NASDAQ$SWKS

Skyworks Solutions · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Skyworks exceeded Q1 FY20 expectations with revenue up 8% sequentially and better-than-seasonal revenue trends expected in Q2 FY20.

Skyworks Solutions, Inc. reported first fiscal quarter results for the period ended December 27, 2019, with revenue of $896.1 million, up 8 percent sequentially. GAAP diluted EPS was $1.50, and non-GAAP diluted EPS was $1.68. The company generated $398 million in cash flow from operations and anticipates better-than-seasonal results in the March quarter.

  • Delivered revenue of $896 million, up 8% sequentially.
  • Posted GAAP diluted EPS of $1.50; non-GAAP diluted EPS of $1.68.
  • Generated $398 million in cash flow from operations.
  • Guided to better-than-seasonal revenue trends in Q2 FY20.

Headline financials

Total Revenue

$896M

Previous: $972M-7.8%
EPS (adj)

$1.68

Previous: $1.83-8.2%
Capital Expenditures

-$172M

No prior period
Free Cash Flow

$257M

Previous: $285M-9.8%
Net Income

$257M

Previous: $285M-9.8%
Operating Income

$277M

Previous: $321M-13.6%
Gross Profit

$444M

Previous: $485M-8.4%
Cash & Equivalents

$928M

Previous: $1.09B-14.5%
Total Assets

$5.09B

Previous: $4.74B+7.4%
Stock-Based Comp

$33.6M

Previous: $20.8M+61.5%

Revenue & EPS history

Skyworks · Revenue · Quarterly

$896M

Q1 2020-7.8%vs Q1 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

Skyworks anticipates revenue to be between $800 and $820 million with non-GAAP diluted earnings per share of $1.46 at the midpoint of the revenue range.

Tailwinds

  • Expects new content opportunities to drive results.
  • Ramp of Sky5® solutions to drive results.
  • Revenue expected to be between $800 and $820 million.
  • Non-GAAP diluted earnings per share of $1.46 expected at the midpoint of revenue range.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.7%

Avg return

Earnings day

-1.4%

Avg return

5 days after

-1.2%

Avg return

30 days after

52%

36 / 69 earnings

Positive

+14.3%

Q3 2012

Best reaction

-24.7%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-0.9%-4.5%+1.5%
Q1 2026+5.5%+10.0%-2.0%
Q4 2025+2.1%-4.6%-17.8%
Q2 2025+0.6%+8.6%+7.0%
Q1 2025-24.7%-25.1%-16.6%
Q4 2024-5.5%-4.9%+1.9%
Q3 2024-3.2%-10.8%-8.3%
Q2 2024-16.3%-14.2%-15.9%
Q1 2024-1.6%-4.7%-1.2%
Q4 2023+4.6%+2.6%+12.8%
Q3 2023-0.5%-1.9%-2.9%
Q2 2023-4.1%-6.7%+0.9%
Q1 2023+9.3%+6.3%+2.0%
Q4 2022+5.4%+6.3%+12.7%
Q3 2022+0.7%-4.6%-12.1%
Q2 2022-4.2%-10.8%-6.5%
Q1 2022-9.0%-5.5%-8.5%
Q4 2021-5.4%-5.4%-13.9%
Q3 2021-3.9%-2.0%-4.5%
Q2 2021-7.7%-11.6%-13.4%
Q1 2021+8.6%+19.0%+14.1%
Q4 2020-1.8%+3.9%+1.5%
Q3 2020-3.4%-1.2%+4.2%
Q2 2020+5.9%+12.5%+28.8%
Q1 2020-2.1%-4.1%-8.3%
Q4 2019+0.8%-1.0%+11.1%
Q3 2019+3.4%-1.8%+2.8%
Q2 2019-1.0%-5.6%-24.7%
Q1 2019+13.1%+9.1%+6.2%
Q4 2018-7.2%-12.8%-18.2%
Q3 2018-4.9%-7.4%-10.0%
Q2 2018+5.3%+5.8%+10.5%
Q1 2018+5.7%+3.7%+12.7%
Q4 2017-1.8%-2.5%-14.8%
Q3 2017+2.0%+0.9%-3.0%
Q2 2017-3.1%-2.2%+2.8%
Q1 2017+11.9%+16.4%+21.5%
Q4 2016+0.1%+3.1%-2.3%
Q3 2016-6.7%-5.2%+4.0%
Q2 2016-7.6%
Q1 2016+10.9%
Q4 2015+7.2%
Q3 2015-1.9%
Q2 2015+5.0%
Q1 2015+4.6%
Q4 2014-1.6%
Q3 2014+10.7%
Q2 2014+12.1%
Q1 2014+4.9%
Q4 2013+4.8%
Q3 2013+4.7%
Q2 2013-0.1%
Q1 2013+13.1%
Q4 2012-14.7%
Q3 2012+14.3%
Q2 2012+10.3%
Q1 2012+12.1%
Q4 2011+2.7%
Q3 2011+4.5%
Q2 2011-4.6%
Q1 2010-1.0%
Q1 2011+1.7%
Q4 2010-2.1%
Q4 2008-2.1%
Q3 2009-5.7%
Q3 2010-5.7%
Q4 2009+1.6%
Q2 2010+1.6%
Q2 2009+1.6%

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