Skyworks Beats Estimates on Q1 Revenue

The semiconductor maker exceeds the market's anticipations for top line, and gives encouraging guidance going forward.

Eric Volkman
Eric Volkman
Jan 30, 2013 at 6:58PM
Technology and Telecom

Skyworks (NASDAQ:SWKS) has posted its Q1 2013 results. The company revenue amounted to $454 million, a 15% increase over the same period last year. That figure was several million dollars higher than the $451 million expected by analysts. Non-GAAP net income was $107 million, or $0.55 per diluted share. This generally matched market expectations, and was 11% higher than Q1 2012's number.

In its earnings release, Skyworks also provided guidance for its current quarter. The company quoted its CFO Donald Palette as saying:

We anticipate revenue to be up 15 percent year-over-year with better than normal seasonality to approximately $420 million with non-GAAP diluted earnings per share of $0.47.