News

1 December 2008

 

Skyworks lowers quarterly revenue guidance from $240m to $210-215m

Despite strong order backlog, Skyworks Solutions Inc of Woburn, MA, USA, which manufactures linear products, power amplifiers, front-end modules and radio solutions for handset and infrastructure equipment, has lowered its revenue guidance for fiscal first-quarter 2009 (to end-December 2008) from $240m (given on 6 November) to just $210-215m. Although no less than $210.5m a year ago, this is down 8-10% on last quarter’s record revenue of $232.6m.

“We are lowering our guidance to reflect weakness in the handset and broader analog markets,” says Donald W. Palette, VP & chief financial officer. “Our 8-10% sequential revenue decline is being driven by recent customer inputs and bookings levels, which point to a broad-based slowdown in several of our end markets,” he adds.

“Nevertheless, our diversification, market share gains [e.g. from struggling rival Anadigics] and balance sheet strength are enabling us to maintain strong financial performance during the downturn,” Palette claims.

See related items:

Skyworks grows 22% year-on-year to record $233m revenue

Anadigics cuts 15% of workforce

Anadigics’ revenue falls more-than-expected 28%

Anadigics slashes Q3 revenue guidance from $75-81m to $62-65m

Skyworks grows faster-than-expected 23% year-on-year

Skyworks exceeds $200m quarterly revenue guidance

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Visit: www.skyworksinc.com