Skyworks Q1 2022 Earnings Report
Key Takeaways
Skyworks reported a record revenue of $1.510 billion for Q1 FY22, up 15% sequentially, with GAAP diluted EPS of $2.40 and non-GAAP diluted EPS of $3.14. The company generated record Q1 operating cash flow of $581.7 million and guided to double-digit year-over-year revenue and earnings growth in Q2 FY22.
Delivered Record Revenue of $1.510 Billion, up 15% Sequentially
Posts GAAP Diluted EPS of $2.40 and Non-GAAP Diluted EPS of $3.14
Generates Record Q1 Operating Cash Flow of $581.7 Million
Guides to Double-Digit Year-over-Year Revenue and Earnings Growth in Q2 FY22
Skyworks
Skyworks
Forward Guidance
Based on new product ramps across our increasingly diversified product portfolio, we expect double-digit year-over-year revenue and earnings growth in the March quarter. We anticipate revenue to be between $1.300 billion and $1.360 billion with non-GAAP diluted earnings per share of $2.62 at the midpoint of our revenue range, representing revenue growth of 13.5% and non-GAAP diluted earnings per share growth of 11%, compared to the second fiscal quarter of 2021.