Skyworks Q1 2021 Earnings Report
Key Takeaways
Skyworks Solutions, Inc. reported first fiscal quarter results for the period ended Jan. 1, 2021. Revenue for the first fiscal quarter of 2021 was $1.510 billion, up 58% sequentially. On a GAAP basis, operating income for the first fiscal quarter was $571 million with diluted earnings per share of $3.05. On a non-GAAP basis, operating income was $622 million with non-GAAP diluted earnings per share of $3.36.
Delivers Record Revenue of $1.510 Billion, up 58% Sequentially and 69% Y-o-Y
Posts GAAP Diluted EPS of $3.05, up 103% Y-o-Y
Non-GAAP Diluted EPS of $3.36, up 100% Y-o-Y
Generates GAAP Operating Margin of 37.8%; Non-GAAP Operating Margin of 41.2%
Skyworks
Skyworks
Forward Guidance
We expect the continued and rapid adoption of multiple wireless protocols to drive strong year-over-year growth for Skyworks. Specifically, in the second fiscal quarter of 2021, we anticipate revenue to be between $1.125 billion and $1.175 billion with non-GAAP diluted earnings per share of $2.34 at the midpoint of our revenue range, representing revenue growth of 50% and non-GAAP diluted earnings per share growth of 75%, compared to the second fiscal quarter of 2020.