(SKY WORKS LOGO)
     
Skyworks Media Relations:
  Skyworks Investor Relations:
Pilar Barrigas
  Thomas Schiller
(949) 231-3061
  (949) 231-4700
Skyworks Posts 19 Percent Top Line and 50 Percent
Bottom Line Sequential Growth in Q4 FY09
    Delivers Revenue of $228 Million and Record Non-GAAP EPS of $0.24
 
    Generates $70 Million of Cash Flow from Operations
 
    Retires $17 Million of 2010 Convertible Bonds
 
    Exits with $370 Million of Cash and Equivalents
 
    Guides to 13 to 15 Percent Year-over-Year Revenue Growth, 20 Percent Non-GAAP Operating Margin and $1.00 Annualized Non-GAAP EPS Run-Rate in December Quarter
 
    Growth Driven by Mobile Internet, Energy Management and Diversified Analog Applications
     WOBURN, Mass., November 5, 2009
— Skyworks Solutions, Inc. (NASDAQ: SWKS), an innovator of high reliability analog and mixed signal semiconductors enabling a broad range of end markets, today reported fourth fiscal quarter and year-end 2009 results. Revenue for the quarter was $228.1 million, representing a 19 percent sequential increase when compared to $191.2 million in the third fiscal quarter, and exceeding the Company’s updated guidance range of $220 to $225 million provided on September 9, 2009.
     On a non-GAAP basis, operating income for the fourth fiscal quarter was $42.5 million, up from $28.6 million in the prior quarter while diluted earnings per share for the quarter was up 50 percent sequentially to a record $0.24. GAAP operating income for the fourth fiscal quarter was $33.0 million versus $21.5 million in the third fiscal quarter of 2009. GAAP diluted earnings per share was $0.32 for the period, including a tax allowance release benefit of $0.17, and compared to $0.12 in the prior quarter.
     “Skyworks’ improving financial performance reflects the growing momentum of the mobile internet and increasing demand for always-on connectivity, particularly given the ubiquity of social networking applications and the proliferation of smart phones, notebooks, netbooks and embedded wireless devices,” said David J. Aldrich, president

 


The following information was filed by Skyworks Solutions, Inc. (SWKS) on Thursday, November 5, 2009 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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