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Dec 27, 2019
Skyworks Q1 2020 Earnings Report
Skyworks exceeded Q1 FY20 expectations with revenue up 8% sequentially and better-than-seasonal revenue trends expected in Q2 FY20.
Key Takeaways
Skyworks Solutions, Inc. reported first fiscal quarter results for the period ended December 27, 2019, with revenue of $896.1 million, up 8 percent sequentially. GAAP diluted EPS was $1.50, and non-GAAP diluted EPS was $1.68. The company generated $398 million in cash flow from operations and anticipates better-than-seasonal results in the March quarter.
Delivered revenue of $896 million, up 8% sequentially.
Posted GAAP diluted EPS of $1.50; non-GAAP diluted EPS of $1.68.
Generated $398 million in cash flow from operations.
Guided to better-than-seasonal revenue trends in Q2 FY20.
Skyworks
Skyworks
Forward Guidance
Skyworks anticipates revenue to be between $800 and $820 million with non-GAAP diluted earnings per share of $1.46 at the midpoint of the revenue range.
Positive Outlook
- Expects new content opportunities to drive results.
- Ramp of Sky5® solutions to drive results.
- Revenue expected to be between $800 and $820 million.
- Non-GAAP diluted earnings per share of $1.46 expected at the midpoint of revenue range.