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24 April 2008


Skyworks exceeds $200m quarterly revenue guidance

For its fiscal second-quarter 2008 (to 28 March), Skyworks Solutions Inc of Woburn, MA, USA, which manufactures linear products, power amplifiers, front-end modules and radio solutions, has reported revenue of $201.7m, ahead of the $200m guidance and much better than market seasonality (up 12% on $180.2m a year ago).

Gross margin rose for a fourth consecutive quarter, from 38.3% to 40.3%. Net income has grown from $12.2m a year ago to $16.7m. During the quarter, Skyworks generated $40m of cash flow from operations.

“Skyworks delivered a solid quarter of profitable growth through increasing diversification and market share gains,” says president and CEO David J. Aldrich. “Our results demonstrate the strength of Skyworks’ business model and progress towards realizing our vision of enabling mobile connectivity in an increasingly diverse set of markets. To that end, we continue to leverage our technical expertise in analog and RF design to solve increasingly complex customer requirements through product innovation and manufacturing scale,” he adds. “This technological and operational differentiation is positioning us to outperform the analog semiconductor industry.”

During the quarter, Skyworks launched low-power RF solutions for industrial, scientific and medical bands; captured key design wins for special mobile radio, RFID, meter reading and industrial control applications; supplied wireless module provider Siemens with radio solutions for machine-to-machine applications (including transportation logistics, traffic systems and vending management); supported Samsung’s award-winning FEMTO cell base-stations with RF systems; ramped multimode Intera front-end modules (FEMs) across all tier-one handset OEMs as well as two leading smartphone suppliers; introduced the industry’s first FEM for 3.9G/long-term evolution (LTE) applications; unveiled new high-efficiency linear power amplifiers for WCDMA handsets; increased shipments of GPRS FEMs for system-on-chip (SoC) architectures; and won LG Electronics’ 2007 Best Supplier Award.

“Based on continued end-market diversification and new product ramps at leading handset customers, we are experiencing healthy demand and accelerating growth,” says VP and chief financial officer Donald W. Palette. For its fiscal third-quarter 2008, Skyworks forecasts revenue of about $210m (up 4% sequentially and 20% year-on-year).

See related item:

Skyworks grows quarterly revenue a higher-than-expected 11%

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