Aug 5, 08:14 PM

Skyworks Reports Q3 Revenue $965M, GAAP EPS $0.70, Raises Dividend 1%, Forecasts Q4 Revenue $1B–$1.03B and Adjusted EPS $1.40

Skyworks Solutions Inc., a key supplier for Apple, reported third-quarter revenue of $965 million, surpassing the consensus estimate of $940.8 million. The company posted a GAAP diluted earnings per share (EPS) of $0.70 and an adjusted EPS of $1.33, beating the estimated $1.22. Adjusted operating income reached $224 million, exceeding the expected $212.2 million. Skyworks generated year-to-date operating cash flow of $1.1 billion and free cash flow of $962 million. The company declared a quarterly dividend of $0.71 per share, marking a 1% increase. For the fourth quarter, Skyworks forecasted revenue between $1 billion and $1.03 billion, with an adjusted EPS of $1.40, both above market expectations. The strong guidance is driven by robust demand across mobile, automotive, Internet of Things (IoT), and data center markets, contributing to a share price increase of approximately 7.6% to 8%.

#Apple #Skyworks #Internet of Things #IoT

Written with ChatGPT (GPT-4).

Sources

Additional media

Image #1 for story skyworks-reports-q3-revenue-965m-gaap-eps-0-70-raises-dividend-1-forecasts-q4-1b-18a6322c

Image #2 for story skyworks-reports-q3-revenue-965m-gaap-eps-0-70-raises-dividend-1-forecasts-q4-1b-18a6322c