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Oct 01, 2021

Skyworks Q4 2021 Earnings Report

Skyworks reported record Q4 revenue and earnings, demonstrating significant year-over-year growth.

Key Takeaways

Skyworks Solutions, Inc. reported Q4 FY21 results with record revenue of $1.311 billion, up 37% year-over-year. GAAP diluted EPS was $1.95, up 34% year-over-year, and non-GAAP diluted EPS was $2.62, up 42% year-over-year.

Delivered record Q4 revenue of $1.311 billion, up 37% year-over-year.

GAAP diluted EPS was $1.95, up 34% year-over-year.

Non-GAAP diluted EPS was $2.62, up 42% year-over-year.

Guided to double-digit sequential revenue and earnings growth in Q1 FY22.

Total Revenue
$1.31B
Previous year: $957M
+37.0%
EPS
$2.62
Previous year: $1.85
+41.6%
Gross Profit
$614M
Previous year: $459M
+33.7%
Cash and Equivalents
$883M
Previous year: $567M
+55.8%
Free Cash Flow
$135M
Previous year: $121M
+11.7%
Total Assets
$8.59B
Previous year: $5.11B
+68.2%

Skyworks

Skyworks

Forward Guidance

Skyworks anticipates revenue to be between $1.475 billion and $1.525 billion with non-GAAP diluted earnings per share of $3.10 at the midpoint of our revenue range in the first fiscal quarter of 2022.

Positive Outlook

  • Continued content gains
  • Product ramps
  • Design wins across both mobile and broad markets
  • Expect further double-digit sequential revenue growth
  • Expect further double-digit sequential earnings growth