Skyworks reported its third fiscal quarter results for the period ended June 29, 2018. Revenue for the third fiscal quarter once again exceeded estimates.
Third Fiscal Quarter Business Highlights
- Expanded Sky5 suite with 5G antenna tuners
- Launched connected street lighting modules with Philips for smart cities
- Partnered with Sierra Wireless on LTE CAT-12 data cards for M2M applications
- Commenced production of access solutions for Cisco’s enterprise systems
- Enabled telematics at BMW and General Motors
- Extended reach within Linksys’ new dual-band mesh networks
- Ramped connectivity engines for Amazon’s voice-enabled 4K Fire TV platforms
- Increased footprint across Nest thermostats, fire detectors and video doorbells leveraging Bluetooth Low Energy, Zigbee, Thread and Wi-Fi protocols
- Unveiled networking products supporting AT&T/DIRECTV routers
- Introduced high-precision GPS functionality improving ride-sharing, mobile payment and fleet management services
- Deployed massive MIMO base station architectures with a leading European infrastructure provider
Key Financial Highlights
- Delivers Revenue of $894.3 Million
- GAAP Operating Margin 34.3%; Non-GAAP Operating Margin 36.3%
- Record Q3 Diluted EPS: GAAP $1.57; Non-GAAP $1.64
- Returns $298.0 Million to Shareholders via Share Buybacks and Dividends
- Guides Q4 FY18 Revenue up 11 to 13% and Non-GAAP Diluted EPS up 16% Sequentially
- Increases Quarterly Dividend by 19% to $0.38 Per Share
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