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News Article

Skyworks soars above expectations

The firm has reported its first fiscal quarter 2012 results with revenues up by 17 percent Year-Over-Year to $ 393.7 million

 The revenue for the latest quarter exceeded the Company’s guidance of $390.0 million.

“Specifically, we expect revenue of $360 million, including a partial quarter contribution from AATI, with $0.40 of non-GAAP diluted earnings per share. While we are forecasting AATI to be neutral to second fiscal quarter earnings, we expect the acquisition to be accretive for fiscal year 2012.”

On a GAAP basis, operating income for the first fiscal quarter of 2012 was $75.0 million and diluted earnings per share was $0.30, including AATI acquisition-related charges.

“Skyworks’ solid performance against the current economic backdrop is being driven by our expanding positions in adjacent analogue semiconductor markets, global demand for mobile internet applications and strong operational execution,” said David J. Aldrich, president and chief executive officer of Skyworks. “More specifically, we are capitalizing on new opportunities in medical, automotive, smart energy and home automation markets while capturing additional content and share within LTE smart phones, e-readers, tablets and LED TVs. As a result, Skyworks’ ongoing diversification and scale are positioning us to deliver above market growth and, ultimately, create greater competitive advantages.”

Second Fiscal Quarter 2012 Outlook

“Based on our diverse customer and market base as well as share gains, we are planning to outperform our addressable markets in the seasonally low March quarter,” said Donald W. Palette, vice president and chief financial officer of Skyworks. “Specifically, we expect revenue of $360 million, including a partial quarter contribution from AATI, with $0.40 of non-GAAP diluted earnings per share. While we are forecasting AATI to be neutral to second fiscal quarter earnings, we expect the acquisition to be accretive for fiscal year 2012.”

Skyworks hosted a conference call with analysts to discuss its first fiscal quarter 2012 results and business outlook. 

A replay of the conference call will be available on Skyworks’ Web site or by calling 

888-203-1112 (from the U.S.) or 719-457-0820 (from outside the U.S.)

using pass code: 4056697
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