News Article
Skyworks smashes Q1 FY 2013 forecast
The company delivered revenue of $454 million, up 15 percent Year-Over-Year
Skyworks Solutions, Inc., an innovator of III-V analogue semiconductors, has reported first fiscal quarter 2013 results for the period ending December 28th, 2012.
Revenue for the quarter was $453.7 million, up 15 percent when compared to $393.7 million in the first fiscal quarter of 2012 and exceeding the company’s guidance of $450 million.
On a GAAP basis, operating income for the first fiscal quarter of 2013 was $86.6 million and diluted earnings per share was $0.34, up from $0.30 for the same quarter last year. Basic earnings per share was $0.35 as opposed to $0.31 for FY Q1 2012.
“As our results and guidance reflect, Skyworks is enabling anytime, anywhere communications across a diverse set of end markets and applications,” said David J. Aldrich, president and chief executive officer of Skyworks.
“We’re capitalising on growing consumer and enterprise demand for ubiquitous connectivity spanning all modes of wireline and wireless communications. In fact, our analogue semiconductor solutions are increasingly at the heart of everything from smartphones to smart appliances to home security systems to satellites to medical sensors to hybrid vehicles. This market diversity coupled with Skyworks’ leadership scale, product breadth and system IP is setting the stage for continued market outperformance and shareholder value creation.”
Second Fiscal Quarter 2013 Outlook
“Given order visibility and specific product launches, we expect to continue to gain market share and capture additional content per platform in the seasonally low March quarter,” said Donald W. Palette, vice president and chief financial officer of Skyworks. “Specifically, for the second fiscal quarter of 2013, we anticipate revenue to be up 15 percent year-over-year with better than normal seasonality to approximately $420 million with non-GAAP diluted earnings per share of $0.47.”
Skyworks hosted a conference call with analysts to discuss its first fiscal quarter 2013 results and business outlook. A replay of the conference call can be accessed on Skyworks' website by calling 800-475-6701 (domestic) or 320-365-3844 (international), access code: 275282.
Revenue for the quarter was $453.7 million, up 15 percent when compared to $393.7 million in the first fiscal quarter of 2012 and exceeding the company’s guidance of $450 million.
On a GAAP basis, operating income for the first fiscal quarter of 2013 was $86.6 million and diluted earnings per share was $0.34, up from $0.30 for the same quarter last year. Basic earnings per share was $0.35 as opposed to $0.31 for FY Q1 2012.
“As our results and guidance reflect, Skyworks is enabling anytime, anywhere communications across a diverse set of end markets and applications,” said David J. Aldrich, president and chief executive officer of Skyworks.
“We’re capitalising on growing consumer and enterprise demand for ubiquitous connectivity spanning all modes of wireline and wireless communications. In fact, our analogue semiconductor solutions are increasingly at the heart of everything from smartphones to smart appliances to home security systems to satellites to medical sensors to hybrid vehicles. This market diversity coupled with Skyworks’ leadership scale, product breadth and system IP is setting the stage for continued market outperformance and shareholder value creation.”
Second Fiscal Quarter 2013 Outlook
“Given order visibility and specific product launches, we expect to continue to gain market share and capture additional content per platform in the seasonally low March quarter,” said Donald W. Palette, vice president and chief financial officer of Skyworks. “Specifically, for the second fiscal quarter of 2013, we anticipate revenue to be up 15 percent year-over-year with better than normal seasonality to approximately $420 million with non-GAAP diluted earnings per share of $0.47.”
Skyworks hosted a conference call with analysts to discuss its first fiscal quarter 2013 results and business outlook. A replay of the conference call can be accessed on Skyworks' website by calling 800-475-6701 (domestic) or 320-365-3844 (international), access code: 275282.
