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Skyworks Solutions, Inc. (SWKS) SEC Filing 10-Q Quarterly report for the period ending Friday, March 27, 2020

SEC Filings

SWKS Quarterly Reports

Skyworks Solutions, Inc.

CIK: 4127 Ticker: SWKS



Exhibit 99.1
skyworkslogo295c.gif
Investor Relations:
 
 
Mitch Haws
 
 
(949) 231-3223
 
 

Skyworks Reports Q2 FY20 Results
Delivers Revenue of $766.1 Million
Posts GAAP Diluted EPS of $1.06; Non-GAAP Diluted EPS of $1.34
Generates $280.4 Million in Cash Flow from Operations
Ended Quarter with $1.1 Billion in Cash and Investments and No Debt

IRVINE, Calif., May 4, 2020 –
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 ended March 27, 2020. Revenue for the second fiscal quarter was $766.1 million.
On a GAAP basis, operating income for the second fiscal quarter of 2020 was $199.5 million with diluted earnings per share of $1.06. On a non-GAAP basis, operating income was $248.7 million with non-GAAP diluted earnings per share of $1.34.
“The COVID-19 outbreak is impacting individuals, companies, governments and markets across the globe, and our thoughts are with all those who have endured the effects of this global pandemic,” said Liam K. Griffin, president and chief executive officer of Skyworks.
“By enabling always-on, high-speed connectivity, Skyworks’ wireless technologies are essential for adapting to today’s rapidly changing business conditions and are playing a critical role in virus containment efforts worldwide. Skyworks’ trusted solutions are connecting people throughout the world enabling telemedicine and emergency response applications, as well as supporting shelter-in-place efforts through remote work and online education.
“Looking forward, our sustained investment in systems-level solutions, together with our strong balance sheet and cash-generation abilities, differentiates Skyworks as both a leading technology innovator and consistent provider of cash returns to stockholders.”

Second Fiscal Quarter Business Highlights



The following information was filed by Skyworks Solutions, Inc. (SWKS) on Monday, May 4, 2020 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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Skyworks Solutions, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2020 10-K Annual Report includes:

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Inside Skyworks Solutions, Inc.'s 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statement Of Comprehensive Income
Consolidated Statements Of Cash Flows
Consolidated Statements Of Operations
Statement Of Stockholders Equity Statement
Commitments And Contingencies
Description Of Business And Basis Of Presentation
Description Of Business And Basis Of Presentation (Details)
Description Of Business And Basis Of Presentation (New Accounting Pronouncements) (Details)
Description Of Business And Basis Of Presentation (Policies)
Earnings Per Share
Earnings Per Share (Schedule Of Earnings Per Share) (Details)
Earnings Per Share (Tables)
Fair Value
Fair Value (Fair Value Transfers) (Details)
Fair Value (Schedule Of Financial Instruments Measured At Fair Value On Recurring Basis) (Details)
Fair Value (Tables)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (Schedule Of Expected Annual Amortization Expense Related To Intangible Assets For The Next Five Years) (Details)
Goodwill And Intangible Assets (Schedule Of Intangible Assets Subject To Amortization) (Details)
Goodwill And Intangible Assets (Tables)
Income Taxes
Income Taxes (Details)
Income Taxes (Narrative) (Details)
Income Taxes (Tables)
Inventory
Inventory (Schedule Of Inventories) (Details)
Inventory (Tables)
Leases (Details)
Leases (Notes)
Leases (Tables)
Marketable Securities
Marketable Securities (Details)
Marketable Securities (Tables)
Marketable Securities Contractual Maturity (Details)
Marketable Securities Schedule Of Available-For-Sale Securities (Details)
Property, Plant And Equipment
Property, Plant And Equipment (Schedule Of Property, Plant And Equipment) (Details)
Property, Plant And Equipment (Tables)
Revenue Recognition (Details)
Revenue Recognition (Notes)
Revenue Recognition (Tables)
Revenue Recognition Concentrations (Details)
Stockholder's Equity
Stockholder's Equity (Dividend) (Details)
Stockholder's Equity (Share Based Compensation) (Details)
Stockholder's Equity (Share Repurchase) (Details)
Stockholder's Equity (Tables)
Subsequent Events (Notes)
Ticker: SWKS
CIK: 4127
Form Type: 10-Q Quarterly Report
Accession Number: 0000004127-20-000027
Submitted to the SEC: Mon May 04 2020 5:34:38 PM EST
Accepted by the SEC: Tue May 05 2020
Period: Friday, March 27, 2020
Industry: Semiconductors And Related Devices

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