The 10-second takeaway
For the quarter ended Sep. 28 (Q4), Skyworks Solutions met expectations on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share dropped.
Margins dropped across the board.
Skyworks Solutions recorded revenue of $421.1 million. The 16 analysts polled by S&P Capital IQ predicted net sales of $420.5 million on the same basis. GAAP reported sales were 4.7% higher than the prior-year quarter's $402.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.53. The 18 earnings estimates compiled by S&P Capital IQ predicted $0.52 per share. GAAP EPS of $0.32 for Q4 were 5.9% lower than the prior-year quarter's $0.34 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 42.2%, 120 basis points worse than the prior-year quarter. Operating margin was 17.8%, 170 basis points worse than the prior-year quarter. Net margin was 14.6%, 140 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $450.5 million. On the bottom line, the average EPS estimate is $0.56.
Next year's average estimate for revenue is $1.78 billion. The average EPS estimate is $2.16.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 663 members out of 698 rating the stock outperform, and 35 members rating it underperform. Among 132 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 122 give Skyworks Solutions a green thumbs-up, and 10 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Skyworks Solutions is buy, with an average price target of $32.47.
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