Skyworks Updates Revenue And Earnings Outlook In Advance Of 2012 Analyst Day
Skyworks Solutions, Inc. (NASDAQ: SWKS), an innovator of high
performance analog semiconductors enabling a broad range of end markets,
today updated its financial outlook for the fourth quarter of fiscal
Skyworks Solutions, Inc. (NASDAQ: SWKS), an innovator of high performance analog semiconductors enabling a broad range of end markets, today updated its financial outlook for the fourth quarter of fiscal 2012 given strong program ramps across its high performance analog and mobile Internet businesses, as well as continued operating leverage within its business model. The Company now anticipates revenue of $420 million for the fourth quarter of fiscal 2012, on the high end of its previous guidance range of $415 to $420 million, which would represent an 8 percent sequential increase. Skyworks also expects to deliver non-GAAP diluted earnings per share of $0.52 versus guidance of $0.50 to $0.51, which would represent a 16 percent sequential increase for the fourth quarter of fiscal 2012. The company’s previous guidance was provided on July 18, 2012 during its third quarter fiscal 2012 conference call. 2012 Skyworks Analyst Day Skyworks is hosting an Analyst Day today in Boston beginning at 9:30 a.m. Eastern time. Members of the executive team will provide a business overview, discuss market and technology trends, operational plans and financial objectives. To listen to the Webcast via the Internet, please visit the Investor section of Skyworks’ Web site at www.skyworksinc.com. For information regarding the use of non-GAAP EPS estimates in this press release, please refer to the Discussion Regarding the Use of Non-GAAP Financial Measures set forth below. About Skyworks Skyworks Solutions, Inc. is an innovator of high performance analog semiconductors. Leveraging core technologies, Skyworks supports automotive, broadband, cellular infrastructure, energy management, GPS, industrial, medical, military, wireless networking, smartphone and tablet applications. The Company’s portfolio includes amplifiers, attenuators, circulators, detectors, diodes, directional couplers, front-end modules, hybrids, infrastructure RF subsystems, isolators, lighting and display solutions, mixers/demodulators, optocouplers, optoisolators, phase shifters, PLLs/synthesizers/VCOs, power dividers/combiners, power management devices, receivers, switches and technical ceramics.