Info
Info
News Article

Skyworks Posts Lower Profits But Pleasing Revenues

Third quarter revenues beat expectations thanks to rising smartphone and tablet demand



Analogue semiconductor developer, Skyworks, has reported a third-quarter profit of $49.3 million, or 26 cents per share, down compared to $51.5 million, or 27 cents per share, for the same time last year.

Citing rising operating costs as the reason for decreasing profits, the business still reported higher revenues than expected, rising 9.3% to $389million, compared to the third quarter of 2011. The company's previous guidance for this quarter put revenues at $383 million.

“Skyworks outperformed our addressable markets last quarter and the stage is set for a strong back half of 2012," said David J. Aldrich, president and chief executive officer of Skyworks. “Our strategic diversification across OEMs and chipset partners is enabling us to produce strong operating results despite the macro economy. We are gaining share within adjacent vertical markets including automotive, medical, avionics, military, location services and broadband communications."

“At the same time, our innovative solutions are powering the world’s most popular smartphones, tablets, home automation platforms and network infrastructure systems. In short, we have created a differentiated business model that is delivering demonstrable, best in class mobile internet growth with analogue semiconductor shareholder returns," he added.

The company expects fourth-quarter earnings of 50 cents to 51 cents per share, on a revenue of $415 million to $420 million. Shares rose 12% following the latest third quarter results.



AngelTech Live III: Join us on 12 April 2021!

AngelTech Live III will be broadcast on 12 April 2021, 10am BST, rebroadcast on 14 April (10am CTT) and 16 April (10am PST) and will feature online versions of the market-leading physical events: CS International and PIC International PLUS a brand new Silicon Semiconductor International Track!

Thanks to the great diversity of the semiconductor industry, we are always chasing new markets and developing a range of exciting technologies.

2021 is no different. Over the last few months interest in deep-UV LEDs has rocketed, due to its capability to disinfect and sanitise areas and combat Covid-19. We shall consider a roadmap for this device, along with technologies for boosting its output.

We shall also look at microLEDs, a display with many wonderful attributes, identifying processes for handling the mass transfer of tiny emitters that hold the key to commercialisation of this technology.

We shall also discuss electrification of transportation, underpinned by wide bandgap power electronics and supported by blue lasers that are ideal for processing copper.

Additional areas we will cover include the development of GaN ICs, to improve the reach of power electronics; the great strides that have been made with gallium oxide; and a look at new materials, such as cubic GaN and AlScN.

Having attracted 1500 delegates over the last 2 online summits, the 3rd event promises to be even bigger and better – with 3 interactive sessions over 1 day and will once again prove to be a key event across the semiconductor and photonic integrated circuits calendar.

So make sure you sign up today and discover the latest cutting edge developments across the compound semiconductor and integrated photonics value chain.

REGISTER FOR FREE

VIEW SESSIONS

Info
×
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:
 
X
Info
X
Info
{taasPodcastNotification}
Live Event