Skyworks Q4 2020 Earnings Report
Key Takeaways
Skyworks reported Q4 revenue of $957 million, a 30% sequential increase and a 16% year-over-year increase. GAAP diluted EPS was $1.46, and non-GAAP diluted EPS was $1.85. The company guides to double-digit sequential revenue and earnings growth in Q1 FY21.
Delivered Q4 Revenue of $957 Million, up 30% Sequentially and 16% Y-o-Y
Posted Q4 GAAP Diluted EPS of $1.46; Non-GAAP Diluted EPS of $1.85
Generated FY20 Revenue of $3.356 Billion with GAAP Diluted EPS of $4.80; Non-GAAP Diluted EPS of $6.13
Guides to Double-Digit Sequential Revenue and Earnings Growth in Q1 FY21
Skyworks
Skyworks
Forward Guidance
We expect double-digit sequential revenue and earnings growth in the December quarter, fueled by content gains and product ramps across multiple 5G-enabled smartphone platforms and increased demand across our broad markets portfolio. Specifically, in the first fiscal quarter of 2021, we anticipate revenue to be between $1,040 million and $1,070 million with non-GAAP diluted earnings per share of $2.06 at the midpoint of our revenue range.
Positive Outlook
- Double-digit sequential revenue growth expected
- Double-digit sequential earnings growth expected
- Fueled by content gains
- Product ramps across multiple 5G-enabled smartphone platforms
- Increased demand across our broad markets portfolio