News Article
Skyworks exceeds Q4 FY13 revenue and EPS guidance
Company delivers $477 million in revenue, up 13.3% Y-o-Y and 9.4% sequentially
Skyworks Solutions, Inc. a developer of high performance analog semiconductors has reported fourth fiscal quarter and year-end results for the period ending September 27, 2013.
Revenue for the quarter was $477.0 million, up 13.3 percent year-over-year and 9.4 percent sequentially.
On a non-GAAP basis, operating income for the fourth fiscal quarter of 2013 was $130.3 million, up from $103.6 million in the fourth fiscal quarter of 2012, reflecting a 26 percent increase.
For fiscal year 2013, revenue was $1.792 billion, up 14 percent from fiscal 2012, while non-GAAP diluted earnings per share was $2.20, up 16 percent year-over-year. GAAP diluted earnings per share for fiscal 2013 was $1.45.
“Skyworks continues to outperform as we expand our diversified market footprint, gain content with customized analog solutions and capitalize on global demand for the Internet of Things,” said David J. Aldrich, president and chief executive officer of Skyworks. “We are effectively executing our strategy to deliver the growth of connectivity along with analog semiconductor financial returns. Based on our product innovation, proprietary solutions and track record of operational execution, we’ve created a differentiated business model. As a result, we are well positioned for sustainable above-market growth and shareholder value creation.”
Revenue for the quarter was $477.0 million, up 13.3 percent year-over-year and 9.4 percent sequentially.
On a non-GAAP basis, operating income for the fourth fiscal quarter of 2013 was $130.3 million, up from $103.6 million in the fourth fiscal quarter of 2012, reflecting a 26 percent increase.
For fiscal year 2013, revenue was $1.792 billion, up 14 percent from fiscal 2012, while non-GAAP diluted earnings per share was $2.20, up 16 percent year-over-year. GAAP diluted earnings per share for fiscal 2013 was $1.45.
“Skyworks continues to outperform as we expand our diversified market footprint, gain content with customized analog solutions and capitalize on global demand for the Internet of Things,” said David J. Aldrich, president and chief executive officer of Skyworks. “We are effectively executing our strategy to deliver the growth of connectivity along with analog semiconductor financial returns. Based on our product innovation, proprietary solutions and track record of operational execution, we’ve created a differentiated business model. As a result, we are well positioned for sustainable above-market growth and shareholder value creation.”
