Press release
Skyworks Reports Q4 and Full Year FY20 Results
Delivers Q4 Revenue of $957 Million, up 30% Sequentially and 16% Y-o-Y Posts Q4 GAAP Diluted EPS of $1.46; Non-GAAP Diluted EPS of $1.85 Generates FY20
About this update from Skyworks Solutions, Inc.
[{"type":"text","content":"\n\nDelivers Q4 Revenue of $957 Million, up 30% Sequentially and 16% Y-o-Y\n\n\nPosts Q4 GAAP Diluted EPS of $1.46; Non-GAAP Diluted EPS of $1.85\n\n\nGenerates FY20 Revenue of $3.356 Billion with GAAP Diluted EPS of $4.80; Non-GAAP Diluted EPS of $6.13\n\n\nReturned $955 Million to Shareholders in FY20 via Dividends and Repurchase of 6.3 Million Shares\n\n\nGuides to Double-Digit Sequential Revenue and Earnings Growth in Q1 FY21 \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 fourth fiscal quarter and fiscal year-end results for the period ended Oct. 2, 2020.\n\nRevenue for the fourth fiscal quarter of 2020 was $956.8 million, up 30% sequentially and exceeding consensus estimates. On a GAAP basis, operating income for the fourth fiscal quarter of 2020 was $267.6 million with diluted earnings per share of $1.46. On a non-GAAP basis, operating income was $334.9 million with non-GAAP diluted earnings per share of $1.85.\n\nFor fiscal year 2020, revenue was $3.356 billion, with GAAP diluted earnings per share of $4.80. Non-GAAP diluted earnings per share for fiscal year 2020 were $6.13.\n\n“Skyworks significantly exceeded September quarter expectations in revenue and earnings per share, capping off a fiscal year that both tested and demonstrated the resilience of our business model,” said Liam K. Griffin, president and chief executive officer of Skyworks. “With 5G technology launches now well under way, we are ramping our innovative Sky5® solutions in a rapidly expanding set of end markets, from mobile to IoT, automotive and wireless infrastructure. Increased demand for reliable, ultra-fast wireless connections in our homes, businesses, schools and medical facilities is driving strong momentum throughout our product portfolio, positioning Skyworks for continued growth.”\n\nFourth Fiscal Quarter Business Highlights\n\n\nAccelerated ramp of Sky5® portfolio, supporting 5G launches at Samsung, Oppo, Vivo, Xiaomi and other Tier-1 players\n\n\nEnabled touchless Point of Sale systems at Square\n\n\nDelivered 802.11ax Wi-Fi solutions for access points for Amazon eero™\n\n\nRamped Wi-Fi 6 solutions for advanced routers at NETGEAR and ASUS\n\n\nSupported Facebook’s new Oculus AR/VR devices\n\n\nIntrod...