Generates $235.9 Million in Cash Flow from Operations
Guides to Q3 FY17 Revenue and Non-GAAP Diluted EPS above Consensus
IRVINE, Calif., Apr. 27, 2017 - Skyworks Solutions, Inc. (NASDAQ: SWKS) an innovator of high performance analog semiconductors connecting people, places and things, today reported second fiscal quarter results for the period ending March 31, 2017. Revenue for the second fiscal quarter was $851.7 million, up 10 percent year-over-year and exceeding consensus estimates.
On a GAAP basis, operating income for the second fiscal quarter of 2017 was $281.2 million with diluted earnings per share of $1.20. On a non-GAAP basis, operating income was $312.5 million with non-GAAP diluted earnings per share of $1.45, up 16 percent year-over-year and $0.05 better than consensus estimates.
“Skyworks exceeded financial expectations in the second fiscal quarter of 2017 driven by insatiable demand for high-speed, reliable, always-on connectivity spanning Mobile and Internet of Things ecosystems,” said Liam K. Griffin, president and chief executive officer of Skyworks. “We are capitalizing on these powerful macrotrends, pushing the technology envelope and extending our product reach to enable the world’s most exciting communications platforms. At a higher level, we are well positioned to create shareholder value while executing on our ambitious vision of connecting everyone and everything, all the time.”
The following information was filed by Skyworks Solutions, Inc. (SWKS) on Thursday, April 27, 2017 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-Q Quarterly 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-Q Quarterly Report Accession Number: 0000004127-17-000018 Submitted to the SEC: Wed May 03 2017 4:16:01 PM EST Accepted by the SEC: Wed May 03 2017 Period: Friday, March 31, 2017 Industry: Semiconductors And Related Devices