Field programmable gate arrays (FPGAs) have long been an attractive alternative to microprocessors for computing tasks — as long as floating-point arithmetic is not required. Fueled by the advance of Moore’s Law, FPGAs are rapidly reaching sufficient densities to enhance peak floating-point performance as well. The question, however, is how much of this peak performance can be sustained. This paper examines three of the basic linear algebra subroutine (BLAS) functions: vector dot product, matrix-vector multiply, and matrix multiply. A comparison of microprocessors, FPGAs, and Reconfigurable Computing platforms is performed for each operation. The analysis highlights the amount of memory bandwidth and internal storage needed to sustain peak performance with FPGAs. This analysis considers the historical context of the last six years and is extrapolated for the next six years.