On April 25, mixed signal semiconductor maker Skyworks Solutions (NASDAQ:SWKS) released second-quarter earnings for the period ended March 30.

  • Things seem to be looking up for the firm's new business model, and investors agreed by sending the stock up 20%.
  • For the third quarter, management expects growth from several new product lines to largely offset the weakness of top-tier handsets. Look for pro forma EPS in the range of $0.08 to $0.11.  
  • Skyworks is but a one-star stock in Motley Fool CAPS.

(Figures in millions, except per-share data)

Income Statement Highlights

Q2 2007

Q2 2006

Change

Sales

$180.2

$185.2

(2.7%)

Net Profit

$12.2

$0.9

1,217.2%

EPS

$0.08

$0.01

700.0%

Diluted Shares

162.0

159.6

1.5%

Get back to basics with the income statement.

Margin Checkup

Q2 2007

Q2 2006

Change*

Gross Margin

38.1%

37.4%

0.7

Operating Margin

7.2%

1.4%

5.9

Net Margin

6.8%

0.5%

6.3

*Expressed in percentage points.

Margins are the earnings engine.

Balance Sheet Highlights

Assets

Q2 2007

Q2 2006

Change

Cash + ST Invest.

$222.8

$177.0

25.9%

Accounts Rec.

$161.2

$172.8

(6.7%)

Inventory

$76.2

$92.8

(17.9%)

Liabilities

Q2 2007

Q2 2006

Change

Accounts Payable

$60.7

$74.7

(18.8%)

Long-Term Debt

$200.0

$179.3

11.5%

The balance sheet reflects the company's health.

Cash Flow Highlights
No data available. Perhaps next time?

Free cash flow is a Fool's best friend.

Related Foolishness:

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