News Article
Skyworks Q2 FY13 revenues up 16.6 percent Y-o-Y
The firm's revenues went up from $364.7 million in Q2 FY2013 up to $425.2 million in Q2 FY2012 and incomes also went up year over year
Skyworks Solutions, Inc., an innovator of analogue semiconductors, has reported second fiscal quarter 2013 results for the period ending March 29th, 2013.
Revenue for the quarter was $425.2 million, up 17 percent when compared to $364.7 million in the second fiscal quarter of 2012 and exceeding the company’s guidance of $420 million.
On a GAAP basis, operating income for the second fiscal quarter of 2013 was $68.7 million and diluted earnings per share was $0.32.
“As our better than seasonal results and growth outlook demonstrate, Skyworks is gaining margin-rich content and share across mobile applications while capitalising on adjacent home automation, networking, medical, smart grid and machine-to-machine vertical markets,” said David J. Aldrich, president and chief executive officer of Skyworks.
“Leveraging our product innovation, scale and strong customer relationships, we are solidifying our position as a highly diversified analogue semiconductor market leader. Further to that end, we are increasingly migrating our product portfolio to differentiated, system-level solutions that provide greater value to our customers and command higher margins,” he continued.
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Third Fiscal Quarter 2013 Outlook
“We expect solid top and bottom line growth in the current quarter driven by specific program ramps and a more diversified, margin-accretive product mix,” said Donald W. Palette, vice president and chief financial officer of Skyworks.
“Specifically, for the third fiscal quarter of 2013, we anticipate revenue of approximately $435 million with gross margin expansion to the 43.5 to 44.0 percent range, a 130 to 180 basis point sequential improvement, operating margin in excess of 25 percent and diluted earnings per share of $0.53, each on a non-GAAP basis.”
Revenue for the quarter was $425.2 million, up 17 percent when compared to $364.7 million in the second fiscal quarter of 2012 and exceeding the company’s guidance of $420 million.
On a GAAP basis, operating income for the second fiscal quarter of 2013 was $68.7 million and diluted earnings per share was $0.32.
“As our better than seasonal results and growth outlook demonstrate, Skyworks is gaining margin-rich content and share across mobile applications while capitalising on adjacent home automation, networking, medical, smart grid and machine-to-machine vertical markets,” said David J. Aldrich, president and chief executive officer of Skyworks.
“Leveraging our product innovation, scale and strong customer relationships, we are solidifying our position as a highly diversified analogue semiconductor market leader. Further to that end, we are increasingly migrating our product portfolio to differentiated, system-level solutions that provide greater value to our customers and command higher margins,” he continued.
Third Fiscal Quarter 2013 Outlook
“We expect solid top and bottom line growth in the current quarter driven by specific program ramps and a more diversified, margin-accretive product mix,” said Donald W. Palette, vice president and chief financial officer of Skyworks.
“Specifically, for the third fiscal quarter of 2013, we anticipate revenue of approximately $435 million with gross margin expansion to the 43.5 to 44.0 percent range, a 130 to 180 basis point sequential improvement, operating margin in excess of 25 percent and diluted earnings per share of $0.53, each on a non-GAAP basis.”
