Skyworks Solutions has reported second fiscal quarter results for the period ending April 3, 2015. Revenue for the second fiscal quarter was $762.1 million, up over 58 percent year-over-year and exceeding the Company's original guidance of $750 million. On a non-GAAP basis, operating income for the second fiscal quarter of 2015 was $258.9 million, up 99 percent from $130.4 million in the second fiscal quarter of 2014. Non-GAAP diluted earnings per share for the second fiscal quarter was $1.15, three cents better than guidance and up more than 85 percent from the $0.62 reported for the second fiscal quarter of 2014. On a GAAP basis, operating income for the second fiscal quarter of 2015 was $219.9 million and diluted earnings per share was $0.85.
Q2 Business Highlights
- Powered Sierra Wireless' M2M modules for use in industrial applications
- Enabled Samsung's Galaxy S6 platform with SkyOne® Ultra, switching and connectivity products
- Launched integrated Wi-Fi module for the leading video monitoring provider
- Secured multiple design wins for OnStar telematics platform in GM's global fleet
- Ramped switching and connectivity solutions for Nexus 6 smartphones
- Gained high reliability analog content in public safety radios for Harris and Sepura
- Expanded diversity receive portfolio to support multiple device configurations
- Delivered Zigbee® front-end modules for Kwikset's intelligent security products
- Captured over 20 sockets in a next-generation small cell LTE base station
- Introduced 802.11ac front-end solutions for Xiaomi's latest home router platform
Third Fiscal Quarter 2015 Outlook
For the third fiscal quarter of 2015, Skyworks anticipates revenue to be $800 million with gross margin of 48 percent, creating a new baseline of profitability and resulting in diluted earnings per share of $1.28 on a non-GAAP basis.
