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 GAAP Results
    (In millions, except EPS)
                                                                Growth Rates
                       Q4 FY 2008   Q3 FY 2008   Q4 FY 2007    Q-T-Q     Y-T-Y

    Net revenues           $475.8       $474.8       $443.5      0%        7%
    Operating income       $117.0       $115.3        $79.4      1%       47%
    Net income              $96.5       $103.6        $87.6     -7%       10%
    Diluted earnings
     per share              $0.34        $0.35        $0.27     -3%       26%

Sales from New Products, led by strength from the Virtex(R)-5 FPGA family, increased 10% sequentially and represented 38% of total sales, up from 35% in the prior quarter and up from 24% in the same quarter a year ago.

"We remain keenly focused on increasing operating efficiencies and I am pleased with our progress in this area," said Moshe Gavrielov, President and Chief Executive Officer. "Gross margin in the March quarter was 63.4% -- the highest we have reported in nearly four years. Operating margin was 24.6% in the March quarter, up from 17.9% in the same quarter a year ago primarily due to improved gross margin coupled with continued expense controls."

Net Revenues by Geography:
                           Percentages                      Growth Rates
                     Q4        Q3        Q4
                   FY 2008   FY 2008   FY 2007           Q-T-Q       Y-T-Y

    North America    38%       41%       39%              -7%          4%
    Asia Pacific     28%       27%       26%               5%         18%
    Europe           23%       22%       24%               7%          5%
    Japan            11%       10%       11%               3%         -1%



    Net Revenues by End Market:
                                Percentages                  Growth Rates
                          Q4        Q3        Q4
                        FY 2008   FY 2008   FY 2007      Q-T-Q       Y-T-Y

    Communications         42%       41%       44%         2%          2%
    Industrial & Other     33%       33%       30%         0%         17%
    Consumer & Automotive  17%       17%       16%        -2%         10%
    Data Processing         8%        9%       10%        -2%         -6%



    Net Revenues by Product*:
                           Percentages                   Growth Rates
                     Q4        Q3        Q4
                   FY 2008   FY 2008   FY 2007       Q-T-Q       Y-T-Y

    New               38%       35%       24%         10%         67%
    Mainstream        42%       45%       52%         -7%        -15%
    Base              14%       14%       18%         -1%        -12%
    Support            6%        6%        6%          1%         14%

    * Products are classified as follows:

    New Products: Virtex-5, Virtex-4, Spartan(R)-3, and CoolRunner(TM)- II
     products
    Mainstream Products: Virtex-II, Spartan-II, CoolRunner and Virtex-E
     products
    Base Products: Virtex, Spartan, XC4000 and XC9500 products
    Support Products: Configuration solutions, HardWire, Software &
     Support/Services



    Fiscal 2008 Highlights:

    -- Ongoing efforts to improve operating margin and capital structure paid
       off in fiscal 2008.  Operating margin was 23% in fiscal 2008, up from
       19% in the prior fiscal year as a result of gross margin expansion
       coupled with expense reduction efforts.  Annual return on equity was
       22% in fiscal 2008, up from 16% in the prior fiscal year, primarily due
       to improved operating efficiency and capital structure.  During the
       fiscal year, Xilinx repurchased 24 million shares of common stock and
       announced an increase in its dividend to $0.14 per diluted share,
       resulting in a dividend yield of 2.4%, higher than the dividend yield
       of the S&P 500.
    -- Xilinx improved its 65nm sales leadership with strong growth from its
       Virtex-5 FPGA family.  Shipping over a year before competing products,
       sales from the Virtex-5 family increased more than 70% sequentially in
       the March quarter.  Recently, Xilinx introduced Virtex-5 FXT devices
       which deliver in system integration for designs that demand
       high-performance processing and high-speed serial I/Os, enabling
       designers to reduce system costs, board space and component count.
       Xilinx estimates that it currently supplies over 90% of the PLD
       industry's 65nm sales.
    -- Xilinx delivered the ISE(R) Design Suite 10.1, a single unified release
       providing FPGA logic, embedded and DSP designers with immediate access
       to the Company's entire line of design tools with full
       interoperability. The ISE Design Suite offers significantly faster
       implementations with an average of 2X faster run-times and up to
       38% faster performance.
    -- Xilinx realized record sales in the Consumer & Automotive and
       Industrial and Other end markets in fiscal 2008.  These combined
       categories represented 49% of sales in fiscal 2008, up from 45% in the
       prior fiscal year and up from 36% three years ago.  Growth in these end
       markets was primarily driven by strength in defense and automotive
       applications and validates the Company's focused end market
       diversification efforts.



    Key Statistics:
                                     Q4             Q3           Q4
                                   FY 2008        FY 2008      FY 2007

    Annual Return on Equity (%)*     22             21           16
    Operating Cash Flow ($M)        102            208          106
    Depreciation Expense ($M)        14             13           18
    Capital Expenditures ($M)         6             11           63
    Combined Inventory Days          92             91          120
    Revenue Turns (%)                60             59           59

    * Return on equity calculation: Annualized net income/average
      stockholders' equity



    Business Outlook -- June Quarter Fiscal 2009

    -- Revenues are expected to be up 3% to down 1% sequentially.
    -- Gross margin is expected to be approximately 63% to 64%.
    -- Operating expenses are expected to be approximately flat sequentially.
    -- Other income including interest expense is expected to be approximately
       $6 million.
    -- Tax rate is expected to be approximately 21%.
    -- Fully diluted share count is expected to be approximately 280 million
       shares.

This release contains forward-looking statements and projections. Forward-looking statements and projections can often be identified by the use of forward-looking words such as "expect", "may," "will," "could," "believe," "anticipate," "estimate," "continue," "plan," "intend," "project" or other similar words. Undue reliance should not be placed on such forward-looking statements and projections, which speak only as of the date they are made. We undertake no obligation to update such forward-looking statements. Actual events and results may differ materially from those in the forward-looking statements and are subject to risks and uncertainties including the general health of global economies as well as of the semiconductor industry, the health of our end markets and our customers' customers, our ability to forecast end customer demand, customer acceptance of our new products, the ability of our customers to manage their inventories, a high dependence on turns business, more customer volume discounts than expected, greater product mix changes than anticipated, fluctuations in manufacturing yields, our ability to deliver product in a timely manner, our ability to successfully manage production at multiple foundries, variability in wafer pricing, and other risk factors listed in our most recent Forms 10-K and 10-Q.