Skyworks Solutions has reported their first fiscal quarter results for the period ending December 30, 2016. Revenue for the first fiscal quarter was up 9.4 percent totaling $914.3 million. This exceeded their estimates of $902.7 million.
On a GAAP basis, operating income for the first fiscal quarter of 2017 was $321.9 million with diluted earnings per share of $1.38. On a non-GAAP basis, operating income was $354.3 million with record non-GAAP diluted earnings per share of $1.61, $0.03 better than the Company's guidance and consensus estimates. Cash flow from operations for the quarter was also a record $495.9 million.
Business Highlights for the First Fiscal Quarter
- Secured SkyOne, custom diversity receive system and high band PAD wins across tier-one OEMs
- Leveraged SkyBlue™ enabling technology for Huawei's Mate9 smartphones
- Enabled Wi-Fi mesh solutions at Linksys and Ubiquiti Networks
- Delivered low noise amplifiers to leading networking OEMs for MIMO architectures
- Shipped front-end modules for Comcast's DOCSIS 3.1 broadband gateways
- Expanded LTE content across Oppo, Vivo, Meizu and Xiaomi platforms
- Powered telematics modems for U.S. electric auto manufacturer
- Captured sockets across leading drone customers
- Supported Amazon's Alexa, Google Home and Microsoft's Cortana virtual assistants
- Designed into Alps' vehicle-to-vehicle intelligent transportation system
- Deployed automotive solutions with Samsung for remote diagnostic applications
- Launched ZigBee modules for remote temperature monitoring devices
- Ramped multiple solutions enabling NetGear's home security cameras
