Skyworks revenue up 20% YoY

Skyworks Solutions, Inc. (NASDAQ: SWKS), an innovator of high performance analog semiconductors, hsa reported third fiscal quarter results for the period ending June 30, 2017, the company said.

Revenue for the third fiscal quarter was USD 900.8 million, up 20 percent year-over-year and exceeding consensus estimates.

On a GAAP basis, operating income for the third fiscal quarter of 2017 was USD 304.8 million with diluted earnings per share of USD 1.32. On a non-GAAP basis, operating income was USD 333.1 million with non-GAAP diluted earnings per share of USD 1.57, up 27 percent year-over-year and USD 0.05 better than consensus estimates.

Skyworks Solutions is empowering the wireless networking revolution. Its innovative analog semiconductors are connecting people, places and things spanning a number of new and previously unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.