Xilinx Inc. has reduced its June quarter revenue estimate, citing a shortfall in sales due to inability to meet strong demand for its Virtex-5 devices, according to a statement from the company.
The San Jose, Calif.-based programmable logic manufacturer said revenue in the June period would be down "approximately 5 percent sequentially," compared with its earlier forecast for sales to be "down 4 percent to up 4 percent sequentially."
Analysts were on the average expecting Xilinx to report revenue of approximately $397 million for the three months ended June 30, up slightly from $395 million in the March quarter but 19 percent below the $488.3 million reported in the June 2008 quarter.
Xilinx said it expects to resolve "existing delinquency issues" by the September quarter.
The company's June quarter gross profit margin forecast of between 61 percent and 63 percent remained unchanged. Xilinx said its operating expense guidance "of flat to slightly down sequentially remain unchanged."
