IRVINE, Calif. - Skyworks Solutions, Inc. (NASDAQ:SWKS) reported better-than-expected first-quarter earnings and revenue, with shares rising 1% in after-hours trading on Thursday.
The semiconductor manufacturer posted adjusted earnings per share of $1.60 for the quarter ended Dec. 27, 2024, surpassing analyst estimates of $1.57. Revenue came in at $1.068 billion, slightly above the consensus estimate of $1.07 billion and up 4% sequentially.
Skyworks’ Q1 revenue increased 4% compared to the previous quarter, but the company did not provide a YoY comparison. The firm generated $338 million in free cash flow, representing a 32% free cash flow margin.
"Skyworks started the new fiscal year with solid results, growing revenue 4% sequentially and surpassing the midpoint of our guidance," said Liam K. Griffin, CEO and president of Skyworks.
"We have observed consistent improvement in demand indicators within Broad Markets, while we have successfully supported multiple new product launches in Mobile."
For the second quarter of fiscal 2025, Skyworks expects revenue between $935 million and $965 million, with adjusted earnings per share of $1.20 at the midpoint of the revenue range. This outlook is slightly above analyst expectations of $1.19 EPS and $940 million in revenue.
The company’s board of directors also approved a new $2 billion stock repurchase program and declared a quarterly cash dividend of $0.70 per share.
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