15 October 2014

Skyworks raises guidance for quarterly revenue growth to 51% year-on-year and 22% sequentially

For its fiscal fourth-quarter 2014 (to end September), Skyworks Solutions Inc of Woburn, MA, USA (which manufactures analog and mixed-signal semiconductors) has raised its revenue guidance (given on 17 July) from $680m (up 16% sequentially and 43% year-on-year) to $718m (up 22% sequentially and 51% year-on-year) compared with $587m for fiscal Q3/2014 and $477m a year ago.

Skyworks has also raised its guidance for non-GAAP diluted earnings per share from $1.00 (up 56% year-on-year) to $1.08 (up 69% year-on-year, and up 30% on fiscal Q3/2014’s $0.83 - the sixth consecutive quarter of above-20% year-on-year earnings growth).

“Skyworks upwardly revised outlook demonstrates the broad-based strength of our business and our ability to capitalize on positive underlying market trends to connect everyone and everything, all the time,” says chairman & CEO David J. Aldrich. “These multi-year technology trends are setting the stage for us to outperform the broader semiconductor industry in the December quarter and for the foreseeable future.”

When Skyworks gave its original fiscal Q4 guidance on 17 July, it attributed expected growth to broad-based strength driven by new product ramps, content gains, growth across emerging markets, ongoing 802.11ac deployments, and the expanding set of opportunities within the Internet of Things

Skyworks will release its fiscal Q4/2014 results on 6 November.

See related items:

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Tags: Skyworks

Visit: www.skyworksinc.com