Xilinx FY Q2 EPS In Line; Q3 Rev Guidance Misses; Stock Slips

Xilinx (XLNX) this afternoon posted revenue for its fiscal second quarter ended October 2 of $619.7 million, a bit below the Street consensus at $626.3 million, while profits were in line with the Street at 65 cents a share.

For Q3, the chip company sees revenue flat to down 4% sequentially, which suggest revenue of $594.9 million to $619.7 million; the Street has been projecting $622.6 million. The company sees Q3 gross margin of 65%, give or take a point, versus 65.6% in FY Q2.

XLNX in late trading is down 41 cents, or 1.6%, to $25.60.