AI English summary of an SEC filing — figures as filed
Skyworks Solutions SWKSSkyworks reported net revenue of $1,046.0 million, operating income of $189.2 million and diluted earnings per share of $1.14 for the 3 months ended March 29, 2024. The company said prior-year net revenue was $1,153.1 million, operating income was $273.3 million and diluted earnings per share was $1.46.
Key points
AI summarySkyworks reported net revenue of $1,046.0 million, operating income of $189.2 million and diluted earnings per share of $1.14 for the 3 months ended March 29, 2024. The company said prior-year net revenue was $1,153.1 million, operating income was $273.3 million and diluted earnings per share was $1.46.
The company said its GAAP gross margin was 40.2% and its non-GAAP gross margin was 45.0% for the 3 months ended March 29, 2024. For the same quarter, it said non-GAAP operating income was $279.1 million and non-GAAP diluted earnings per share was $1.55.
The company said it generated operating cash flow of $300.2 million, capital expenditures of $27.6 million and non-GAAP free cash flow of $272.6 million for the 3 months ended March 29, 2024. Payments of debt were $300.0 million over the 6 months, and debt changed from $1,292.3 million as of September 29, 2023 to $993.6 million as of March 29, 2024.
Skyworks said it expects June quarter revenue of $900 million, plus or minus 2%, and non-GAAP diluted earnings per share of $1.21 at the mid-point of the revenue range. The company also declared a cash dividend of $0.68 per share, payable on June 11, 2024, to stockholders of record as of May 21.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Fiscal 2024 Q2 Revenue and GAAP Results
Skyworks reported net revenue of $1,046.0 million, operating income of $189.2 million and diluted earnings per share of $1.14 for the 3 months ended March 29, 2024. The company said prior-year net revenue was $1,153.1 million, operating income was $273.3 million and diluted earnings per share was $1.46.
Source · Based on the filing body and exhibits
GAAP to Non-GAAP Margin Comparison
The company said its GAAP gross margin was 40.2% and its non-GAAP gross margin was 45.0% for the 3 months ended March 29, 2024. For the same quarter, it said non-GAAP operating income was $279.1 million and non-GAAP diluted earnings per share was $1.55.
Source · Based on the filing body and exhibits
Quarterly Cash Flow and Debt Changes
The company said it generated operating cash flow of $300.2 million, capital expenditures of $27.6 million and non-GAAP free cash flow of $272.6 million for the 3 months ended March 29, 2024. Payments of debt were $300.0 million over the 6 months, and debt changed from $1,292.3 million as of September 29, 2023 to $993.6 million as of March 29, 2024.
Source · Based on the filing body and exhibits
Q3 Outlook and Dividend Declaration
Skyworks said it expects June quarter revenue of $900 million, plus or minus 2%, and non-GAAP diluted earnings per share of $1.21 at the mid-point of the revenue range. The company also declared a cash dividend of $0.68 per share, payable on June 11, 2024, to stockholders of record as of May 21.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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