Skyworks Solutions has announced the fourth fiscal quarter and fiscal year-end results for the period ended September 27, 2019. Revenue for the fourth fiscal quarter of 2019 was $827.4 million, up 8 percent sequentially. For the fiscal year 2019, revenue was $3.377 billion, with GAAP diluted earnings per share of $4.89. Non-GAAP diluted earnings per share for the fiscal year 2019 were $6.17.
Skyworks delivered solid financial results in the fourth fiscal quarter, closing a year that saw extraordinary market volatility and change. Their systems-level approach, highlighted by the Sky5 platform, now includes strategic capabilities in BAW, Wi-Fi 6, MIMO and custom diversity receive. Collectively, these solutions are unleashing the true potential of 5G – successfully providing a range of options to the customers while increasing the value and utility of each usage case.
Fourth Fiscal Quarter Business Highlights
- Accelerated ramp of Sky5 portfolio supporting multiple 5G launches
- Powered Samsung’s suite of 4G mobile devices and their first foldable 5G smartphone
- Enabled LG’s V50ThinQ flagship 5G handset featuring an OLED display and dual screens
- Supported leading infrastructure customers with 5G small cell architectures
- Secured Wi-Fi 6 design wins with Netgear in their Orbi and Nighthawk platforms
- Delivered LTE-powered IoT engines across Sierra Wireless industrial gateways and transportation platforms
- Commenced volume production of high-performance mesh network connectivity modules for Amazon, Juniper, and Ruckus
- Ramped fully integrated LTE solutions with major automotive manufacturers
- Shipped Zigbee ultra-low-power devices for a tier-one home security provider
- Expanded reach at Sonos, enabling their indoor/outdoor portable smart speakers
- Introduced cognitive chipsets for ultra-low latency, next-generation wireless gaming headsets
First Fiscal Quarter 2020 Outlook
Strategic product ramps, content gains and an expanding footprint across a broad set of customers, end markets and applications are expected to drive sequential revenue and earnings growth in the December quarter. Specifically, in the first fiscal quarter of 2020, they anticipate revenue to be between $870 and $890 million with non-GAAP diluted earnings per share of $1.65 at the midpoint of our revenue range.
Dividend Payment
Skyworks’ Board of Directors has declared a cash dividend of $0.44 per share of the Company’s common stock, payable on December 24, 2019, to stockholders of record at the close of business on December 3, 2019.
