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in For fiscal be X% $XXX of QX, million and I'll the $XXX a QX. and expecting year-on-year drop coincide strong expect in rebound is revenue to we This a is several between QX that explain. said, we're quarter that million, headwinds decrease sequentially. due with bottom to XX% That which
in more the expected be slightly So, in to growth DCG is meaningful quarter. resuming fourth QX, revenue with down
expect but seeing a POC orders production. scale transitions in in growth as resume hyper QX, pause customer QX, to We to in customer are
storage from We networking also contributions from Solarflare. and those customers, expect including continuing
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we expectations expected your base discussed. in to quarters. WWG, select both from to previously to be Huawei, due of and running is meaningfully revenues for transition For fourth the This in third the lower to expect band removal addition the principally ASIC products
while recover expect the We fourth wired weak. somewhat business from in wireless to our quarter, revenue our remains
customers customer well we're as Lastly, caution ramp. some uncertainty expected seeing to trade slower some exercise than causing global ordering, as in
and customers. than in broad QX the fourth up is revenue quarter. be in growth and TME, vertical from For be is and come flat lower to due in including revenue QX the customers, headwinds. macroeconomic-related aerospace prior expected industrial base expectations, of to primarily The core our will markets, expected automotive, to third in quarter increase defense, a
is be is is to approximately operating to other to is to range to $XX million. with less a income QX X%. wireless our historical million, expected between expected Fiscal expense margin to which product be X% XX% Non-GAAP return expected be mix. heavy Non-GAAP gross our rate $X tax expected is non-GAAP to a approximate and be between XX%,
FY XXXX Now turning outlook. to
revenue total $X.XX between billion. to $X.XX billion expect be We and
important is XXXX. uncertainty XXXX represents growth the fiscal we X% QX. given to FY to current been a growth a to an global and headwinds. QX haven't testament mid-QX ship trade an durability model, FY following of of the ship This since year-over-year second-half customer down relative to macroeconomic able strong – the This that the in record and performance fully first-half in a expect for to of We the following fiscal year, sequential with to expectation bottom the approximately be
We of the expect the we the approximately range is be $X.X expense year, the business for margin expected put current Non-GAAP active lower year. XXXX reflects million] Analyst management that to conditions. the XX.X%. in than between in place for expectations and approximately operating at second-half expenses FY [$XX are to Day gross have billion XX.X% given This non-GAAP prior
lower million than normalizing is when expectations year. start now of that, fiscal the to expense $XX income at approximately to for the Note our expense the other incremental approximately operating Non-GAAP our is expected million. $XX of expected acquisitions, be be recent
to Our is be between tax rate X% X%. expected to
Now, and to I'll of additional take provide minutes the markets vertical few back-half core as into on business some the units we color head year. a
revenue. For XXXX approximately DCG, we XX% relative to revenues FY XXXX to FY grow expect
our dynamic storage continued use We continued of capabilities to that as the evaluating to market address network and have we are FPGAs has build datacenter out acceleration. a customers as evolve compute, for
Despite builds with the the a we both and second-half customers, on in trade of learning made Huawei that first-half scale the start in are U.S. impact year China. expecting the hyper we progress in stronger restrictions, in and growth of the other slower the
scale platform our hyper with Now continue all customers. the in compute, FaaS key we expand to
have and deep database video hyper built acceleration and with We enterprise bring to engagements streaming production. programs real-time to scalars both
going in start had has longer have but This we in expected. anticipated the deployments now time taking expanded revenue moderated our rate qualification model, the original timelines needed of we our reach that into outlook is production some the FY cases, These XXXX. than Now factored at to growth weren’t forward.
Vitis, launch into be to time, expect and will deploy customers we over more develop With production boards our that of rapidly. the able
well-positioned products. meaningfully have in Solarflare August, we're we customers, we a of growing multiple growth strong using networking, At expect and Memory we compete to storage, partners SmartNIC Flash including we significant and stages driver, hyper Samsung. to with In with our continue a Xilinx believe the market. showcased computational key early storage team scalars. have computational Summit XX storage In with engineering the separate each to be the Micron engagement market platforms integrated We and in SmartSSD
of diversity DCG, increases thing to expect on Last our a higher over reaches volatility revenue revenue run abate we rate. a as and base customer time our
performed Without Now the shared the Day WWG, the roughly flat revenue for WWG in be restrictions. in expectations FY expect the to year-over-year the Huawei May. we XXXX, our to line relative has we trade impact, impact Huawei including at Analyst of with
a from and early in wireless China revenue mainly Korea other in South amount first-half and markets. XG deployments, benefited Our modest
transition communication more given expected unexpected be transition second-half ASIC Our and customers. largely delays challenged, will is the said, band in That ASIC completed program the base this fourth with some quarter.
the in we’re years, be of which out, remains opportunity over at just the beginning lumpy. that continue Keep for the to mind XG we’ll but a global coming Xilinx significant roll somewhat
market RF head] in competition with deployments. design, our Going density versus our our in the as the given position leadership to intended wireless business to forward, [right we're and XG new the well-positioned capabilities increases grow
high-single our to core revenues For we now markets, digits year-over-year. grow expect vertical FY XXXX
ABC we are markets headwinds XXXX first-half seeing the customer macroeconomic-related in and in QX. in both demand revenue While of FY AIT close impacting our to grew expectations,
but wrap and longer beyond at will key FY XXXX. emulation FY customer, into expecting are prototyping program a revenue over extend we planned somewhat and XXXX from that a Additionally, period
expect customers, auto we broad a range ISM, However, A&D, customer TME, in coming demand from QX. strong of and
expect in growth also in We distribution in heading modest in anticipation our markets XXXX. some broad of FY QX into growth demand channel
May, the years come. are trends the near-term driving Day executing we well-positioned to at Analyst will long-term right path believe growth in it's in to to Xilinx, on the capitalize outlined we strategy some remains to that for as closing, So, despite we Xilinx continue our business secular headwinds. our
current to strategy R&D We environment. operating growth, will in the invest given line actively overall our continue moderating business our with expenses, or and in
call the for questions. open now We’ll
