SAN JOSE -- Xilinx Inc. today became the latest chip supplier to bump up its revenue estimates for the current fiscal quarter. The company said it now expects a 10% sequential increase in revenues from $228.8 million in the last fiscal quarter, ended Dec. 31.
Xilinx had previously predicted sequential growth in the low single-digit percentage range. The company said revenues are stronger than anticipated because of higher demand for its Virtex-E and Virtex-II field-programmable gate arrays (FPGAs).
The San Jose company said it now expects to report a gross margin of 56%, compared to a prior estimate of 54-to-56%. The company's inventory days is also expected to decline to less than 100 days from 131 in the prior quarter.
Xilinx reported that market applications in storage and networking for enterprise and third-generation wireless systems were showing strength. All regions except for the Asia Pacific market are expected to show sequential growth in the company's fiscal second quarter, which concludes at the end of March.