Press release
Skyworks Reports Q2 FY20 Results
Delivers Revenue of $766.1 Million Posts GAAP Diluted EPS of $1.06; Non-GAAP Diluted EPS of $1.34 Generates $280.4 Million in Cash Flow from Operations Ended
About this update from Skyworks Solutions, Inc.
[{"type":"text","content":"\n\nDelivers Revenue of $766.1 Million\n\n\nPosts GAAP Diluted EPS of $1.06; Non-GAAP Diluted EPS of $1.34\n\n\nGenerates $280.4 Million in Cash Flow from Operations\n\n\nEnded Quarter with $1.1 Billion in Cash and Investments and No Debt\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 second fiscal quarter results for the period ended March 27, 2020. Revenue for the second fiscal quarter was $766.1 million.\n\n\nOn a GAAP basis, operating income for the second fiscal quarter of 2020 was $199.5 million with diluted earnings per share of $1.06. On a non-GAAP basis, operating income was $248.7 million with non-GAAP diluted earnings per share of $1.34.\n\n\n“The COVID-19 outbreak is impacting individuals, companies, governments and markets across the globe, and our thoughts are with all those who have endured the effects of this global pandemic,” said Liam K. Griffin, president and chief executive officer of Skyworks.\n\n\n“By enabling always-on, high-speed connectivity, Skyworks’ wireless technologies are essential for adapting to today’s rapidly changing business conditions and are playing a critical role in virus containment efforts worldwide. Skyworks’ trusted solutions are connecting people throughout the world enabling telemedicine and emergency response applications, as well as supporting shelter-in-place efforts through remote work and online education.\n\n\n“Looking forward, our sustained investment in systems-level solutions, together with our strong balance sheet and cash-generation abilities, differentiates Skyworks as both a leading technology innovator and consistent provider of cash returns to stockholders.”\n\n\nSecond Fiscal Quarter Business Highlights\n\n\n\nLeveraged our Sky5® platform across flagship 5G handset launches at Samsung, Oppo, Vivo, Xiaomi and other Tier-1 players\n\n\nExpanded our technology reach across our customized Diversity Receive platforms, with new 5G-centric solutions being deployed across a growing set of customers\n\n\nRamped wireless remote patient monitoring systems with GE\n\n\nExtended our market leadership in Wi-Fi 6 home and enterprise grade gateways at Cisco\n\n\nEnabled home security systems at Honeywell\n\n\nAccelerated content across multip...