Skyworks Solutions Inc.
Skyworks Reports Q2 FY24 Results and Declared Dividend
Summary
Skyworks Solutions, Inc. reported Q2 FY24 results, showing a revenue of $1.046 billion, GAAP diluted EPS of $1.14, and non-GAAP diluted EPS of $1.55. The company generated $300 million in operating cash flow and $273 million in free cash flow. The board declared a cash dividend of $0.68 per share, payable on June 11, 2024, to stockholders of record as of May 21, 2024. The company expects Q3 FY24 revenue to be $900 million, plus or minus 2%, with non-GAAP diluted EPS of $1.21.
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About Skyworks Solutions Inc.
Skyworks Solutions Inc. is a technology company that specializes in designing and manufacturing high-performance semiconductor solutions. Its primary function is to provide integrated circuits used in wireless communications. Skyworks Solutions plays a critical role in enabling connectivity across a multitude of devices and technologies, impacting industries such as mobile, automotive, home automation, and smart technology. The company is renowned for its radio frequency and analog semiconductors, which are essential components in modern telecommunications, including the infrastructure for 5G networks and Internet of Things (IoT) applications. Skyworks Solutions is significant in the market due to its broad portfolio of products that facilitate enhanced wireless networking capabilities, contributing to the seamless integration of advanced technology into everyday life.
Official SEC Documents
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