- Though Xilinx (XLNX) beat FQ4 estimates, it's guiding for FQ1 revenue to be roughly flat relative to FQ4's $571.1M. That implies sales will miss a $578.7M consensus.
- No explanation is given in the earnings release for Xilinx's outlook. The company's 2015 sales were pressured by soft mobile infrastructure-related FPGA orders. Mobile infrastructure giant Ericsson posted weak results last week, and optical networking hardware firm Infinera is plunging this afternoon after providing a soft Q2 outlook.
- XLNX -3.9% after hours to $45.50.
- Xilinx's FQ4 results, earnings release
- Update: On its earnings call, Xilinx said its industrial and aerospace/defense business is expected to decline in FQ1; the company blamed a product program timing in aerospace/defense. Telecom/data center revenue is expected to grow thanks to "a continued ramp of our customers' wired [infrastructure] designs and a near-term firming in wireless."
Xilinx slumps on soft FQ1 guidance (updated)
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