3 June 2014

Skyworks raises June-quarter revenue guidance from $535m to $570m

Skyworks Solutions Inc of Woburn, MA, USA (which manufactures analog and mixed-signal semiconductors) has raised its revenue guidance for fiscal third-quarter 2014 (to end-June) – given on 22 April – from $535m (up 11% on the March quarter’s $481m and 23% on $436.1m a year previously) to $570m (up 19% and 31%, respectively).

The firm has also raised its guidance for non-GAAP diluted earnings per share from $0.73 (up 18% on the March quarter’s $0.62 and 35% on $0.54 a year previously) to $0.80 (up 29% and 48%, respectively).

“Skyworks is capitalizing on the growing opportunity within the Internet of Things as well as increasing analog complexity associated with higher-data-rate connectivity standards, both of which are enabling us to substantially outpace the growth of the broader semiconductor market,” says chairman & CEO David J. Aldrich. “These macro trends continue to validate our investments in highly differentiated, custom solutions that are facilitating an expanding set of end markets. Based on our design-win traction and order visibility, we anticipate continued strength beyond the June quarter as our products continue to gain momentum,” he adds.

“We also expect our recently announced joint venture with Panasonic to further enrich our systems capabilities, broaden our technology portfolio and enhance our financial returns,” says executive VP & chief financial officer Donald W. Palette. “We anticipate the Panasonic transaction will provide at least 100 basis points of gross margin accretion in fiscal 2015, paving the way for continued top- and bottom-line outperformance for the foreseeable future.”

See related items:

Skyworks and Panasonic form 66:34 joint venture for high-performance filters

Skyworks' reports above-target 13% year-on-year growth to $481m quarterly revenue

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Visit: www.skyworksinc.com