Skyworks Solutions (SWKS) Tops Q3 EPS by 5c, Beats on Revenues; Offers Positive Q4 EPS & Revenue Outlook

Skyworks Solutions (NASDAQ: SWKS) reported Q3 EPS of $1.57, $0.05 better than the analyst estimate of $1.52. Revenue for the quarter came in at $900.8 million versus the consensus estimate of $890.54 million.

• Delivers Revenue of $900.8 Million, Up 20% Y-o-Y
• GAAP Operating Margin 33.8%; Non-GAAP Operating Margin 37.0%
• GAAP Diluted EPS $1.32, Up 36% Y-o-Y; Non-GAAP Diluted EPS $1.57, Up 27% Y-o-Y
• Generates $314.1 Million in Cash Flow from Operations
• Guides to Q4 FY17 Revenue and Non-GAAP Diluted EPS Above Consensus
• Increases Quarterly Dividend by 14% to $0.32 Per Share

GUIDANCE:

Skyworks Solutions sees Q4 2017 EPS of $1.75, versus the consensus of $1.73. Skyworks Solutions sees Q4 2017 revenue of $980 million, versus the consensus of $973.66 million.

Fourth Fiscal Quarter 2017 Outlook

We provide earnings guidance on a non-GAAP basis because certain information necessary to reconcile such guidance to GAAP is difficult to estimate and dependent on future events outside of our control. Please refer to the attached Discussion Regarding the Use of Non-GAAP Financial Measures in this press release for a further discussion of our use of non-GAAP measures, including quantification of known expected adjustment items.

“Given our design win momentum and new product pipeline, we intend to sustainably outpace growth in our addressable markets,” said Kris Sennesael, senior vice president and chief financial officer of Skyworks. “For the fourth fiscal quarter of 2017, we expect revenue to be up 17 percent year-over-year with further gross and operating margin expansion. Specifically, we plan to deliver record financial results with revenue of $980 million and non-GAAP diluted earnings per share of $1.75.”

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

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