Xilinx (XLNX) 8-K Xilinx Announces Fiscal 2009 Results

EXHIBIT 99.1

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

XILINX ANNOUNCES FISCAL 2009 RESULTS

SAN JOSE, CA, APRIL 22, 2009 - -- Xilinx, Inc. (Nasdaq: XLNX) today announced fiscal 2009 sales of $1.83 billion, down 1% compared with $1.84 billion in fiscal 2008. Net income increased 0.4% to $375.6 million, or $1.36 per diluted share, in fiscal 2009 versus net income of $374.0 million, or $1.25 per diluted share, in the prior fiscal year.

Fourth quarter sales were $395.0 million, down 14% sequentially and down 17% from the fourth quarter of the prior fiscal year. Fourth quarter net income was $70.5 million, or $0.26 per diluted share, including a $20.9 million pre-tax gain on the early extinguishment of convertible debentures and a $1.0 million pre-tax impairment charge on investments. Collectively, these income and expense items represented approximately $0.06 per diluted share after tax.

The Xilinx Board of Directors declared a quarterly cash dividend of $0.14 per outstanding share of common stock, payable on June 3, 2009 to all stockholders of record at the close of business on May 13, 2009.

Additional fourth quarter comparisons are represented in the charts below:

GAAP Results
(In millions, except EPS)

				Growth Rates
	Q4 FY 2009	Q3 FY 2009	Q4 FY 2008	Q-T-Q	Y-T-Y
Net revenues	$395.0	$458.4	$475.8	-14%	-17%
Operating income	$78.3	$119.6	$117.0	-35%	-33%
Net income	$70.5	$139.4	$96.5	-49%	-27%
Diluted earnings per share	$0.26	$0.51	$0.34	-49%	-24%

March quarter sales declined 14% sequentially with sales from all geographies and end markets declining as expected. Xilinx operating expenses declined 4% sequentially, which was more than expected as a result of continued expense controls.

“Current economic conditions remain challenging for the semiconductor industry and Xilinx is no exception.” said Moshe Gavrielov, Xilinx President and Chief Executive Officer. “However, strong 65-nm design win activity coupled with increased participation in end markets such as next generation wireless communications and defense have enabled Xilinx to outperform the semiconductor industry throughout the recent economic downturn.”

Net Revenues by Geography:

	Percentages			Growth Rates
	Q4	Q3	Q4
	FY 2009	FY 2009	FY 2008	Q-T-Q	Y-T-Y
North America	35%	34%	38%	-11%	-23%
Asia Pacific	35%	33%	28%	-11%	1%
Europe	22%	22%	23%	-12%	-21%
Japan	8%	11%	11%	-34%	-35%

Net Revenues by End Market:

	Percentages			Growth Rates
	Q4	Q3	Q4
	FY 2009	FY 2009	FY 2008	Q-T-Q	Y-T-Y
Communications	47%	44%	42%	-7%	-6%
Industrial & Other	32%	33%	33%	-18%	-20%
Consumer & Automotive	14%	16%	17%	-27%	-33%
Data Processing	7%	7%	8%	-5%	-29%

Net Revenues by Product*:

	Percentages			Growth Rates
	Q4	Q3	Q4
	FY 2009	FY 2009	FY 2008	Q-T-Q	Y-T-Y
New	52%	48%	38%	-6%	14%
Mainstream	33%	36%	42%	-22%	-35%
Base	10%	11%	14%	-20%	-43%
Support	5%	5%	6%	-10%	-27%

*Products are classified as follows:

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

Highlights – Fiscal 2009

Ø	During the March quarter, Xilinx began shipments of its industry-leading, nextgeneration Virtex-6 and Spartan-6 FPGA families of products. Both product families offer significant competitive advantages in areas such as performance, power,capacity, DSP bandwidth, memory and I/O performance. Currently, over 700 customers representing approximately 1,000 projects are engaged with the Virtex-6and Spartan-6 FPGA Early Access program. Xilinx remains the only PLD company currently shipping a 45-nm, high-volume FPGA product.
Ø	Sales from the Virtex-5 family increased throughout fiscal 2009 in spite of theeconomic downturn. Exiting fiscal 2009, Virtex-5 sales represented 17% of total sales in the fourth quarter, up from 7% in the same quarter of the prior fiscal year.Virtex-5 FPGAs are finding traction in a variety of applications including next generation wireless base stations, cable infrastructure to support “on demand” usage, communications test equipment, and even electronic gaming equipment.
Ø	Xilinx continues to have one of the most stable and resilient business models inthe technology industry in terms of cash flow generation and commitment to shareholder return. In fiscal 2009, Xilinx generated $442.5 million in operatingcash flow, paid $193.2 million in cash to repurchase $310.4 million (principal amount) of our convertible debentures, paid $154.5 million in cash dividendsand repurchased $275.0 million of common stock. Xilinx currently has among the highest dividend yields in the technology industry.

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Key Statistics:
(Dollars in millions)

	Q4	Q3	Q4
	FY 2009	FY 2009	FY 2008
Annual Return on Equity (%)*	22	24	22
Operating Cash Flow	$61	$128	$102
Depreciation Expense	$13	$13	$14
Capital Expenditures	$6	$11	$6
Combined Inventory Days	90	99	92
Revenue Turns (%)	66	54	60

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

Business Outlook – June Quarter Fiscal 2010

Ø	Sales are expected to be up 4% to down 4% sequentially.
Ø	Gross margin is expected to be in the range of 61% to 63%.
Ø	Operating expenses are expected to be approximately $173 million to $175 million including $11 million to $13 million in charges relating to restructuring activity announced on April 15, 2009.
Ø	Interest and other is expected to be a net expense of approximately $3 million.
Ø	Fully diluted share count is expected to be approximately flat with the prior quarter.
Ø	June quarter tax rate is expected to be approximately 21%.

