Skyworks Exceeds Upwardly Revised Revenue and EPS Guidance in Q3 FY14
Delivers $587.0 Million in Revenue, Up 35% Y-o-Y and 22% Sequentially
Expands Non-GAAP Operating Margin 480 Basis Points Y-o-Y to 30.5% (25.3% GAAP)
Posts $0.83 of Non-GAAP Diluted EPS, Up 54% Y-o-Y and 34% Sequentially ($0.58 GAAP)
Generates $199 Million in Quarterly Cash Flow from Operations
Guides to $1.00 in Non-GAAP Diluted EPS and $680 Million in Revenue in Q4 FY14
WOBURN, Mass.--- Skyworks Solutions, Inc. (SWKS) an innovator of high performance analog semiconductors enabling a broad range of end markets, today reported third fiscal quarter results for the period ended June 27, 2014. Revenue for the quarter was $587.0 million, up 35 percent year-over-year and 22 percent sequentially, and better than the Company’s updated guidance for $570.0 million provided on June 3, 2014.
- Published: 18 July 2014
- Written by Editor