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The Xilinx Board of Directors declared a quarterly cash dividend of $0.14 per outstanding share of common stock, payable on August 26, 2009 to all stockholders of record at the close of business on August 5, 2009.

    Additional first quarter comparisons are represented in the charts below:



    GAAP Results
    (In millions, except EPS)

                                                              Growth Rates
                              Q1          Q4         Q1
                            FY 2010    FY 2009(1) FY 2009(1)  Q-T-Q    Y-T-Y
                            -------    ---------  ---------   -----    -----
    Net revenues            $376.2      $395.0     $488.2      -5%     -23%
    Operating income         $57.4       $78.3     $107.0     -27%     -46%
    Net income               $38.0       $69.6      $86.3     -45%     -56%
    Diluted earnings per
     share                   $0.14       $0.25      $0.31     -44%     -55%

    (1) As adjusted due to the adoption of FSP APB 14-1 "Accounting for
        Convertible Debt Instruments That May Be Settled in Cash upon
        Conversion (Including Partial Cash Settlement)"

"Sales growth was impacted in the June quarter by supply constraints primarily relating to certain Virtex -5 devices in high demand," said Moshe Gavrielov, Xilinx President and Chief Executive Officer. "We reduced SG&A and R&D expenses by more than 5% sequentially and generated $128 million of operating cash flow. At the same time, we remain committed to our ongoing investment in next generation FPGA development, which we expect to drive future growth opportunities."

During the June quarter, sales from Asia Pacific increased 2% sequentially to represent a record 37% of total sales. This was up from 35% of sales in the prior quarter, and up from 32% of total sales in the same quarter a year ago. Sales from all other geographies declined sequentially during the quarter.

    Net Revenues by Geography:
                               Percentages             Growth Rates
                         Q1         Q4         Q1
                      FY 2010    FY 2009    FY 2009    Q-T-Q    Y-T-Y
                      -------    -------    -------    -----    -----
    North America        35%        35%        35%      -6%    -25%
    Asia Pacific         37%        35%        32%       2%    -10%
    Europe               20%        22%        23%     -13%    -32%
    Japan                 8%         8%        10%      -4%    -36%



    Net Revenues by End Market:
                             Percentages            Growth Rates
                             Q1       Q4      Q1
                           FY 2010  FY 2009  FY 2009 Q-T-Q  Y-T-Y
                           -------  -------  ------- -----  -----
    Communications           49%      47%     42%      -2%  -10%
    Industrial & Other       31%      32%     33%      -6%  -28%
    Consumer &
     Automotive              14%      14%     16%      -5%  -35%
    Data Processing           6%       7%      9%     -19%  -44%



    Net Revenues by Product:

    Note:  The product categories represented below have been modified to make
    categories more meaningful given new product introductions and maturing of
    products.  For comparative purposes, we have provided supplemental
    information on our website at www.investor.xilinx.com that presents
    results based on previous category classifications.

                            Percentages               Growth Rates
                       Q1        Q4         Q1
                     FY 2010   FY 2009    FY 2009    Q-T-Q     Y-T-Y
                     -------   -------    -------    -----     -----
    New               25%        23%        12%        3%        60%
    Mainstream        36%        36%        39%       -6%       -30%
    Base              34%        36%        43%       -8%       -39%
    Support            5%         5%         6%       -6%       -28%

    Products are classified as follows:

    New Products: Virtex-6, Virtex-5, Spartan(R)-6, Spartan-3A and Spartan-3E
      product families
    Mainstream Products: Virtex-4, Spartan-3, Spartan-II and CoolRunner(TM)-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)
                                          Q1            Q4             Q1
                                       FY 2010        FY 2009        FY 2009
                                       -------        -------        -------

    Annual Return on Equity (%)*            8            18            18

    Operating Cash Flow                  $128           $61          $158

    Depreciation Expense                  $13           $13           $15
    Capital Expenditures                   $5            $6           $10

    Combined Inventory Days                78            90            93

    Revenue Turns (%)                      57            66            59

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


    Highlights -First Quarter Fiscal 2010

    --  During the June quarter, Xilinx released the Xilinx Base Targeted
        Design Platform aimed at accelerating the development of
        system-on-chip solutions with Xilinx Virtex-6 and Spartan-6 FPGAs.
        This design platform combines the 11.2 release of the ISE  Design
        Suite, with an expanded intellectual property portfolio and
        pre-verified reference designs enabling design teams to dramatically
        reduce development cycles and focus engineering resources on creating
        greater product differentiation.

    --  Xilinx introduced the Xilinx Virtex-5Q family for the Aerospace and
        Defense (A&D) industry.  Virtex-5Q FPGAs leverage the proven Virtex-5
        family architecture to deliver higher speeds, greater capacity and
        lower dynamic power consumption on average over previous generations.
        Xilinx is the leading programmable logic provider to the A&D market
        with over twice the market share of its nearest competitor serving
        myriad applications including secure communications, avionics,
        military and satellite communications.


    Business Outlook - September Quarter Fiscal 2010
    --  Sales are expected to be up approximately 2% to 6% sequentially.
    --  Gross margin is expected to be approximately 61%.
    --  Operating expenses are expected to be approximately flat including $5
        million in charges relating to restructuring activity announced on
        April 15, 2009.
    --  Interest and other is expected to be a net expense of approximately $3
        million.
    --  Fully diluted share count is expected to be approximately 278 million,
        flat with the prior quarter.

    --  September quarter tax rate is expected to be approximately 16%.

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 16517886. 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 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, the ability of our foundry suppliers to deliver sufficient wafer volumes in a timely manner, 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 Form 10-K.