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Jun 30, 2023
Skyworks Q3 2023 Earnings Report
Skyworks reported Q3 FY23 results with revenue of $1.071 billion, GAAP diluted EPS of $1.22, and non-GAAP diluted EPS of $1.73.
Key Takeaways
Skyworks Solutions, Inc. reported third fiscal quarter results for the period ended June 30, 2023. Revenue for the third fiscal quarter of 2023 was $1.071 billion. On a GAAP basis, diluted earnings per share was $1.22. On a non-GAAP basis, non-GAAP diluted earnings per share was $1.73.
Delivered Revenue of $1.071 Billion
Posted GAAP Diluted EPS of $1.22 and Non-GAAP Diluted EPS of $1.73
Generated Quarterly Operating Cash Flow of $305.7 Million
Increased Quarterly Dividend by 10% to $0.68 Per Share
Forward Guidance
We expect double-digit sequential revenue and earnings growth in the September quarter. Specifically, in the fourth fiscal quarter of 2023, we anticipate revenue to be between $1.190 billion and $1.240 billion with non-GAAP diluted earnings per share of $2.10 at the midpoint of our revenue range, representing sequential revenue and non-GAAP diluted earnings per share growth of 13% and 21%, respectively.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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