Delivers Revenue of $810 Million, Up 38% Year-over-Year
Generates Non-GAAP Operating Margin of 36.5% (32% GAAP)
Posts $1.34 of Non-GAAP Diluted EPS ($1.06 GAAP), Up 61% Year-over-Year
Guides to Q4 Revenue of $875 Million, Non-GAAP Gross Margin of 50%, and Non-GAAP Diluted EPS of $1.51
WOBURN, Mass., July 23, 2015 – Skyworks 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 ending July 3, 2015. Revenue for the third fiscal quarter was $810.0 million, up 38 percent year-over-year and exceeding the Company’s guidance of $800 million.
On a non-GAAP basis, operating income for the third fiscal quarter of 2015 was $295.4 million, up 65 percent from $179.1 million in the third fiscal quarter of 2014. Non-GAAP diluted earnings per share for the third fiscal quarter was $1.34, $0.06 better than guidance and up more than 61 percent from the $0.83 reported for the third fiscal quarter of 2014. On a GAAP basis, operating income for the third fiscal quarter of 2015 was $258.8 million and diluted earnings per share was $1.06.
“As the world becomes more interconnected, we are capitalizing on powerful secular growth trends, including the rising adoption of streaming media services, the proliferation of connectivity in emerging markets, and the Internet of Things—all of which are driving growth well in excess of the broader semiconductor market,” said David J. Aldrich, chairman and chief executive officer of Skyworks. “At the same time, our industry-leading systems solutions are facilitating an expansion of our addressable markets, creating more strategic customer relationships, and enhancing the financial returns of our Company. Looking ahead, we see tremendous opportunity to leverage our capabilities across a broadening set of markets and applications.”
The following information was filed by Skyworks Solutions, Inc. (SWKS) on Thursday, July 23, 2015 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: 0000004127-15-000037 Submitted to the SEC: Tue Nov 24 2015 4:12:08 PM EST Accepted by the SEC: Tue Nov 24 2015 Period: Friday, October 2, 2015 Industry: Semiconductors And Related Devices