Exhibit 99.1
(SKYWORKS LOGO)
     
 
   
Skyworks Media Relations:
  Skyworks Investor Relations:
Pilar Barrigas
  Stephen Ferranti
(949) 231-3061
  (781) 376-3056
Skyworks Delivers $313.3 Million in Revenue and
$0.43 of Non-GAAP Diluted EPS in Q4 FY10
    Posts 14 Percent Sequential and 37 Percent Year-Over-Year Revenue Growth
 
    Expands Operating Margin to 26.1 Percent on a Non-GAAP Basis
 
    Exits the Quarter with $459 Million in Cash
 
    Guides to $330 to $335 Million in Revenue, a 27-28 Percent Non-GAAP Operating Margin and $0.44 of Non-GAAP Diluted EPS in Q1 FY11
          WOBURN, Mass., Nov. 4, 2010
— 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 2010 results. Revenue for the quarter was $313.3 million, up 14 percent sequentially and 37 percent year-over-year, and greater than the company’s updated guidance of $310 million provided on September 21 at its Analyst Day. For fiscal year 2010, revenue was $1.072 billion versus $802.6 million in fiscal 2009, a 34 percent increase.
          On a non-GAAP basis, operating income for the fourth fiscal quarter was $81.8 million, up from $42.5 million in the prior-year period, reflecting a 92 percent increase. Non-GAAP diluted earnings per share for the fourth fiscal quarter was $0.43, including a $0.02 benefit for lower than forecasted taxes, and compared to $0.24 for the same period a year ago. On a GAAP basis, operating income for the fourth fiscal quarter of 2010 was $65.4 million and diluted earnings per share was $0.25.
          For fiscal 2010, non-GAAP operating income was $246.3 million, up 104 percent from $120.9 million in fiscal 2009, while non-GAAP earnings per share for the year was $1.26 compared to $0.69 in fiscal 2009. On a GAAP basis, operating income for fiscal 2010 was $199.7 million and diluted earnings per share was $0.75.
          “Skyworks is capitalizing on consumers’ insatiable demand for always on connectivity, broadband mobility and access, as well as home automation applications,” said David J. Aldrich, president and chief executive officer of Skyworks. “We believe

 


The following information was filed by Skyworks Solutions, Inc. (SWKS) on Thursday, November 4, 2010 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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