Skyworks Solutions Inc.
Skyworks Reports Q3 FY24 Results and Increases Dividend
Summary
Skyworks Solutions, Inc. reported Q3 FY24 results with revenue of $906 million, GAAP diluted EPS of $0.75, and non-GAAP diluted EPS of $1.21. The company also declared a cash dividend of $0.70 per share, payable on September 10, 2024. Year-to-date, Skyworks generated $1.35 billion in operating cash flow and $1.27 billion in free cash flow. The company expects Q4 FY24 revenue between $1.00 billion and $1.04 billion with non-GAAP diluted EPS of $1.52 at the mid-point.
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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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