GAAP Diluted EPS $1.50, up 25% Y-o-Y; Non-GAAP Diluted EPS $1.64, up 13% Y-o-Y
Generates $434.2 Million in Cash Flow from Operations
IRVINE, Calif., May 3, 2018 – 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 30, 2018. Revenue for the second fiscal quarter was $913.4 million, up 7 percent year-over-year and exceeding consensus estimates.
On a GAAP basis, operating income for the second fiscal quarter of 2018 was $289.4 million with diluted earnings per share of $1.50, up 25 percent year-over-year. On a non-GAAP basis, operating income was $331.1 million with non-GAAP diluted earnings per share of $1.64, up 13 percent year-over-year and $0.04 better than consensus estimates.
“Skyworks delivered record top and bottom line results for the March quarter driven by global demand for our high performance connectivity engines,” said Liam K. Griffin, president and chief executive officer of Skyworks. “We demonstrated continued strength in our financial fundamentals as improvements in profitability directly translated into cash flow growth. At the same time, our solutions are enabling an expanding and diversified set of end markets spanning the Internet of Things, automotive, home security and factory automation. With the launch of Sky5™, Skyworks is well positioned to capitalize on the transformational applications ahead ─ powering 5G networks and facilitating instantaneous, reliable and secure wireless connectivity.”
The following information was filed by Skyworks Solutions, Inc. (SWKS) on Thursday, May 3, 2018 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: 0000004127-18-000021 Submitted to the SEC: Fri May 04 2018 4:03:52 PM EST Accepted by the SEC: Fri May 04 2018 Period: Friday, March 30, 2018 Industry: Semiconductors And Related Devices