news digest ♦ RF Electronics
cash flow in fiscal 2011 in the range of $180-$200 million.
Bob Bruggeworth, president and CEO of RFMD, commented, “The March quarter represents an inflection point for RFMD as we close out our legacy transceiver business and begin the ramp of new, higher margin component solutions, including our PowerSmart power platforms, our industry-leading high efficiency single-mode PAs, our silicon-based switches, our GaN components, and our high- performance WiFi components.
“We are forecasting sequential growth in the March quarter in 3G/4G smartphones, wireless infrastructure and GaN-based products, and we expect to ramp 3G/4G smartphones featuring PowerSmart at an additional leading smartphone OEM each quarter of calendar 2011. This supports our expectations for broad-based share gains and positions RFMD to grow sequentially and expand gross margins during fiscal 2012, outpacing overall growth in our core markets.”
Dean Priddy, CFO and VP of administration of RFMD said, “RFMD’s capital efficient business model has generated two years of industry-leading free cash flow, with an outlook for continued superior free cash flow. During the December quarter, RFMD generated free cash flow of approximately $54 million, and RFMD has improved its net cash position by $405 million dollars over the past eight quarters.
“We are confident RFMD’s business model enables us to substantially grow our revenues and expand margins while achieving industry-leading capital efficiency. In fact, we believe we can approximately double our revenue without requiring additional GaAs fabrication capacity.”
“Based on this outlook and other factors, our Board of Directors has authorized a two-year, $200 million share repurchase plan. This provides us with the flexibility when market conditions warrant to significantly reduce our outstanding shares and offset potential future dilution from our convertible debt and awards under our equity-based compensation plans,” he concluded.
“Skyworks is enabling wireless broadband connectivity across multiple high growth platforms including smartphones, tablets, smart grids and home automation systems, as well as within the supporting network infrastructure,” said David J. Aldrich, President and CEO of Skyworks. “At a higher level, our goal remains to diversify across new vertical markets, develop differentiated products and deliver operational excellence, positioning us to outperform our addressed markets and increase shareholder returns.”
The firm’s GAAP gross margin also increased by 250 basis points year-over-year to 44.3 %.
Skyworks has supported the rapidly emerging tablet market with wireless connectivity solutions compatible with all major mobile operating systems. It has also ramped production of analogue components supporting Cisco and Motorola’s fibres
94
www.compoundsemiconductor.net January / February 2011
Skyworks Revenues Rocket to $335.1 Million
The firm’s financial success is mainly down to the rapidly emerging tablet market using wireless connectivity compatible with all major mobile operating systems.
Skyworks Solutions, an innovator of high reliability analogue and mixed signal semiconductors has reported first fiscal quarter 2011 results.
Revenue for the quarter was $335.1 million, up 37 % when compared to $245.1 million in the first fiscal quarter of 2010, versus $313.3 million last quarter.
On a GAAP basis, operating income and margin for the first fiscal quarter of 2011 were $77.3 million and 23.1 %, respectively, and diluted earnings per share was $0.32.
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116 |
Page 117 |
Page 118 |
Page 119 |
Page 120 |
Page 121 |
Page 122 |
Page 123 |
Page 124 |
Page 125 |
Page 126 |
Page 127 |
Page 128 |
Page 129 |
Page 130 |
Page 131 |
Page 132 |
Page 133 |
Page 134 |
Page 135 |
Page 136 |
Page 137 |
Page 138 |
Page 139 |
Page 140 |
Page 141 |
Page 142 |
Page 143 |
Page 144 |
Page 145 |
Page 146 |
Page 147 |
Page 148 |
Page 149 |
Page 150 |
Page 151 |
Page 152 |
Page 153 |
Page 154 |
Page 155 |
Page 156 |
Page 157 |
Page 158 |
Page 159 |
Page 160 |
Page 161 |
Page 162 |
Page 163 |
Page 164 |
Page 165 |
Page 166 |
Page 167 |
Page 168 |
Page 169 |
Page 170 |
Page 171 |
Page 172 |
Page 173 |
Page 174 |
Page 175 |
Page 176