News Article
Skyworks affirms above market growth outlook
The firm has reiterated strong guidance ahead of this week’s investor meetings with the outlook excluding the recently announced acquisitions of SiGe and Advanced Analogic Technologies.
Skyworks Solutions, an innovator of high reliability analogue and mixed signal semiconductors enabling a broad range of end markets, has announced, ahead of a non-deal road show, it is affirming its outlook for above market growth. This excludes the firm’s recently announced acquisitions.
In April 2011, Skyworks guided to approximately $345 million in revenue with non-GAAP diluted earnings per share of $0.46 for the current quarter. Furthermore, during the earnings conference call, the Company indicated it was on a path to approach a $1.5 billion revenue run rate run rate with $2.00 in annualised non-GAAP diluted earnings per share in the September quarter. This growth outlook is being driven by the Company’s broad customer base, diversification into new markets and increasing share gains.
“Skyworks’ core business continues to outperform our addressed markets and we believe this will be clearly reflected in our performance and guidance,” said Donald W. Palette, vice president and chief financial officer of Skyworks. “To be clear, our revenue and non-GAAP earnings outlook for both the June and September quarters is before we add the accretive SiGe and Advanced Analogic Technologies acquisitions.”
