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Dec 29, 2023
Skyworks Q1 2024 Earnings Report
Reported revenue of $1.202 billion and GAAP diluted EPS of $1.44 and non-GAAP diluted EPS of $1.97. Generated record operating cash flow of $775 million and record free cash flow of $753 million.
Key Takeaways
Skyworks delivered first fiscal quarter results, with revenue of $1.202 billion. The company reported GAAP diluted EPS of $1.44 and non-GAAP diluted EPS of $1.97. They generated record quarterly free cash flow of $753 million.
Delivered Revenue of $1.202 Billion
Posted GAAP Diluted EPS of $1.44 and Non-GAAP Diluted EPS of $1.97
Generated Record Operating Cash Flow of $775 Million
Generated Record Free Cash Flow of $753 Million
Skyworks
Skyworks
Forward Guidance
Skyworks expects revenue to be $1.02 to $1.07 billion in the March quarter. At the mid-point of the revenue range, the company anticipates non-GAAP diluted earnings per share of $1.52.
Positive Outlook
- Expect modest growth in broad markets off the December quarter.
Challenges Ahead
- Mobile business is expected to be seasonally down sequentially, consistent with historical patterns.