Skyworks Solutions (NAS: SWKS) reported earnings Wednesday. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 29 (Q3), Skyworks Solutions beat slightly on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP earnings per share dropped.
Margins shrank across the board.
Skyworks Solutions booked revenue of $389 million. The 18 analysts polled by S&P Capital IQ predicted sales of $383.0 million on the same basis. GAAP reported sales were 9.3% higher than the prior-year quarter's $356.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.45. The 19 earnings estimates compiled by S&P Capital IQ predicted $0.44 per share. GAAP EPS of $0.26 for Q3 were 3.7% lower than the prior-year quarter's $0.27 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 42.5%, 140 basis points worse than the prior-year quarter. Operating margin was 16.2%, 450 basis points worse than the prior-year quarter. Net margin was 12.7%, 180 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $417.4 million. On the bottom line, the average EPS estimate is $0.51.
Next year's average estimate for revenue is $1.56 billion. The average EPS estimate is $1.88.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 643 members rating the stock outperform and 33 members rating it underperform. Among 128 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 117 give Skyworks Solutions a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Skyworks Solutions is outperform, with an average price target of $31.59.
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The article Skyworks Solutions Beats on Both Top and Bottom Lines originally appeared on Fool.com.
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