Skyworks Solutions has exceeded its fourth quarter revenue guidelines with $880.8 million in revenue, up 23 percent year-over-year. The Company's guidance was $875 million. On a non-GAAP basis, operating income for the fourth fiscal quarter of 2015 was $335.2 million, up 42 percent from $235.7 million in the fourth fiscal quarter of 2014. Non-GAAP diluted earnings per share for the fourth fiscal quarter was $1.52, $0.01 better than guidance and up 36 percent from the $1.12 reported for the fourth fiscal quarter of 2014. On a GAAP basis, operating income for the fourth fiscal quarter of 2015 was $297.6 million and diluted earnings per share was $1.18.
For fiscal year 2015, revenue was $3.26 billion, up 42 percent from fiscal 2014, while non-GAAP diluted earnings per share was $5.27, up 63 percent year-over-year. GAAP diluted earnings per share for fiscal 2015 was $4.10.
Skyworks is playing an important role in enabling major technology advancements within mobile connectivity, streaming media services, and the Internet of Things. Entering fiscal 2016, they are well positioned to continue delivering growth and profitability in excess of the broader semiconductor market.
Q4 Business Highlights
- Captured Wi-Fi, Bluetooth and ZigBee® content in the Google OnHub Connected Home Gateway with a suite of 20 devices
- Launched tuning and connectivity ICs in Huawei's Nexus 6P smartphone platform
- Extended momentum in the connected home with ZigBee® front-end modules in Samsung's SmartThingsTM suite of products
- Expanded presence in a leading small-cell BTS platform with $25 of content
- Unveiled SkyOne® and diversity receive modules in ZTE's Axon smartphone
- Secured display backlight and power management functionality in LG infotainment centers for upcoming Hyundai models
- Powered Arris DOCSIS 3.0 cable modem for Time Warner deployments
- Supported Moto X smartphone with five devices including TrueFlash™ dual LED camera flash IC
- Introduced ZigBee® solutions for Philips' latest smart lighting hub
First Fiscal Quarter 2016 Outlook
Fiscal 2015 was a record year for Skyworks across all metrics. For the first fiscal quarter of 2016, they anticipate revenue between $925 million and $930 million, with non-GAAP gross margin in the range of 51 percent. They forecast non-GAAP diluted earnings per share of $1.60.
Dividend Payout
Skyworks' Board of Directors declared a cash dividend of $0.26 per share of the Company's common stock, payable on December 10, 2015 to stockholders of record at the close of business on November 19, 2015.
