Delivers $477 Million in Revenue, Up 13.3% Y-o-Y and 9.4% Sequentially
Improves Non-GAAP Operating Margin to 27.3% (22.1% GAAP)
Posts $0.64 in Non-GAAP EPS ($0.44 GAAP), $0.02 Better than Guidance
Generates $166 Million in Cash Flow from Operations
Guides Current Quarter to $500 Million in Revenue with 20% Y-o-Y Growth in Non-GAAP Diluted EPS
WOBURN, Mass., Oct. 30, 2013 - Skyworks Solutions, Inc. (NASDAQ: SWKS) an innovator of high performance analog semiconductors enabling a broad range of end markets, today reported fourth fiscal quarter and year-end results for the period ending September 27, 2013. Revenue for the quarter was $477.0 million, up 13.3 percent year-over-year and 9.4 percent sequentially.
On a non-GAAP basis, operating income for the fourth fiscal quarter of 2013 was $130.3 million, up from $103.6 million in the fourth fiscal quarter of 2012, reflecting a 26 percent increase. Non-GAAP diluted earnings per share for the fourth fiscal quarter was $0.64 compared to $0.53 for the prior year fourth fiscal quarter, representing a 21 percent improvement. On a GAAP basis, operating income for the fourth fiscal quarter of 2013 was $105.5 million and diluted earnings per share was $0.44.
For fiscal year 2013, revenue was $1.792 billion, up 14 percent from fiscal 2012, while non-GAAP diluted earnings per share was $2.20, up 16 percent year-over-year. GAAP diluted earnings per share for fiscal 2013 was $1.45.
“Skyworks continues to outperform as we expand our diversified market footprint, gain content with customized analog solutions and capitalize on global demand for the Internet of Things,” said David J. Aldrich, president and chief executive officer of Skyworks. “We are effectively executing our strategy to deliver the growth of connectivity along with analog semiconductor financial returns. Based on our product innovation, proprietary solutions and track record of operational execution, we’ve created a differentiated business model. As a result, we are well positioned for sustainable above-market growth and shareholder value creation.”
The following information was filed by Skyworks Solutions, Inc. (SWKS) on Wednesday, October 30, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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Ticker: SWKS CIK: 4127 Form Type:10-K Annual Report Accession Number: 0000004127-13-000056 Submitted to the SEC: Mon Nov 18 2013 4:49:45 PM EST Accepted by the SEC: Mon Nov 18 2013 Period: Friday, September 27, 2013 Industry: Semiconductors And Related Devices