Delivers Revenue of $718M, up 51% Y-o-Y and 22% Sequentially
Expands Non-GAAP Operating Margin to 32.8% (27.6% GAAP)
Posts $1.12 of Non-GAAP diluted EPS ($0.90 GAAP)
Increases Dividend Payment by 18% to $0.13 Per Share
Guides to $770M in Revenue, $1.18 of Non-GAAP Diluted EPS in Q1 FY15
WOBURN, Mass., Nov. 6, 2014 - 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 October 3, 2014. Revenue for the fourth fiscal quarter was $718.2 million, up 51 percent year-over-year and 22 percent sequentially, consistent with the updated outlook provided on October 14, 2014 and exceeding the Company’s original guidance midpoint of $680 million.
On a non-GAAP basis, operating income for the fourth fiscal quarter of 2014 was $235.7 million, up 81 percent from $130.3 million in the fourth fiscal quarter of 2013. Non-GAAP diluted earnings per share for the fourth fiscal quarter of 2014 was $1.12, including a $0.03 fiscal year-end tax benefit, compared to $0.64 for the prior year fourth fiscal quarter. On a GAAP basis, operating income for the fourth fiscal quarter of 2014 was $198.1 million and diluted earnings per share was $0.90.
For fiscal year 2014, revenue was $2.3 billion, up 28 percent from fiscal 2013, while non-GAAP diluted earnings per share was $3.24, up 47 percent year-over-year. GAAP diluted earnings per share for fiscal 2014 was $2.38.
“Skyworks is aggressively executing on our strategy to deliver sustainable, above market growth with diversified analog semiconductor returns,” said David J. Aldrich, chairman and chief executive officer of Skyworks. “Our advanced solutions are at the heart of mobile connectivity and the Internet of Things, and are empowering exciting new applications spanning mobile payments, to streaming music services, to on-demand media. Given our accelerating design win momentum and deep product pipeline, we have never been better positioned to grow demonstrably faster than our addressable markets and in turn, to deliver best-in-class financial returns.”
The following information was filed by Skyworks Solutions, Inc. (SWKS) on Thursday, November 6, 2014 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: 0000004127-14-000046 Submitted to the SEC: Tue Nov 25 2014 4:07:44 PM EST Accepted by the SEC: Tue Nov 25 2014 Period: Friday, October 3, 2014 Industry: Semiconductors And Related Devices