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Jul 02, 2021
Skyworks Q3 2021 Earnings Report
Skyworks delivered record third quarter results, with strong year-over-year growth in both revenue and earnings per share.
Key Takeaways
Skyworks reported record third quarter revenue of $1.116 billion, up 52% year-over-year. GAAP diluted EPS was $2.02, up 162% year-over-year, and non-GAAP diluted EPS was $2.15, up 72% year-over-year. The company guides to strong year-over-year revenue and earnings growth in Q4 FY21 and increases the quarterly dividend by 12% to $0.56 per share.
Delivered record third quarter revenue of $1.116 billion, up 52% Y-o-Y
Posts GAAP Diluted EPS of $2.02, up 162% Y-o-Y; Non-GAAP Diluted EPS of $2.15, up 72% Y-o-Y
Guides to Strong Y-o-Y Revenue and Earnings Growth in Q4 FY21
Increases Quarterly Dividend by 12% to $0.56 Per Share
Skyworks
Skyworks
Forward Guidance
Based on continued robust demand for connectivity solutions in mobile and broad markets and the inclusion of a partial quarter of revenue from the recently completed acquisition of the Infrastructure and Automotive business from Silicon Labs, we expect further strong year-over-year growth in the September quarter.
Positive Outlook
- Revenue to be between $1.270 billion and $1.330 billion
- Non-GAAP diluted earnings per share of $2.53 at the midpoint of our revenue range
- Revenue growth of 36%
- Non-GAAP diluted earnings per share growth of 37%, compared to the fourth fiscal quarter of 2020
- Another substantial increase to our quarterly dividend