Loading...
•
Jul 01, 2022
Skyworks Q3 2022 Earnings Report
Reported record third quarter revenue, exceeding consensus estimates.
Key Takeaways
Skyworks Solutions, Inc. reported third fiscal quarter results for the period ended July 1, 2022. Revenue for the third fiscal quarter of 2022 was $1.233 billion, up 10% year over year, exceeding consensus estimates. On a GAAP basis, operating income for the third fiscal quarter was $325.8 million with diluted earnings per share of $1.66. On a non-GAAP basis, operating income was $439.7 million with non-GAAP diluted earnings per share of $2.44.
Delivered record third quarter revenue of $1.233 Billion, up 10% Y-o-Y
Posted GAAP Diluted EPS of $1.66 and Non-GAAP Diluted EPS of $2.44
Guided to Double-Digit Sequential Revenue and Earnings Growth in Q4 FY22
Increased Quarterly Dividend by 11% to $0.62 Per Share
Skyworks
Skyworks
Forward Guidance
We expect double-digit sequential revenue and earnings growth in the September quarter. Specifically, in the fourth fiscal quarter of 2022, we anticipate revenue to be between $1.375 billion and $1.425 billion with non- GAAP diluted earnings per share of $2.90 at the midpoint of our revenue range, representing sequential revenue and non-GAAP diluted earnings per share growth of 14% and 19%, respectively.