Skyworks Solutions has reported its second fiscal quarter results for the period ending April 1, 2016. Revenue for the second quarter was $775.1 million, up 2 percent year-over-year and consistent with the company guidance.
On a non-GAAP basis, operating income for the second fiscal quarter of 2016 was $285.0 million, up 10 percent from $258.9 million in the second fiscal quarter of 2015. Non-GAAP diluted earnings per share for the second fiscal quarter was $1.25, $0.01 better than guidance and up 9 percent from $1.15 in the second fiscal quarter of 2015. On a GAAP basis, operating income for the second fiscal quarter of 2016 was $257.7 million and diluted earnings per share was $1.08.
Q2 Business Highlights
- Delivered world's first front-end solution optimized for LTE Cat-M (Machine-to-Machine) applications
- Powered Cisco's large enterprise access point system with 16 analog solutions
- Enabled Iotera's GPS industrial tracking devices
- Leveraged connectivity modules to power Arris and Liberty Global set-top boxes
- Partnered with leading infrastructure provider to deliver world's first commercial Gigabit LTE system
- Unveiled SkyBlue™, a revolutionary technology enhancing RF power capability and efficiency in front-end solutions
- Powered Huawei's P9 flagship LTE platform with 10 solutions
- Expanded list of OEMs leveraging SkyOne® integrated platform
- Increased blended content by 20 percent across Samsung's Galaxy S7 smartphones
- Supported next generation launches at Lenovo, OPPO, Vivo, Xiaomi and ZTE
Looking ahead, they are well positioned to continue capitalizing on the powerful connectivity and Internet of Things trends as they deliver higher value solutions with superior performance and functionality across new markets, applications and customers.
