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Apr 02, 2021
Skyworks Q2 2021 Earnings Report
Reported record second quarter revenue with significant year-over-year growth and strong performance in both GAAP and non-GAAP diluted EPS.
Key Takeaways
Skyworks Solutions reported a record second quarter with revenue of $1.172 billion, up 53% year-over-year. GAAP diluted EPS was $1.95, up 84% year-over-year, and non-GAAP diluted EPS was $2.37, up 77% year-over-year. The company also generated record quarterly operating cash flow of $616 million.
Delivered record second quarter revenue of $1.172 billion, up 53% Y-o-Y.
Posted GAAP diluted EPS of $1.95, up 84% Y-o-Y; Non-GAAP diluted EPS of $2.37, up 77% Y-o-Y.
Generated GAAP operating margin of 32.0%; Non-GAAP operating margin of 37.6%.
Drove record quarterly operating cash flow of $616 Million.
Skyworks
Skyworks
Forward Guidance
For the third fiscal quarter of 2021, Skyworks anticipates revenue to be between $1.075 billion and $1.125 billion with non-GAAP diluted earnings per share of $2.13 at the midpoint of the revenue range.
Positive Outlook
- Expects continued momentum and year-over-year growth into the June quarter.
- Anticipates revenue to be between $1.075 billion and $1.125 billion.
- Non-GAAP diluted earnings per share growth of 70%, compared to the third fiscal quarter of 2020.
- Revenue growth of 49% compared to the third fiscal quarter of 2020
- Based on robust demand for connectivity solutions in mobile and broad markets