Press release
Skyworks Exceeds Q1 FY20 Expectations
Delivers Revenue of $896 Million, Up 8% Sequentially Posts GAAP Diluted EPS of $1.50; Non-GAAP Diluted EPS of $1.68 Generates $398 Million in Cash Flow from
About this update from Skyworks Solutions, Inc.
[{"type":"text","content":"\n\nDelivers Revenue of $896 Million, Up 8% Sequentially\n\n\nPosts GAAP Diluted EPS of $1.50; Non-GAAP Diluted EPS of $1.68\n\n\nGenerates $398 Million in Cash Flow from Operations\n\n\nGuides to Better-than-Seasonal Revenue Trends in Q2 FY20\n\n\n IRVINE, Calif.--(BUSINESS WIRE)--\nSkyworks Solutions, Inc. (Nasdaq: SWKS), an innovator of high performance analog semiconductors connecting people, places and things, today reported first fiscal quarter results for the period ended December 27, 2019.\n\n\nRevenue for the first fiscal quarter of 2020 was $896.1 million, up 8 percent sequentially, exceeding the high end of the revenue guidance range, as well as consensus estimates. On a GAAP basis, operating income for the first fiscal quarter of 2020 was $277.3 million with diluted earnings per share of $1.50. On a non-GAAP basis, operating income was $315.4 million with non-GAAP diluted earnings per share of $1.68, or $0.03 better than guidance and consensus estimates.\n\n\n“Skyworks exceeded December quarter expectations driven by global demand for our high performance connectivity engines,” said Liam K. Griffin, president and chief executive officer of Skyworks. “Leveraging decades of experience, manufacturing scale and vertical integration capabilities, our highly advanced Sky5® platform is fueling market adoption of 5G across a broadening customer set. With an expansive suite of applications − from smartphones to wireless infrastructure, industrial robotics, autonomous vehicles, smart homes and virtual assistants − our solutions provide the critical connection, ensuring peak performance for 5G and IoT usage cases. At the same time, through crisp operational execution and a strong business model, we are translating these results into long-term shareholder value.”\n\n\nFirst Fiscal Quarter Business Highlights\n\n\n\nRamped Sky5® portfolio across Oppo, Vivo and Xiaomi 5G mobile platforms\n\n\nPowered rapidly emerging 5G massive IoT applications with cellular-based solutions certified by KDDI, NTT Docomo, SoftBank and Verizon\n\n\nAdvanced automotive content with SkyOne®, Wi-Fi 6 and V2X portfolio\n\n\nExtended market leadership position in high-speed 802.11ax access points with advanced 2.4 and 5 GHz FEMs\n\n\nIntroduced Bluetooth® Low Energy modules for Proctor & Gamble’s infant monitoring system\n\n\nLeveraged Zigbee®, Thread an...