-=Skyworks (SWKS) reported earnings on Mon 2 Nov 20 (a/h)

 

Skyworks beats by $0.33, beats on revs; guides Q1 EPS above consensus, revs above consensus

Reports Q4 (Sep) earnings of $1.85 per share, excluding non-recurring items, $0.33 better than the S&P Capital IQ Consensus of $1.52; revenues rose 15.7% year/year to $956.6 mln vs the $840.61 mln S&P Capital IQ Consensus.

Co issues upside guidance for Q1, sees EPS of $2.06, excluding non-recurring items, vs. $1.80 S&P Capital IQ Consensus; sees Q1 revs of $1.04-1.07 bln vs. $931.45 mln S&P Capital IQ Consensus.

"With 5G technology launches now well under way, we are ramping our innovative Sky5 solutions in a rapidly expanding set of end markets, from mobile to IoT, automotive and wireless infrastructure. Increased demand for reliable, ultra-fast wireless connections in our homes, businesses, schools and medical facilities is driving strong momentum throughout our product portfolio, positioning Skyworks for continued growth."