Thursday, programmable logic solutions provider Xilinx, Inc. (XLNX) said that it expects sales for its first quarter of fiscal 2010 to be down from its previous estimate primarily due to supply constraints on certain high-demand devices.
The San Jose, California-based company now expects first quarter sales to be down about 5% sequentially as a result of the supply constraints on certain Virtex-5 devices that are in high demand. Previously, the company expected first quarter sales would be down 4% to up 4% sequentially. In the fourth quarter, the company reported a 17% decline in sales to $395.0 million from the previous year.
On average, 16 analysts polled by Thomson Reuters expect the company to report revenues $397.06 million for the first quarter.
However, Xilinx maintained its gross margin guidance of 61% to 63% and operating expense guidance of flat to slightly down on sequential basis.
The company said it expects most of the existing delinquency issues to be resolved in the second quarter.
XLNX is currently trading at $20.45,down $0.12 or 0.58%, on the Nasdaq.
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