Skyworks Updates Business Outlook
Skyworks Solutions, Inc. (NASDAQ: SWKS), an innovator of high reliability analog and mixed signal semiconductors enabling a broad range of end markets, today raised its financial outlook for the second quarter of fiscal 2010 driven by strong demand for mobile Internet, smart grid and new, high growth analog applications. For the current quarter, Skyworks now expects revenue in the range of $230 — $235 million and non-GAAP diluted earnings per share of $0.22 — $0.23.
The Company will be presenting at the Raymond James and Stephens investor conferences in Orlando and San Francisco, respectively, and will host institutional investors at its headquarters in Woburn, MA and at its facility in Irvine, CA in the coming weeks.
For information regarding the use of a non-GAAP EPS estimate in this press release, please refer to the Discussion Regarding the Use of Non-GAAP Financial Measures set forth below.
About Skyworks
Skyworks Solutions, Inc. is an innovator of high reliability analog and mixed signal semiconductors. Leveraging core technologies, Skyworks offers diverse standard and custom linear products supporting automotive, broadband, cellular infrastructure, energy management, industrial, medical, military and mobile handset applications. The Company’s portfolio includes amplifiers, attenuators, detectors, diodes, directional couplers, front-end modules, hybrids, infrastructure RF subsystems, mixers/demodulators, phase shifters, PLLs/synthesizers/VCOs, power dividers/combiners, receivers, switches and technical ceramics. Headquartered in Woburn, Mass., Skyworks is worldwide with engineering, manufacturing, sales and service facilities throughout Asia, Europe and North America. For more information, please visit Skyworks’ Web site at: www.skyworksinc.com
