Skyworks' (SWKS) Q4 Earnings Beat Estimates, Revenues Up Y/Y
Zacks Investment Research | Nov 08, 2018 08:14PM ET
Skyworks Solutions Inc. (NASDAQ:SWKS) delivered fourth-quarter fiscal 2018 non-GAAP earnings of $1.94 per share, which beat the Zacks Consensus Estimate of $1.91 per share. Earnings also came above management’s guidance of $1.91 per share. The figure improved 6.6% from the year-ago quarter.
Revenues of $1.008 billion were up 2.3 % year over year and 13% sequentially, primarily due to robust design wins in mobile business and Internet of Things (IoT).
Further, the revenue figure marginally surpassed the Zacks Consensus Estimate of $1.001 billion and exceeded management’s guidance of $1 billion.
Mobile contributed almost 72% of revenues, while the rest came from broad markets. Notably, the company unveiled various high performance mobile solutions which in turn offset unit declines in premium smartphones and weakness in China. This was another positive during the reported quarter.
The better-than-expected performance reflected Skyworks’ growing clout in the Internet-of-Things (IoT) solutions and 5G applications.
Skyworks Solutions, Inc. Revenue (TTM)
Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.