+44 (0)24 7671 8970
More publications     •     Advertise with us     •     Contact us
 
News Article

Skyworks Q4 revenues soar at $402.3 million, beating target

The firm improved operating margin by 110 basis points year-over-year to 19.3 percent on a GAAP basis.

Skyworks Solutions, an innovator of high reliability analogue and mixed signal semiconductors enabling a broad range of end markets, has reported fourth fiscal quarter and year end 2011 results.

Revenue for the quarter was $402.3 million versus guidance of $400 million, and was up 28 percent year-over-year and 13 percent sequentially. For fiscal year 2011, revenue was $1.419 billion versus $1.072 billion in fiscal 2010, a 32 percent increase.

On a GAAP basis, operating income for the fourth fiscal quarter of 2011 was $77.7 million and diluted earnings per share was $0.34. Operating income for fiscal 2011 was $295.3 million and diluted earnings per share was $1.19. The company generated $123 million in cash flow from operations and exited the quarter with $411 million in cash.

"Skyworks' solid performance demonstrates the strength of our diversified business model, continued share gains and operational leverage," said David J. Aldrich, president and chief executive officer of Skyworks.

"At a higher level, despite the current economic environment, we believe that long-term industry fundamentals remain strong as analogue content and complexity continue to increase. Given our differentiated product portfolio, technology leadership, broad customer engagements and scale, Skyworks is strategically well positioned to capitalize on the growing number of platforms that are becoming wirelessly enabled and, in turn, to outperform our addressed markets."

Q4 Business Highlights

Over the last quarter, Skyworks expanded gross margin by 90 basis points year-over-year to 43.4 percent on a GAAP basis. It ramped 3G/LTE multimode, multiband solutions for Samsung's next generation Galaxy S II smart phone platforms and also supported ZTE's launch of tablets and notebooks with EDGE and WCDMA/LTE front-end solutions.

The firm also introduced a family of low noise amplifiers for wireless infrastructure and networking applications and designed into a leading manufacturer's platform for hearing aids using ultra low power amplifiers.

Skyworks shipped switch matrix solutions to Siemens Healthcare for deployment in their Magnetic Resonance Imaging (MRI) scanners and also commenced volume shipments of ZigBee-enabled solutions to multiple ODMs in support of home security applications.

First Fiscal Quarter 2012 Outlook

"We anticipate revenue in the first fiscal quarter of 2012 to be up 16 percent year-over-year in the $390 million range," said Donald W. Palette, vice president and chief financial officer of Skyworks. "Our guidance reflects near term market weakness largely offset by new program ramps. Operationally, we expect to deliver non-GAAP diluted earnings per share of $0.50. Note, our outlook excludes any contribution from Advanced Analogic Technologies."

Skyworks hosted a conference call with analysts to discuss its fourth fiscal quarter 2011 results and business outlook last week. The replay will be available on Skyworks' website or by calling

888-203-1112 (from U.S.) or  719-457-0820     from outside U.S.) using pass code: 1214860.
×
Search the news archive

To close this popup you can press escape or click the close icon.
×
Logo
×
Register - Step 1

You may choose to subscribe to the Compound Semiconductor Magazine, the Compound Semiconductor Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in: