Skyworks Solutions (SWKS) Tops Q2 EPS by 2c

Skyworks Solutions (NASDAQ: SWKS) reported Q2 EPS of $2.37, $0.02 better than the analyst estimate of $2.35. Revenue for the quarter came in at $1.17 billion versus the consensus estimate of $1.15 billion.

“Skyworks’ record second quarter results reflect sustained leadership across a rapidly expanding set of end markets and customers, supported by our cutting-edge technologies and world-class manufacturing facilities,” said Liam K. Griffin, president and chief executive officer of Skyworks. “Importantly, our broad markets portfolio continues to gain momentum, with strong sequential and year-over-year growth.

“Moving forward, our core business combined with our pending acquisition of the Infrastructure and Automotive business of Silicon Labs position Skyworks to capture an outsized portion of the opportunities that lie ahead.”

GUIDANCE:

Skyworks Solutions sees Q3 2021 EPS of $2.13, versus the consensus of $2.10. Skyworks Solutions sees Q3 2021 revenue of $1.075-1.125 billion, versus the consensus of $1.07 billion.

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

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