Conference Call

A conference call will be held today at 2:00 p.m. Pacific Time to discuss the quarter’s 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 92495581. The telephonic replay will be available for two weeks following the live call. The Company does not plan to provide a scheduled business update during the June quarter.

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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 words. 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, 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, Inc. (NASDAQ: XLNX) is the worldwide leader of programmable logic solutions. Additional information about Xilinx is available athttp://www.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
(In thousands, except per share amounts)

	Three Months Ended									Year Ended
	Mar. 28,2009			Mar. 29,2008			Dec. 27,2008			Mar. 28,2009			Mar. 29,2008
	(Unaudited)			(Unaudited)			(Unaudited)			(Unaudited)			(1)
Net revenues	$	395,014		$	475,760		$	458,387		$	1,825,184		$	1,841,372
Cost of revenues		149,907			173,974			165,331			669,151			686,988
Gross margin		245,107			301,786			293,056			1,156,033			1,154,384
Operating expenses:
Research and development		88,190			90,888			86,967			355,392			358,063
Selling, general and administrative		77,652			92,469			85,032			343,768			365,325
Amortization of acquisition-related intangibles		1,006			1,426			1,475			5,332			6,802
Restructuring charges		-			-			-			22,023			-
Total operating expenses		166,848			184,783			173,474			726,515			730,190
Operating income		78,259			117,003			119,582			429,518			424,194
Gain on early extinguishment of convertible debentures		20,934			-			89,672			110,606			-
Impairment loss on investments		(967	)		(2,850	)		(19,540	)		(54,129	)		(2,850	)
Interest and other income (expense), net		(1,431	)		5,328			(575	)		12,189			52,750
Income before income taxes		96,795			119,481			189,139			498,184			474,094
Provision for income taxes		26,283			23,002			49,765			122,544			100,047
Net income	$	70,512		$	96,479		$	139,374		$	375,640		$	374,047
Net income per common share:
Basic	$	0.26		$	0.34		$	0.51		$	1.36		$	1.27
Diluted	$	0.26		$	0.34		$	0.51		$	1.36		$	1.25
Cash dividends declared per common share	$	0.14		$	0.12		$	0.14		$	0.56		$	0.48
Shares used in per share calculations:
Basic		274,689			284,523			273,997			276,113			295,050
Diluted		274,881			286,321			274,223			276,854			298,636

(1) Derived from audited financial statements

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

	March 28, 2009		March 29, 2008
	(Unaudited)		(1)
ASSETS
Current assets:
Cash, cash equivalents and short-term investments	$	1,324,933	$	1,296,435
Accounts receivable, net		216,390		249,147
Inventories		119,832		130,250
Deferred tax assets and other current assets		91,313		144,364
Total current assets		1,752,468		1,820,196
Net property, plant and equipment		387,907		404,430
Long-term investments		347,787		564,269
Other assets		337,353		348,212
Total Assets	$	2,825,515	$	3,137,107
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued liabilities	$	170,702	$	228,988
Deferred income on shipments to distributors		62,364		111,678
Total current liabilities		233,066		340,666
Convertible debentures		690,125		999,851
Deferred tax liabilities		82,648		84,486
Other long-term liabilities		81,776		40,281
Stockholders’ equity		1,737,900		1,671,823
Total Liabilities and Stockholders’ Equity	$	2,825,515	$	3,137,107

(1) Derived from audited financial statements

XILINX, INC.
SUPPLEMENTALFINANCIALINFORMATION
(Inthousands)

	Three Months Ended									Year Ended
	Mar. 28, 2009			Mar. 29, 2008			Dec. 27, 2008			Mar. 28, 2009			Mar. 29, 2008
	(Unaudited)			(Unaudited)			(Unaudited)			(Unaudited)			(1)
SELECTED CASH FLOW INFORMATION:
Depreciation	$	13,465		$	13,876		$	13,438		$	55,632		$	54,199
Amortization		3,312			4,219			4,120			15,885			17,756
Stock-based compensation		13,321			17,697			13,041			54,509			66,427
Net cash provided by operating activities		60,854			101,866			128,479			442,530			581,000
Purchases of property, plant and equipment		(6,398	)		(6,238	)		(11,061	)		(39,109	)		(45,593	)
Payment of dividends to stockholders		(38,552	)		(34,093	)		(38,357	)		(154,534	)		(139,974	)
Repurchases of common stock		-			(200,000	)		-			(275,000	)		(550,000	)
Repurchases of convertible debentures		(46,858	)		-			(146,324	)		(193,182	)		-
Proceeds from issuance of common stock
to employees and excess tax benefit		20,259			57,677			2,992			104,638			148,071
STOCK-BASED COMPENSATION INCLUDED IN:
Cost of revenues	$	1,375		$	1,820		$	1,337		$	5,791		$	7,605
Research and development		6,373			8,908			6,055			25,075			31,433
Selling, general and administrative		5,573			6,969			5,649			23,079			27,389
Restructuring charges		-			-			-			564			-

(1)Derived from auditedfinancialstatements