https://www.ariva.de/news/skyworks-reports-q2-fy24-results-11230342kyworks Reports Q2 FY24 Results
Dienstag, 30.04.2024 20:01 von Businesswire - Aufrufe: 45
Skyworks Solutions, Inc. (Nasdaq: SWKS), an innovator of high-performance analog and mixed-signal semiconductors connecting people, places and things, today reported second fiscal quarter results for the period ended March 29, 2024.
Revenue for the second fiscal quarter of 2024 was $1.046 billion. On a GAAP basis, operating income for the second fiscal quarter was $189.2 million with diluted earnings per share of $1.14. On a non-GAAP basis, operating income was $279.1 million with non-GAAP diluted earnings per share of $1.55.
“Skyworks delivered solid results and strong cash generation in a challenging macroeconomic environment,” said Liam K. Griffin, chairman, chief executive officer and president of Skyworks. “During the March quarter, in our mobile business, we saw below normal seasonal trends, with lower-than-expected end market demand. Over the long-term, we intend to leverage our connectivity technology across edge-connected IoT devices, automotive electrification and advanced safety systems, and AI infrastructure.”
Second Fiscal Quarter Business Highlights
Delivered integrated platforms to the leading 5G smartphone OEMs, including flagship and mid-tier launches at Samsung, Google and Oppo
Expanded our design win pipeline and initiated new programs in automotive, including infotainment systems, traction inverters, cloud-enhanced driver-assist and CV2X on-board units
Secured several audio SoC design wins for wireless gaming and soundbars with PlayStation® and Samsung
Third Fiscal Quarter 2024 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 earnings release for a further discussion of our use of non-GAAP measures, including quantification of known expected adjustment items.
“For the June quarter, we expect revenue to be $900 million, plus or minus 2%,” said Kris Sennesael, senior vice president and chief financial officer of Skyworks. “At the mid-point of the revenue range, we anticipate non-GAAP diluted earnings per share of $1.21. We expect our mobile business to be down sequentially, below normal seasonal patterns, as excess inventory clears. In broad markets, we anticipate further modest growth as inventory levels appear to be normalizing in certain end markets.”
Dividend Payment
Skyworks’ board of directors has declared a cash dividend of $0.68 per share of the Company’s common stock, payable on June 11, 2024, to stockholders of record at the close of business on May 21, 2024.
Skyworks’ Second Quarter 2024 Conference Call
Skyworks will host a conference call with analysts to discuss its second quarter fiscal 2024 results and business outlook on April 30, 2024, at 4:30 p.m. EDT.
To listen to the conference call, please visit the investor relations section of Skyworks’ website at
https://investors.skyworksinc.com/events-presentations. Playback of the conference call will be available on Skyworks’ website at
www.skyworksinc.com/investors beginning at 9 p.m. EDT on April 30, 2024. Additionally, a transcript of the Company’s prepared remarks will be made available on our website promptly after their conclusion during the call.
About Skyworks
Skyworks Solutions, Inc. is empowering the wireless networking revolution. Our highly innovative analog and mixed-signal semiconductors are connecting people, places and things spanning a number of new and previously unimagined applications within the aerospace, automotive, broadband, cellular infrastructure, connected home, defense, entertainment and gaming, industrial, medical, smartphone, tablet and wearable markets.
Skyworks is a global company with engineering, marketing, operations, sales and support facilities located throughout Asia, Europe and North America and is a member of the S&P 500® market index (Nasdaq: SWKS). For more information, please visit Skyworks’ website at:
www.skyworksinc.com 
