Skyworks Q3 FY18 Earnings Once Again Exceed Expectations

Skyworks reported its third fiscal quarter results for the period ended June 29, 2018. Revenue for the third fiscal quarter once again exceeded estimates.

Third Fiscal Quarter Business Highlights

  • Expanded Sky5 suite with 5G antenna tuners
  • Launched connected street lighting modules with Philips for smart cities
  • Partnered with Sierra Wireless on LTE CAT-12 data cards for M2M applications
  • Commenced production of access solutions for Cisco’s enterprise systems
  • Enabled telematics at BMW and General Motors
  • Extended reach within Linksys’ new dual-band mesh networks
  • Ramped connectivity engines for Amazon’s voice-enabled 4K Fire TV platforms
  • Increased footprint across Nest thermostats, fire detectors and video doorbells leveraging Bluetooth Low Energy, Zigbee, Thread and Wi-Fi protocols
  • Unveiled networking products supporting AT&T/DIRECTV routers
  • Introduced high-precision GPS functionality improving ride-sharing, mobile payment and fleet management services
  • Deployed massive MIMO base station architectures with a leading European infrastructure provider

Key Financial Highlights

  • Delivers Revenue of $894.3 Million
  • GAAP Operating Margin 34.3%; Non-GAAP Operating Margin 36.3%
  • Record Q3 Diluted EPS: GAAP $1.57; Non-GAAP $1.64
  • Returns $298.0 Million to Shareholders via Share Buybacks and Dividends
  • Guides Q4 FY18 Revenue up 11 to 13% and Non-GAAP Diluted EPS up 16% Sequentially
  • Increases Quarterly Dividend by 19% to $0.38 Per Share

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