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Skyworks Solutions revenue $926.8 million, up 15%

Staff writer ▼ | January 29, 2016
Skyworks SolutionsSkyworks Solutions reported 2016 first fiscal quarter results for the period ending January 1, 2016. Revenue was $926.8 million, up 15% year-over-year.
Skyworks Solutions
Skyworks Solutions   A 5 percent increase sequentially
This is a 5 percent increased sequentially, exceeding the First Call consensus estimate of $915.7 million.

On a non-GAAP basis, operating income for the first fiscal quarter of 2016 was $366.6 million, up 30 percent from $282.0 million in the first fiscal quarter of 2015.

Non-GAAP diluted earnings per share for the first fiscal quarter was $1.60, $0.02 better than the First Call consensus of $1.58, and up 27 percent from the first fiscal quarter of 2015. On a GAAP basis, operating income for the first fiscal quarter of 2016 was $330.5 million and diluted earnings per share was $1.82.

"Skyworks delivered solid financial results in the first fiscal quarter of 2016 driven by our diversification across customers, markets and applications," said David J. Aldrich, chairman and chief executive officer of Skyworks.

"Leveraging our proprietary and highly integrated system solutions, we continue to increase our addressable content, gain market share and capitalize on global demand for ubiquitous network access.

"At a higher level, we are executing on our vision of connecting everyone and everything, all the time, and are uniquely positioned to sustainably outperform the broader semiconductor industry."


 

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