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Xilinx Announces Fiscal 2012 Results
fourth quarter fiscal 2012 sales of
the fourth quarter of the prior fiscal year.
Fourth quarter fiscal 2012 net income was
Fiscal 2012 sales were
Fiscal 2012 net income decreased 16% to
versus fiscal 2011 net income of
Additional fourth quarter comparisons are represented in the charts below:
"Fiscal 2012 was highlighted by robust growth from our 40-nm product families and an aggressive introduction of our 28-nm product families. Design win momentum for these product families continues to be strong, giving me confidence that
Products are classified as follows:
New Products: Virtex®-7, Kintex™-7, Zynq™-7000, Virtex-6, Virtex-5, Spartan®-6, Spartan-3A and Spartan-3E products
Mainstream Products: Virtex-4, Spartan-3, Spartan-II and CoolRunner™-II products
Base Products: Virtex, Virtex-E, Virtex-II, Spartan, XC4000, CoolRunner and XC9500 products
Support Products: Configuration products, HardWire, Software & Support/Services
Product and Financial Highlights – Fiscal 2012
Xilinxrecently unveiled its Vivado™ Design Suite, a new IP and system-centric design environment built from the ground up to accelerate design productivity for the next decade of what Xilinxcalls 'All-Programmable' Devices. These devices go beyond programmable logic and IO to enable programmable systems integration leveraging 3D stacked silicon interconnect technology, ARM based embedded systems, Analog Mixed Signal, advanced high speed serial transceivers, and a growing percentage of IP cores. The Vivado Design Suite is estimated to provide customers with up to a 4X productivity advantage over last generation development environments, and is key to enabling customers to take full advantage of Xilinx's market leading 28-nm offerings.
Xilinxcontinued its aggressive rollout of its 28-nm product portfolio. Xilinxwas the industry's first to release an FPGA at 28-nm with its optimized Kintex-7 product family, the first to introduce a programmable 3D IC product with over 6.8 billion transistors and the first to introduce a device integrating a full ARM-based embedded processing system along with programmable Analog Mixed Signal data converters, effectively expanding the Xilinxportfolio to cover all types of programmable technologies. This now includes hardware and software, digital and analog, single and multiple die programmability.
Xilinxestablished a new benchmark for single chip serial bandwidth with the recent release of the Virtex-7 X690T device with over 2 Tbps aggregate serial bandwidth to address the most demanding next generation wired communications equipment.
Xilinxgenerated record operating cash flow of $827 millionin fiscal 2012 up from $724 millionin the prior fiscal year. During the fiscal year, Xilinxcontinued to demonstrate a strong commitment to returning shareholder value by increasing its quarterly dividend $0.03per share to $0.22per share. Dividends paid to shareholders were a record $200 millionand seven million shares were repurchased for $220 millionduring the fiscal year.
Business Outlook – June Quarter Fiscal 2013
- Sales are expected to be up 1% to up 5% sequentially.
- Gross margin is expected to be approximately 65% - 66%.
Operating expenses are expected to be approximately
$220 million, including $2 millionof amortization of acquisition-related intangibles.
Other income and expense is expected to be an expense of approximately
- Fully diluted share count is expected to be approximately 277 million.
- June quarter tax rate is expected to be approximately 16%.
A conference call will be held today at
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 June quarter for fiscal 2013. 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, our ability to successfully manage production at multiple foundries, variability in wafer pricing, and other risk factors listed in our most recent Forms 10-Q and 10-K.
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