Skyworks Solutions (SWKS) Tops Q1 EPS by 7c; Issues Strong Q2 Outlook

Skyworks Solutions (NASDAQ: SWKS) reported Q1 EPS of $1.26, $0.07 better than the analyst estimate of $1.19. Revenue for the quarter came in at $805.5 million versus the consensus estimate of $772.54 million.

Skyworks Solutions sees Q2 2015 EPS of $1.12, versus the consensus of $1.04. Skyworks Solutions sees Q2 2015 revenue of $750 million, versus the consensus of $708.7 million.

“We are off to a solid start to fiscal 2015,” said David J. Aldrich, chairman and chief executive officer of Skyworks. “Our business results are being fueled by a global surge in connectivity across a wide-ranging set of applications and by the increase in analog-rich content that is required to power today’s most innovative devices. Skyworks is at the forefront of this technology advancement—facilitating secure, high-speed, seamless connections through our integrated solutions. As our results show, we are capitalizing on these trends today—driving superior financial returns for shareholders.”

For earnings history and earnings-related data on Skyworks Solutions (SWKS) click here.

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