Skyworks Q2 2022 Earnings Report
Key Takeaways
Skyworks Solutions, Inc. reported second fiscal quarter results for the period ended April 1, 2022. Revenue for the second fiscal quarter of 2022 was $1.336 billion, up 14% year over year, exceeding consensus estimates. On a GAAP basis, diluted earnings per share was $1.86. On a non-GAAP basis, non-GAAP diluted earnings per share was $2.63.
Delivers Record Second Quarter Revenue of $1.336 Billion, up 14% Y-o-Y
Posts GAAP Diluted EPS of $1.86 and Non-GAAP Diluted EPS of $2.63
Returns $509 Million to Stockholders in Dividends and Share Repurchases
Guides to Double-Digit Y-o-Y Revenue and Earnings Growth in Q3 FY22
Skyworks
Skyworks
Forward Guidance
Despite recent pandemic-related supply chain disruptions, we expect double-digit year-over-year revenue and earnings growth in the June quarter. Specifically, in the third fiscal quarter of 2022, we anticipate revenue to be between $1.200 billion and $1.260 billion with non-GAAP diluted earnings per share of $2.36 at the midpoint of our revenue range, representing revenue and non-GAAP diluted earnings per share growth of 10% compared to the third fiscal quarter of 2021.