SAN FRANCISCOXilinx Inc. Wednesday (Sept. 23) raised its sales target for the September quarter, saying it now expects sales of approximately $413.8 million, up 10 percent from the previous quarter.
Xilinx (San Jose, Calif.) had previously said it expected sales for the September quarter to be up 2 to 6 percent sequentially.
The company credited broad-based strength across nearly all end markets and geographies for the increased sales guidance.
Sales of the company's 65-nm Virtex-5 FPGAs are expected to be up significantly in the September quarter, surpassing 20 percent of total sales, Xilinx said.
The majority of device shipments that were delayed in the June quarter because of a supply glitch are expected to have shipped in the September quarter, Xilinx said.
Gross margin guidance of approximately 61 percent and operating expense guidance of approximately $175 million, including $5 million in restructuring charges, remain unchanged, Xilinx said.
Shares of Xilinx rose 4 percent to $23.63 in morning trading Wednesday.