Skyworks Solutions Inc. (SWKS – Analyst Report) just released their first quarter fiscal 2016 earnings results, posting earnings of $1.48 and revenue of $926.8 million.
Currently, SWKS has a Zacks Rank #4 (Sell), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Skyworks Solutions:
Beat earnings estimates. The company posted $1.48, beating our Zacks Consensus Estimate of $1.46. This number excludes $0.34 from non-recurring items.
Beat revenue estimates. The company saw revenue figures of $926.8 million, surpassing our estimate of $916 million, up 15% year-over-year.
Generates $345 Million in cash flow from operations and exits the quarter with more than $1.2 Billion in cash.
“Skyworks delivered solid financial results in the first fiscal quarter of 2016 driven by our diversification across customers, markets and applications,” said David J. Aldrich, chairman and chief executive officer of Skyworks. “Leveraging our proprietary and highly integrated system solutions, we continue to increase our addressable content, gain market share and capitalize on global demand for ubiquitous network access.
SWKS was up/down $2.91, or 4.49%, to $67.70 as of 4:48 PM ET in after hours trading shortly after its earnings report was released.
Here’s a graph that looks at Skyworks’ long-term quarterly cash flow activities:
Skyworks Solutions Inc. (SWKS – Analyst Report) Quarterly Cash Flow Activities | FindTheCompany
Skyworks Solutions, Inc. is the industry’s leading wireless semiconductor company focused on radio frequency (RF) and completes semiconductor system solutions for mobile communications applications. The company was founded in 2002 and is headquartered in Woburn, Massachusetts.
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