Skyworks Solutions (SWKS) Tops Q4 EPS by 7c, Beats on Revenues; Offers Guidance In-Line with Estimates

Skyworks Solutions (NASDAQ: SWKS) reported Q4 EPS of $1.82, $0.07 better than the analyst estimate of $1.75. Revenue for the quarter came in at $984.6 million versus the consensus estimate of $980.29 million.

First Fiscal Quarter 2018 Outlook

“Our market outperformance is being driven by new customers and content growth across an increasingly diverse set of end market applications,” said Kris Sennesael, senior vice president and chief financial officer of Skyworks. “Specifically, in the first fiscal quarter of 2018 we expect revenue to be up 15 percent year-over-year to $1.050 billion, with non-GAAP diluted earnings per share of $1.91, up 19 percent year-over-year.”

Highlights

• Delivers Record Revenue of $984.6 Million, Up 18% Y-o-Y
• GAAP Operating Margin 35.1%; Non-GAAP Operating Margin 38.5%
• GAAP Diluted EPS $1.51, Up 15% Y-o-Y; Non-GAAP Diluted EPS $1.82, Up 24% Y-o-Y
• Generates $425.4 Million in Cash Flow from Operations
• FY17 Revenue of $3.7 Billion; $5.41 in GAAP Diluted EPS and $6.45 in Non-GAAP Diluted EPS; $1.5 Billion in Cash Flow from Operations
• Guides Q1FY18 Revenue Up 15% Y-o-Y and Non-GAAP Diluted EPS Up 19% Y-o-Y

GUIDANCE:

Skyworks Solutions sees Q1 2018 EPS of $1.91, versus the consensus of $1.91. Skyworks Solutions sees Q1 2018 revenue of $1.05 billion, versus the consensus of $1.05 billion.

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

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