NASDAQ$SWKS

Skyworks Solutions · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported record third quarter revenue, exceeding consensus estimates.

Skyworks Solutions, Inc. reported third fiscal quarter results for the period ended July 1, 2022. Revenue for the third fiscal quarter of 2022 was $1.233 billion, up 10% year over year, exceeding consensus estimates. On a GAAP basis, operating income for the third fiscal quarter was $325.8 million with diluted earnings per share of $1.66. On a non-GAAP basis, operating income was $439.7 million with non-GAAP diluted earnings per share of $2.44.

  • Delivered record third quarter revenue of $1.233 Billion, up 10% Y-o-Y
  • Posted GAAP Diluted EPS of $1.66 and Non-GAAP Diluted EPS of $2.44
  • Guided to Double-Digit Sequential Revenue and Earnings Growth in Q4 FY22
  • Increased Quarterly Dividend by 11% to $0.62 Per Share

Headline financials

Total Revenue

$1.23B

Previous: $1.12B+10.4%
EPS (adj)

$2.44

Previous: $2.15+13.5%
Capital Expenditures

-$348M

Previous: -$375M+7.2%
Free Cash Flow

-$80.4M

Previous: -$37M-117.3%
Net Income

$267M

Previous: $338M-20.9%
Operating Income

$326M

Previous: $340M-4.1%
Gross Profit

$583M

Previous: $559M+4.4%
Cash & Equivalents

$643M

Previous: $2.85B-77.4%
Total Assets

$8.69B

Previous: $7.49B+16.1%
Stock-Based Comp

$52.1M

Previous: $43.5M+19.8%

Revenue & EPS history

Skyworks · Revenue · Quarterly

$1.23B

Q3 2022+10.4%vs Q3 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

We expect double-digit sequential revenue and earnings growth in the September quarter. Specifically, in the fourth fiscal quarter of 2022, we anticipate revenue to be between $1.375 billion and $1.425 billion with non- GAAP diluted earnings per share of $2.90 at the midpoint of our revenue range, representing sequential revenue and non-GAAP diluted earnings per share growth of 14% and 19%, respectively.

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 Q3 2022

Historical avgQ3 2022

+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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