Skyworks Solutions (NASDAQ: SWKS) reported Q2 EPS of $1.47, $0.04 better than the analyst estimate of $1.43. Revenue for the quarter came in at $810 million versus the consensus estimate of $810.03 million.

“Leveraging the strength of our business model and momentum across our high-growth broad markets and Internet of Things portfolio, Skyworks delivered another quarter of solid performance,” said Liam K. Griffin, president and chief executive officer of Skyworks. “At a higher level, our advanced connectivity solutions are enabling the critical wireless protocols that form the backbone of today’s mobile economy. From data center to cloud, media and entertainment, to e-commerce and ride-hailing services, our innovative technology is underpinning the newest generation of connected applications. As we transition to 5G, these connections become increasingly more important. Through our unique systems expertise, strategic partnerships and global scale, Skyworks is well positioned to address the technical challenges and complexity of 5G, capitalizing on a new era of unprecedented opportunity.”

GUIDANCE:

Skyworks Solutions sees Q3 2019 EPS of $1.50, versus the consensus of $1.50. Skyworks Solutions sees Q3 2019 revenue of $815-835 million, versus the consensus of $827.85 million.

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