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Last $94.41 USD
Change Today -1.27 / -1.33%
Volume 634.7K
SWKS On Other Exchanges
Symbol
Exchange
Munich
As of 10:22 AM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

skyworks solutions inc (SWKS) Key Developments

Skyworks Solutions Inc. Announces Victoria Vezina Ceases as Vice President, Human Resources

Victoria Vezina, the Vice President, Human Resources of Skyworks Solutions Inc. ceased to be employed by the company effective July 21, 2015.

Skyworks Solutions Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended July 3, 2015; Provides Earnings Guidance for the Fourth Quarter of Fiscal 2015; Provides Tax Rate Guidance for the Fiscal 2016

Skyworks Solutions Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended July 3, 2015. For the quarter, the company reported net revenue of $810 million compared to $587 million a year ago. Operating income was $258.8 million compared to $148.5 million a year ago. Income before income taxes was $259.4 million compared to $148.5 million a year ago. Net income was $207.4 million or $1.06 per diluted share compared to $111.4 million or $0.58 per diluted share a year ago. Non-GAAP operating income was $295.4 million compared to $179.1 million a year ago. Non-GAAP net income was $262.5 million or $1.34 per diluted share compared to $160.8 million or $0.83 per diluted share a year ago. The company generated $222 million in cash flow from operations, invested $108 million in capital expenditures. For the nine months, the company reported net revenue of $2,377.6 million compared to $1,573.2 million a year ago. Operating income was $725.5 million compared to $367.1 million a year ago. Income before income taxes was $727.4 million compared to $367 million a year ago. Net income was $569.1 million or $2.92 per diluted share compared to $282.8 million or $1.47 per diluted share a year ago. Non-GAAP operating income was $836.2 million compared to $451.3 million a year ago. Non-GAAP net income was $731.8 million or $3.75 per diluted share compared to $407.1 million or $2.12 per diluted share a year ago. For the fourth fiscal quarter of 2015, the company anticipates revenue of $875 million, with non-GAAP gross margin in the 50% range and non-GAAP operating margin above 38%. From this new baseline of profitability, the company forecasts non-GAAP diluted earnings per share of $1.51. It expects operating expenses to be $104 million to $105 million, driven primarily by incremental investments in engineering and development teams. The company expects fourth quarter operating margins to exceed 38%. Below the line, it anticipates around $900,000 in income from interest and other income and a cash tax rate around 11.5%. For fiscal 2016, the company continues to recommend modeling a cash tax rate in the 14% to 15% range.

Skyworks Solutions Inc. to Report Q3, 2015 Results on Jul 23, 2015

Skyworks Solutions Inc. announced that they will report Q3, 2015 results at 5:00 PM, US Eastern Standard Time on Jul 23, 2015

Skyworks Solutions Inc., Q3 2015 Earnings Call, Jul 23, 2015

Skyworks Solutions Inc., Q3 2015 Earnings Call, Jul 23, 2015

Skyworks Solutions, Inc. to Open Design Center and Laboratory Facility in San Diego, California

Skyworks Solutions Inc. announced that it is opening a design center and laboratory facility in San Diego, California. The design center will focus on the development of leading edge technologies targeting 4G/5G protocols and the Internet of Things. Skyworks’ design center will be operational in July and is strategically situated to enhance collaboration among Skyworks’ design centers in Newbury Park and Irvine, California, its advanced packaging team in Irvine, its manufacturing facility in Mexicali, Mexico as well as its filter joint venture with Panasonic in Japan, which designs and produces innovative RF filters and duplexers. Further, Skyworks’ new design center supports the company’s long standing relationships with its system-on-chip partners and the University of California, San Diego.

 

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Industry Analysis

SWKS

Industry Average

Valuation SWKS Industry Range
Price/Earnings 24.5x
Price/Sales 5.7x
Price/Book 5.8x
Price/Cash Flow 23.0x
TEV/Sales 5.4x
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