Xilinx (XLNX) is guiding for FQ2 revenue to be flat to up 3% Q/Q. That implies a range of...

|By:, SA News Editor

Xilinx (XLNX) is guiding for FQ2 revenue to be flat to up 3% Q/Q. That implies a range of $579M-$596M, above a $561.6M consensus. Shares +3.3% AH in response to the guidance and Xilinx's strong FQ1 beat, which was aided by a 300 bps Q/Q increase in gross margin to 69%. Gross margin is seen holding steady in FQ2. Industrial, Aerospace, & Defense sales +10% Q/Q and +9% Y/Y.. Telecom/data center +8% Q/Q and -2% Y/Y, Broadcast, Consumer, & Automotive +4% Q/Q and -5% Y/Y. Wired telecom and aerospace/defense are named strong points, as were sales of 28nm chips (exceeded $50M). Altera (ALTR) +2.5%. Citi upgraded Xilinx last Friday. (PR)