Skyworks Reports Q2 FY22 Results
- Delivers Record Second Quarter Revenue of
$1.336 Billion , up 14% Y-o-Y - Posts GAAP Diluted EPS of
$1.86 and Non-GAAP Diluted EPS of$2.63 - Returns
$509 Million to Stockholders in Dividends and Share Repurchases - Guides to Double-Digit Y-o-Y Revenue and Earnings Growth in Q3 FY22
Revenue for the second fiscal quarter of 2022 was
“Skyworks delivered record second quarter results, with double-digit year-over-year growth in both revenue and non-GAAP earnings per share,” said
Second Fiscal Quarter Business Highlights
- Shipped
Sky5 ® platforms across the leading 5G smartphone OEMs, including flagship launches at Google and Samsung, among others - Debuted the industry’s first Wi-Fi 6E gaming router featuring ultra-fast quad band performance
- Partnered with T-Mobile for their integrated 5G home routers
- Powered Comcast’s latest Wi-Fi 6E residential gateways
- Embedded
Sky5 technology in rugged mobile computing devices for industrial-grade factory automation and last-mile delivery - Delivered next-generation wireless technology to multiple top 10 automotive OEMs
- Captured design wins at leading equipment and service providers for 5G macro and small cell deployments
- Provided high-performance clock solutions to Hughes Network Systems, supporting OneWeb’s Low Earth Orbit (LEO) satellite network
- Scaled volume production of timing applications, powering 800G core optical routers at leading data center infrastructure providers
Third Fiscal Quarter 2022 Outlook
We provide earnings guidance on a non-GAAP basis because certain information necessary to reconcile such guidance to GAAP is difficult to estimate and dependent on future events outside of our control. Please refer to the attached Discussion Regarding the Use of Non-GAAP Financial Measures in this press release for a further discussion of our use of non-GAAP measures, including quantification of known expected adjustment items.
“Despite recent pandemic-related supply chain disruptions, we expect double-digit year-over-year revenue and earnings growth in the June quarter,” said
Dividend Payment
Skyworks’ board of directors has declared a cash dividend of
Skyworks’ Second Quarter 2022 Conference Call
Playback of the conference call will begin today,
About
Safe Harbor Statement
This news release includes “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, information relating to future results and expectations of
These risks, uncertainties and other important factors include, but are not limited to: the effects on our business operations of the global COVID-19 pandemic, including the spread of more contagious variants of the virus that causes COVID-19, as well as of the measures taken to limit COVID-19’s spread, including measures implemented in certain of our manufacturing facilities that may lead to reduced production levels, as well as potential other disruptions to our business, including but not limited to the suspension or restriction of operations at our facilities and third-party supply chain disruptions, that could result from social distancing measures, employee quarantines, restricting certain employees from working or additional actions that may be taken by us, our suppliers and partners or governmental authorities in the jurisdictions in which we operate in an effort to contain the COVID-19 pandemic; the susceptibility of the semiconductor industry and the markets addressed by our, and our customers’, products to economic cycles; our reliance on a small number of key customers for a large percentage of our sales; the availability and pricing of third-party semiconductor foundry, assembly and test capacity, raw materials, supplier components, equipment and shipping and logistics services, including limits on our customers’ ability to obtain such services and materials; our ability to realize the anticipated benefits from the transaction with Silicon Laboratories Inc. (“Silicon Labs”), including the ability to successfully integrate the assets acquired and employees transferred; the risks of doing business internationally, including increased import/export restrictions and controls (e.g., our ability to sell products to certain specified foreign entities only pursuant to a limited export license from the
The forward-looking statements contained in this news release are made only as of the date hereof, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
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