Telecoms ♦ financial news
The Company’s portfolio includes amplifiers, attenuators, detectors, diodes, directional couplers, front-end modules, hybrids, infrastructure RF subsystems, mixers/demodulators, phase shifters, PLLs/synthesizers/VCOs, power dividers/ combiners, receivers, switches and technical ceramics.
Revenue for the quarter was $313.3 million, up 14 % sequentially and 37 % year-over-year, and greater than the company’s updated guidance of $310 million provided on September 21 at its Analyst Day. For fiscal year 2010, revenue was $1.072 billion versus $802.6 million in fiscal 2009, a 34 % increase.
On a GAAP basis, operating income for the fourth fiscal quarter of 2010 was $65.4 million and diluted earnings per share was $0.25. Operating income for fiscal 2010 was $199.7 million and diluted earnings per share was $0.75.
“Skyworks is capitalizing on consumers’ insatiable demand for always on connectivity, broadband mobility and access, as well as home automation applications,” said David J. Aldrich, president and CEO of Skyworks. “We believe our strategy of diversifying across new vertical markets and customers while continuously improving operational execution will translate into sustainable above market growth, greater operating leverage and increasing shareholder value.”
“Given our strong order visibility and increasing customer demand, we are forecasting revenue in the $330 to $335 million range for the current quarter, representing a 35 to 37 % year-over-year increase,” said Donald W. Palette, VP and CFO of Skyworks. “Operationally, we expect to deliver continued gross margin expansion and operating leverage yielding a 27-28 % non-GAAP operating margin. As a result, we intend to increase our non- GAAP diluted earnings per share to $0.44 in the December quarter.”
Skyworks Solutions is an innovator of high reliability analog and mixed signal semiconductors. Leveraging core technologies, Skyworks offers diverse standard and custom linear products supporting automotive, broadband, cellular infrastructure, energy management, industrial, medical, military and mobile handset applications.
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www.compoundsemiconductor.net November/December 2010
Headquartered in Woburn, Mass., Skyworks is worldwide with engineering, manufacturing, sales and service facilities throughout Asia, Europe and North America.
Kopin Reports Financial Results for the Third Quarter of 2010
Kopin Corporation today reported financial results for the three and nine months ended September 25, 2010.
“Driven by the continued strong demand for smart phones and other advanced mobile devices, our III-V revenue has increased 50% to $47.1 million through the first nine months of 2010 from $31.5 million for the same period last year as a result of a combination of an expanding market and, we believe, increasing our market share at several of our power amplifier circuit partners during the year,” said Dr. John C.C. Fan, the Company’s president and chief executive officer. “III-V continued its momentum in the third quarter, increasing 16% year-over-year. These results reflect the strength of key end markets and reinforce the value proposition of our III-V transistor technology.”
“We have continued to broaden our III-V product portfolio with the addition of new advanced manufacturing systems and structures that further enhance device performance and improve power efficiency,” Dr. Fan said. “Furthermore, during the third quarter, we received a two-year, $750,000 contract through the Missile Defense Agency to develop Aluminum Indium Nitride (AlInN)-based high electron mobility transistors. This award enables us to leverage our proven success in III-V materials and nanoengineering, advancing toward our long-term goal of commercializing AlInN-based electronic materials.”
“Despite a softness in defense spending, military
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