1 March 2010


Skyworks raises March-quarter revenue guidance from $225m to $230–235m

Skyworks Solutions Inc of Woburn, MA, USA, which manufactures linear products, power amplifiers, front-end modules and radio solutions for handset and infrastructure equipment, has raised its revenue guidance for fiscal second-quarter 2010 (to end March) from $225m (down 8% on last quarter but up 30% on $173m a year ago) to $230–235m (down just 4–6% on last quarter — significantly better than the seasonal norm of 10–15% — and up 33–36% year-on-year).

At the time that the initial guidance was given (on 20 January, while reporting last quarter's results), the expected revenue growth was attributed to a high mix of less seasonal linear products business, as well as the continuous rise in smart grid business. The increase in revenue guidance is attributed to strong demand for mobile Internet, smart grid and new high-growth analog applications.

In addition, Skyworks has also raised its guidance for non-GAAP diluted earnings per share from $0.21 to $0.22–0.23 (up from just $0.16 last quarter and $0.12 a year ago).

See related item:

Skyworks reports revenue up 17% year-on-year to record $245m

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Skyworks generates $75m in cash flow despite 10% sales drop

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