Skyworks exceeds Q3 FY18 expectations

Skyworks Solutions, Inc. (NASDAQ: SWKS) an innovator of high performance analog semiconductors connecting people, places and things, has reported third fiscal quarter results for the period ended June 29, 2018, the company said.

Revenue for the third fiscal quarter was USD 894.3 million, exceeding consensus estimates.

On a GAAP basis, operating income for the third fiscal quarter of 2018 was USD 306.3 million with record Q3 diluted earnings per share of USD 1.57. On a non-GAAP basis, operating income was USD 324.8 million with record Q3 non-GAAP diluted earnings per share of USD 1.64, USD 0.05 better than company guidance.

Skyworks Solutions, Inc. is empowering the wireless networking revolution. Its analog semiconductors are connecting people, places and things spanning a number of new and previously unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets. For more information, visit Skyworks´ website at: www.skyworksinc.com.