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Mar 27, 2020
Skyworks Q2 2020 Earnings Report
Skyworks delivered revenue of $766.1 million and GAAP diluted EPS of $1.06, with non-GAAP diluted EPS of $1.34.
Key Takeaways
Skyworks Solutions, Inc. reported second fiscal quarter results for the period ended March 27, 2020. The company delivered revenue of $766.1 million, GAAP diluted EPS of $1.06, and non-GAAP diluted EPS of $1.34. They generated $280.4 million in cash flow from operations and ended the quarter with $1.1 billion in cash and investments and no debt.
Leveraged Sky5 platform across flagship 5G handset launches at Samsung, Oppo, Vivo, Xiaomi and other Tier-1 players.
Expanded technology reach across customized Diversity Receive platforms, with new 5G-centric solutions being deployed across a growing set of customers.
Ramped wireless remote patient monitoring systems with GE.
Extended market leadership in Wi-Fi 6 home and enterprise grade gateways at Cisco.
Forward Guidance
For the third fiscal quarter of 2020, Skyworks anticipates revenue to be between $670 and $710 million with non-GAAP diluted earnings per share of $1.13 at the midpoint of our revenue range.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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