Skyworks Q4 2023 Earnings Report
Key Takeaways
Skyworks Solutions, Inc. reported Q4 2023 revenue of $1.219 billion. GAAP diluted EPS was $1.52, and non-GAAP diluted EPS was $2.20. The company generated record free cash flow for fiscal year 2023, increasing 76% year-over-year.
Delivered Revenue of $1.219 Billion
Posted GAAP Diluted EPS of $1.52 and Non-GAAP Diluted EPS of $2.20
Generated Annual Operating Cash Flow of $1.856 Billion, Up 30% Year-Over-Year
Generated Free Cash Flow of $1.646 Billion, Up 76% Year-Over-Year
Skyworks
Skyworks
Forward Guidance
Skyworks expects revenue to be $1.175 to $1.225 billion in the December quarter. At the mid-point of the revenue range, the company anticipates non-GAAP diluted earnings per share of $1.95. Mobile business is expected to demonstrate momentum, while broad markets are expected to continue to digest excess inventory in select segments, affecting the revenue outlook.
Positive Outlook
- Mobile business is expected to demonstrate momentum
Challenges Ahead
- Broad markets are expected to continue to digest excess inventory in select segments, affecting our revenue outlook.