Press release
Skyworks Reports Q3 FY20 Results
Delivers Revenue of $736.8 Million Posts GAAP Diluted EPS of $0.77; Non-GAAP Diluted EPS of $1.25 Guides to Double-Digit Sequential Revenue and Earnings
About this update from Skyworks Solutions, Inc.
[{"type":"text","content":"\n\nDelivers Revenue of $736.8 Million\n\n\nPosts GAAP Diluted EPS of $0.77; Non-GAAP Diluted EPS of $1.25\n\n\nGuides to Double-Digit Sequential Revenue and Earnings Growth in Q4 FY20\n\n\nIncreases Quarterly Dividend by 14 Percent to $0.50 Per Share\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 third fiscal quarter results for the period ended June 26, 2020. Revenue for the third fiscal quarter was $736.8 million, exceeding consensus estimates.\n\n\nOn a GAAP basis, operating income for the third fiscal quarter of 2020 was $147.5 million with diluted earnings per share of $0.77. On a non-GAAP basis, operating income was $230.3 million with non-GAAP diluted earnings per share of $1.25.\n\n\n“Skyworks delivered results well above expectations in the June quarter, as our Sky5® platform gains traction, powering innovation in 5G applications at the leading mobile phone OEMs worldwide, and increasingly across our IoT customers,” said Liam K. Griffin, president and chief executive officer of Skyworks.\n\n\n“At the cusp of a multi-year upgrade cycle, we are capitalizing on early market momentum and accelerating widespread 5G adoption. Our efforts are underpinned by years of investment in next-generation technologies, uniquely positioning Skyworks to deliver long-term profitable growth.”\n\n\nThird Fiscal Quarter Business Highlights\n\n\n\nExpanded Sky5® platform across major handsets OEMs, including wins at Samsung, Oppo, Vivo, Xiaomi, Motorola and other Tier-1 players\n\n\nEnabled Wi-Fi 6 tri-band home gateways at AT&T\n\n\nRamped indoor and outdoor access points at Aruba, Juniper and Linksys\n\n\nPowered highly integrated connectivity in Amazon/Ring security systems\n\n\nLaunched mesh router and voice assistant solutions at Google\n\n\nLeveraged 4x4 MIMO and Wi-Fi engines in premium sound bars at Sonos\n\n\nDelivered new cognitive wireless audio solutions, powering the leading gaming headsets\n\n\nSupported industrial IoT platforms at Gemalto\n\n\nCaptured new design wins leveraging Sky5® at BMW, Ford and other automotive leaders\n\n\nSecured design wins at Tier-1 aerospace and defense OEMs with highly integrated GPS, circulator and advanced filter solutions\n\n\n\nFourth Fiscal Quarter 2020...