Fourth Fiscal Quarter Business Highlights
Partnered with Vodafone to launch the United Kingdom’s first Wi-Fi 6E broadband gateway
Shipped into Tri-Band fiber gateway platforms for Frontier Communications
Launched advanced connectivity solutions with Amazon supporting their Wi-Fi 6 power-over-ethernet access points
Delivered integrated platforms to the leading 5G smartphone OEMs, including flagship and mid-tier launches at Google and Samsung, among others
Provided programmable timing solutions for a leading optical transport OEM, simplifying 100G/400G capacity expansion in data centers and telco network deployments
Captured new 5G designs at Samsung enabling service providers to expand mid-band capacity and coverage
Leveraged our comprehensive timing technologies with a leading O-RAN small cell provider
Secured key automotive digital radio platforms with the global EV leader and a top European luxury brand
Powered energy management solutions for a leader in the smart home market
Received a Key Supplier Award from Schneider Electric, highlighting the unique capabilities of Skyworks’ growing power isolation portfolio
First Fiscal Quarter 2023 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.
“Given broad demand weakness, we expect revenue to decline on a sequential basis,” said Kris Sennesael, senior vice president and chief financial officer of Skyworks. “Specifically, in the first fiscal quarter of 2023, we anticipate revenue to be between $1.300 billion and $1.350 billion with non-GAAP diluted earnings per share of $2.59 at the midpoint of our revenue range.”
Dividend Payment
Skyworks’ board of directors has declared a cash dividend of $0.62 per share of the Company’s common stock, payable on Dec. 13, 2022, to stockholders of record at the close of business on Nov. 22, 2022.
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