	%		22	%		27	%		-1	%		-20	%
Base		21	%		20	%		25	%		0	%		-22	%
Support		4	%		4	%		5	%		-15	%		-26	%

Products are classified as follows:

New Products: Virtex-7, Kintex™-7, Zynq-7000, Virtex-6, Virtex-5, Spartan-6, Spartan-3A and Spartan-3E product families

Mainstream Products: Virtex-4, Spartan-3, Spartan–IIE, 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)

		September 30,		September 30,		September 30,
	Q3 FY 2012		Q2 FY 2012		Q3 FY 2011
Annual Return on Equity (%)*		22		23		30
Operating Cash Flow	$	181	$	200	$	333
Depreciation Expense	$	14	$	13	$	13
Capital Expenditures	$	19	$	18	$	15
Combined Inventory Days		142		126		130
Revenue Turns (%)		56		51		44

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

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Product Highlights

• Xilinx began shipping the industry’s first extensible processing platform, the Zynq-7000 device. This product family integrates industry-standard ARM dual-core Cortex™-A9 MPCore™ processing system with Xilinx’s scalable 28-nm programmable logic architecture. The Zynq-7000 product family already has nearly 40 design wins in the areas of Automotive, Computing & Data Processing, Defense, Industrial, Scientific and Medical.

• The Company’s first Stacked Silicon Interconnect (SSI) product, Virtex-7 2000T FPGA, commenced shipments in the December quarter. With an unprecedented two million logic cells, this devices is the PLD industry’s ultimate integration vehicle. Demand for these devices is strong with initial customers in the areas of communications, test and measurement and ASIC Emulation.

Business Outlook – March Quarter Fiscal 2012

• Sales are expected to increase 2% to 6% sequentially.

• Gross margin is expected to be approximately 64% to 65%.

• Operating expenses are expected to be approximately $207 million, including approximately $2 million of amortization of acquisition-related intangibles.

• Other income and expense is expected to be an expense of approximately $10 million.

• Fully diluted share count is expected to be approximately 270 million.

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

Conference Call

A conference call will be held today at 2:00 p.m. Pacific Time to discuss the third quarter financial results and management’s outlook for the March 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 (888) 405-4660 and referencing confirmation code 36594823. 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 March 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

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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, Artix, ISE, Kintex, Spartan, Virtex, Zynq and other designated brands included herein are trademarks of Xilinx in the United States and other countries. All other trademarks are the property of their respective owners.

#1208F

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XILINX, INC.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

(In thousands, except per share amounts)

		September 30,			September 30,			September 30,			September 30,			September 30,
	Three Months Ended									Nine Months Ended
	Dec. 31, 2011			Oct. 1, 2011			Jan. 1, 2011			Dec. 31, 2011			Jan. 1, 2011
Net revenues	$	511,091		$	555,209		$	567,190		$	1,681,763		$	1,781,593
Cost of revenues		174,805			200,564			194,419			598,501			615,855
Gross margin		336,286			354,645			372,771			1,083,262			1,165,738
Operating expenses:
Research and development		108,245			105,774			98,453			320,036			289,515
Selling, general and administrative		88,934			88,681			86,531			274,011			257,763
Amortization of acquisition-related intangibles		1,982			1,982			—			5,587			—
Restructuring charges		—			3,369			4,276			3,369			4,276
Total operating expenses		199,161			199,806			189,260			603,003			551,554
Operating income		137,125			154,839			183,511			480,259			614,184
Interest and other expense, net		(7,187	)		(8,598	)		(3,302	)		(23,596	)		(11,916	)
Income before income taxes		129,938			146,241			180,209			456,663			602,268
Provision for income taxes		2,924			19,955			27,868			48,989			120,445
Net income	$	127,014		$	126,286		$	152,341		$	407,674		$	481,823
Net income per common share:
Basic	$	0.49		$	0.48		$	0.59		$	1.54		$	1.82
Diluted	$	0.47		$	0.47		$	0.58		$	1.50		$	1.79
Cash dividends declared per common share	$	0.19		$	0.19		$	0.16		$	0.57		$	0.48
Shares used in per share calculations:
Basic		261,257			264,006			259,418			264,183			265,085
Diluted		267,884			267,927			263,612			271,713			268,778

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XILINX, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands)

	Dec. 31,		Apr. 2,
	2011		2011 *
	(Unaudited)
ASSETS
Current assets:
Cash, cash equivalents and short-term investments	$	1,760,631	$	1,926,413
Accounts receivable, net		211,132		286,464
Inventories		245,476		264,745
Deferred tax assets and other current assets		135,315		145,164
Total current assets		2,352,554		2,622,786
Net property, plant and equipment		390,014		380,570
Long-term investments		1,190,812		766,452
Other assets		411,720		371,042
Total Assets	$	4,345,100	$	4,140,850
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued liabilities	$	319,212	$	268,377
Deferred income on shipments to distributors		63,225		99,763
Total current liabilities		382,437		368,140
Convertible debentures		903,059		890,980
Deferred tax liabilities		449,170		403,990
Other long-term liabilities		49,458		63,123
Stockholders’ equity		2,560,976		2,414,617
Total Liabilities and Stockholders’ Equity	$	4,345,100	$	4,140,850

* Derived from audited financial statements

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XILINX, INC.

SUPPLEMENTAL FINANCIAL INFORMATION

(Unaudited)

(In thousands)

		September 30,		September 30,		September 30,
	Three Months Ended
	Dec. 31,		Oct. 1,		Jan. 1,
	2011		2011		2011
SELECTED CASH FLOW INFORMATION:
Depreciation	$	13,862	$	13,396	$	12,500
Amortization		4,327		4,326		1,873
Stock-based compensation		17,843		16,899		14,754
Net cash provided by operating activities		180,970		199,584		332,527
Purchases of property, plant and equipment		18,984		17,628		14,880
Payment of dividends to stockholders		49,566		50,348		41,489
Repurchases of common stock		42,447		111,537		2,634
Proceeds from issuance of common stock to employees and excess tax benefit		12,017		28,369		24,991
STOCK-BASED COMPENSATION INCLUDED IN:
Cost of revenues	$	1,350	$	1,284	$	1,092
Research and development		8,655		8,103		7,120
Selling, general and administrative		7,838		7,512		6,542

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