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Exhibit 99.1
Skyworks Media Relations:
|
Skyworks Investor Relations: | |
Pilar Barrigas
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Stephen Ferranti | |
(949) 231-3061
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(781) 376-3056 |
Skyworks Delivers $313.3 Million in Revenue and
$0.43 of Non-GAAP Diluted EPS in Q4 FY10
$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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Skyworks Solutions, Inc. provided additional information to their SEC Filing as exhibits
SEC Filing Exhibit
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Ticker: SWKS
CIK: 4127
Form Type: 10-K Annual Report
Accession Number: 0000950123-10-109435
Submitted to the SEC: Mon Nov 29 2010 5:22:34 PM EST
Accepted by the SEC: Mon Nov 29 2010
Period: Friday, October 1, 2010
Industry: Semiconductors And Related Devices
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