Xilinx adjusted its sales guidance downward for calendar Q3, blaming lower sales in Asia Pacific.

The company lowered its guidance to a 4 percent to 7 percent sequential decline in sales. That compares to previous guidance of flat to down 5 percent.

“We continue to contend the company will continue to lose market share against Altera this year, and we note that Altera and Lattice both reiterated their revenue guidance midpoint for the quarter,” said Tristan Gerra, an equity analyst with R.W. Baird in a brief report following Xilinx’s guidance announcement.

“We continue to believe Altera's Hard Copy program will prove increasingly challenging for Xilinx by acting as a catalyst for Altera's Stratix design wins,” Gerra added.

By: DocMemory
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