Press release
Skyworks Reports Q1 FY23 Results
Delivers Revenue of $1.329 Billion Posts GAAP Diluted EPS of $1.93 and Non-GAAP Diluted EPS of $2.59 Generates Record Quarterly Operating Cash Flow of $773.4
About this update from Skyworks Solutions, Inc.
[{"type":"text","content":"\n\nDelivers Revenue of $1.329 Billion\n\n\nPosts GAAP Diluted EPS of $1.93 and Non-GAAP Diluted EPS of $2.59\n\n\nGenerates Record Quarterly Operating Cash Flow of $773.4 Million\n\n\nReturns $265.6 Million to Stockholders Through Dividends and Share Repurchases\n\n\n IRVINE, Calif.--(BUSINESS WIRE)--\nSkyworks Solutions, Inc. (Nasdaq: SWKS), an innovator of high-performance analog and mixed signal semiconductors connecting people, places and things, today reported first fiscal quarter results for the period ended Dec. 30, 2022.\n\nRevenue for the first fiscal quarter of 2023 was $1.329 billion. On a GAAP basis, operating income for the first fiscal quarter was $367.0 million with diluted earnings per share of $1.93. On a non-GAAP basis, operating income was $491.3 million with non-GAAP diluted earnings per share of $2.59.\n\n“Skyworks delivered solid first quarter results, leveraging our increasingly diverse portfolio of mobile and IoT solutions,” said Liam K. Griffin, chairman, chief executive officer and president of Skyworks. “Revenue exceeded consensus estimates, and we delivered record quarterly operating cash flow. Moving forward, Skyworks is well positioned to navigate a challenging macro backdrop with its highly profitable business model, leading connectivity technologies and an expanding set of customers across many of the strongest market segments.”\n\nFirst Fiscal Quarter Business Highlights\n\n\nPartnered with AT&T to launch their first Wi-Fi 6 PON gateways\n\n\nShipped into Wi-Fi 7 quad-band mesh router systems with TP-Link\n\n\nLeveraged our advanced connectivity portfolio to support Cambium Networks 6 GHz fixed wireless access points\n\n\nShipped programmable timing platforms to a market-leading data center customer\n\n\nEnabled Power-over-Ethernet functionality in Cisco’s modular switches for enterprise networks\n\n\nDelivered high performance timing solutions for 5G Massive MIMO deployments to a European infrastructure provider\n\n\nCaptured EV on-board charging content with a Japanese automotive supplier\n\n\nSecured key automotive digital radio platforms with a top European OEM\n\n\nSecond Fiscal Quarter 2023 Outlook\n\nWe provide earnings guidance on a non-GAAP basis because certain information necessary to reconcile such guidance to GAAP is difficult to estimate and dependent on future events outside of ou...