7 June 2011

Skyworks affirms above-market growth outlook

Skyworks Solutions Inc of Woburn, MA, USA, which manufactures high-reliability analog and mixed-signal semiconductors, has announced (ahead of this week's non-deal road show of investor meetings) that it is affirming its outlook for above-market growth (excluding its recently announced acquisitions).

In late April, Skyworks gave guidance for fiscal third-quarter 2011 (to end-June) for revenue to rise 6% from fiscal Q2's $325.4m to a record of about $345m, and for non-GAAP diluted earnings per share to rise from $0.41 to $0.46. Further, the firm also indicated that it was on a path to approach a $1.5bn annual revenue run rate, with $2 in annualized non-GAAP diluted earnings per share in the September quarter. The firm says that this growth outlook is being driven by its broad customer base, diversification into new markets, and increasing share gains.

“Skyworks’ core business continues to outperform our addressed markets, and we believe this will be clearly reflected in our performance and guidance,” says VP & chief financial officer Donald W. Palette. “To be clear, our revenue and non-GAAP earnings outlook for both the June and September quarters is before we add the accretive SiGe and Advanced Analogic Technologies acquisitions,” he adds.

See related items:

Skyworks’ revenue exceeds guidance, up 37% year-on-year

Skyworks grows revenue 7% to record $335.1m

Skyworks’ revenue exceeds revised guidance; up 14% to record $313.3m

Skyworks grows revenue 44% year-on-year to $275.4m

Tags: Skyworks

Visit: www.skyworksinc.com