Xilinx, Inc. (XLNX) recently reported sales of $415.0 million for the second quarter of fiscal 2010. The result was down 14% year over year but up 10% sequentially, exceeding management's guidance range of revenue growth between 2% and 6%.

Sales growth in the September quarter was driven by strength in all end markets and geographic regions. New Product sales increased 36% sequentially during the quarter.

In particular, sales of Virtex-5 (one it's new products) recorded outstanding growth and exceeded 20% of the total sales after ironing out supply issues from the previous quarter. The company expects to resolve all supply issues by the December quarter and inventory should return to normal levels.

Europe and Japan posting the strongest growth of 15% and 26% respectively. Strength in Japan was driven by consumer and communications applications, while growth in Europe was related to a broader base of end markets, including communications, industrial, and

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Xilinx Inc. (XLNX) is expected to report its second quarter results later today. Last month, the company had upgraded its guidance for the quarter. It expects quarterly sales to be up approximately 10% sequentially due to the broad based strength across all end markets and geographical divisions. Xilinx expects to ship most of last quarter’s delinquencies in the September quarter. Management reiterated its gross margin guidance of 61%. Operating expenses are estimated to come around $175 million, including $5 million in restructuring charges. California-based Xilinx designs and manufactures a broad range of high-performance, high-density programmable logic devices (PLDs) for electronic equipment manufacture. Earlier, rival Altera Corp. (ALTR) reported its quarterly results that matched expectations. Sales of $286.6 million were down 20% from a year ago but up 3% sequentially. Management stated that business conditions improved steadily during the quarter and most markets performed better than

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Xilinx, Inc. (XLNX) recently upgraded its guidance for the September quarter. The company now expects sales to be up approximately 10% sequentially, from the previous guidance of sales being up approximately by 2% – 6%. The increase in guidance was primarily due to the broad-based strength across all end markets and geographies. Virtex 5 sales are expected to increase significantly in the September quarter and should surpass 20% of total sales. The company expects to ship the majority of last quarter’s delinquencies in the September quarter. Management reiterated its gross margin guidance of 61%. Operating expenses are estimated to come around $175 million, including $5 million in restructuring charges. California-based Xilinx designs and manufactures a broad range of high-performance, high-density programmable logic devices (PLDs) for electronic equipment manufacture. Earlier, rival Altera Corporation (ALTR) raised its revenue guidance for the third quarter driven by ...