Skyworks Solutions Earnings: Here’s Why Investors Like These Results

Skyworks Solutions Inc. (NASDAQ:SWKS) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.63%.

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Skyworks Solutions Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 14.29% to $0.48 in the quarter versus EPS of $0.42 in the year-earlier quarter.

Revenue: Rose 16.59% to $425.2 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Skyworks Solutions Inc. reported adjusted EPS income of $0.48 per share. By that measure, the company beat the mean analyst estimate of $0.47. It beat the average revenue estimate of $420.37 million.

Quoting Management: “As our better than seasonal results and growth outlook demonstrate, Skyworks is gaining margin-rich content and share across mobile applications while capitalizing on adjacent home automation, networking, medical, smart grid and machine-to-machine vertical markets,” said David J. Aldrich, president and chief executive officer of Skyworks. “Leveraging our product innovation, scale and strong customer relationships, we are solidifying our position as a highly diversified analog semiconductor market leader. Further to that end, we are increasingly migrating our product portfolio to differentiated, system-level solutions that provide greater value to our customers and command higher margins.”

Key Stats (on next page)…

Revenue decreased 6.29% from $453.72 million in the previous quarter. EPS decreased 12.73% from $0.55 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.51 to a profit $0.52. For the current year, the average estimate has moved up from a profit of $2.11 to a profit of $2.14 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)