Skyworks Solutions, Inc. Reports Earnings Results for the First Quarter Ended December 29, 2023
January 30, 2024 at 04:04 pm EST
Share
Skyworks Solutions, Inc. reported earnings results for the first quarter ended December 29, 2023. For the first quarter, the company reported sales was USD 1,201.5 million compared to USD 1,329.3 million a year ago. Net income was USD 231.3 million compared to USD 309.4 million a year ago.
Basic earnings per share from continuing operations was USD 1.45 compared to USD 1.94 a year ago. Diluted earnings per share from continuing operations was USD 1.44 compared to USD 1.93 a year ago.
Skyworks Solutions, Inc. specializes in the development, sales and marketing of high-performance, mixed signal semi-conductors. The products are designed for use in the following sectors: consumer electronics, IT, mobile communication systems and network infrastructures. They also provide solutions for automotive, RFID, industrial, medical, military and aerospatial applications to name but a few. The group offers amplifiers, attenuators, detectors, diodes, directional couplers, modules, radio frequency subsystems, isolators, modulators, optocouplers, optoisolators, phase shifters, switches and multiplexers, solutions for food management, etc.
At the end of September 2023, Skyworks Solutions, Inc. had 6 manufacturing sites located in the United States (2), Mexico (2), Japan and Singapore.
Net sales are distributed geographically as follows: the United States (75.5%), China (7.5%), Taiwan (7.2%), South Korea (4.2%), Asia/Pacific (1.3%) and Europe/Middle East/Africa (4.3%).