Skyworks Solutions (SWKS) Tops Q3 EPS by 3c; Guides Q4 In-Line

Skyworks Solutions (NASDAQ: SWKS) reported Q3 EPS of $1.24, $0.03 better than the analyst estimate of $1.21. Revenue for the quarter came in at $751.7 million versus the consensus estimate of $750.22 million.

GUIDANCE:

Skyworks Solutions sees Q4 2016 EPS of $1.43, versus the consensus of $1.42. Skyworks Solutions sees Q4 2016 revenue of $831 million, versus the consensus of $831.15 million.

“Skyworks exceeded expectations in the third fiscal quarter of 2016 driven by increasing global demand for high-speed connectivity coupled with strong operational execution,” said Liam K. Griffin, president and chief executive officer of Skyworks. “Our highly integrated solutions are enabling a broad array of applications ranging from streaming media to e-commerce to cloud-based services. Specifically, we are capturing performance-driven content gains within the world’s premium mobile platforms while expanding our customer and end-market reach across the Internet of Things. Accordingly, we are planning for sustained market outperformance with operating leverage.”

For earnings history and earnings-related data on Skyworks Solutions (SWKS) click here.

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