Skyworks Solutions · Q1 2021 earnings

Briefing

Skyworks reported record revenue of $1.510 billion, up 58% sequentially and 69% year-over-year, with GAAP diluted EPS of $3.05, up 103% year-over-year, and non-GAAP diluted EPS of $3.36, up 100% year-over-year.

Skyworks Solutions, Inc. reported first fiscal quarter results for the period ended Jan. 1, 2021. Revenue for the first fiscal quarter of 2021 was $1.510 billion, up 58% sequentially. On a GAAP basis, operating income for the first fiscal quarter was $571 million with diluted earnings per share of $3.05. On a non-GAAP basis, operating income was $622 million with non-GAAP diluted earnings per share of $3.36.

• Delivers Record Revenue of $1.510 Billion, up 58% Sequentially and 69% Y-o-Y
• Posts GAAP Diluted EPS of $3.05, up 103% Y-o-Y
• Non-GAAP Diluted EPS of $3.36, up 100% Y-o-Y
• Generates GAAP Operating Margin of 37.8%; Non-GAAP Operating Margin of 41.2%

Headline financials

Revenue & EPS history

We expect the continued and rapid adoption of multiple wireless protocols to drive strong year-over-year growth for Skyworks. Specifically, in the second fiscal quarter of 2021, we anticipate revenue to be between $1.125 billion and $1.175 billion with non-GAAP diluted earnings per share of $2.34 at the midpoint of our revenue range, representing revenue growth of 50% and non-GAAP diluted earnings per share growth of 75%, compared to the second fiscal quarter of 2020.