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Dec 30, 2022
Skyworks Q1 2023 Earnings Report
Skyworks delivered solid first quarter results, leveraging its diverse portfolio of mobile and IoT solutions.
Key Takeaways
Skyworks delivered solid first quarter results with revenue exceeding consensus estimates and record quarterly operating cash flow. The company is well positioned to navigate a challenging macro backdrop with its profitable business model and leading connectivity technologies.
Delivered Revenue of $1.329 Billion
Posted GAAP Diluted EPS of $1.93 and Non-GAAP Diluted EPS of $2.59
Generated Record Quarterly Operating Cash Flow of $773.4 Million
Returned $265.6 Million to Stockholders Through Dividends and Share Repurchases
Skyworks
Skyworks
Forward Guidance
Looking ahead to our second fiscal quarter of 2023, we anticipate revenue to be between $1.125 billion and $1.175 billion with non-GAAP diluted earnings per share of $2.02 at the midpoint of our revenue range.
Positive Outlook
- Revenue to be between $1.125 billion and $1.175 billion
- Non-GAAP diluted earnings per share of $2.02 at the midpoint of our revenue range
- Board of directors has approved a new $2 billion stock repurchase program
- Confidence in our business
- Ability to continue generating strong free cash flow