GAAP Diluted EPS $1.32, Up 36% Y-o-Y; Non-GAAP Diluted EPS $1.57, Up 27% Y-o-Y
Generates $314.1 Million in Cash Flow from Operations
Guides to Q4 FY17 Revenue and Non-GAAP Diluted EPS Above Consensus
Increases Quarterly Dividend by 14% to $0.32 Per Share
IRVINE, Calif., July 20, 2017 - 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 June 30, 2017. Revenue for the third fiscal quarter was $900.8 million, up 20 percent year-over-year and exceeding consensus estimates.
On a GAAP basis, operating income for the third fiscal quarter of 2017 was $304.8 million with diluted earnings per share of $1.32. On a non-GAAP basis, operating income was $333.1 million with non-GAAP diluted earnings per share of $1.57, up 27 percent year-over-year and $0.05 better than consensus estimates.
“Skyworks exceeded top and bottom line expectations in the third fiscal quarter of 2017,” said Liam K. Griffin, president and chief executive officer of Skyworks. “Our outperformance is being driven by global demand for Skyworks’ highly integrated and ultra-efficient connectivity engines. As system-level complexity and performance requirements intensify across mobile and Internet of Things ecosystems, we are extending our product reach and capturing more content per platform. Further, we are well positioned to capitalize on the rapidly approaching 5G technology wave – enabling new markets from autonomous vehicles to emerging segments in artificial intelligence, robotics and virtual reality.”
The following information was filed by Skyworks Solutions, Inc. (SWKS) on Thursday, July 20, 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: 0000004127-17-000027 Submitted to the SEC: Thu Jul 27 2017 4:10:23 PM EST Accepted by the SEC: Thu Jul 27 2017 Period: Friday, June 30, 2017 Industry: Semiconductors And Related Devices