Earnings release
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Media Relations : Constance Griffiths ( 949 ) 231-4207 Skyworks Reports Q1 FY21 Results Exhibit 99.1 SKYWORKS® Investor Relations : Mitch Haws ( 949 ) 231-3223 • Delivers Record Revenue of $ 1.510 Billion , up 58 % Sequentially and 69 % Y - o - Y • • • Posts GAAP Diluted EPS of $ 3.05 , up 103 % Y - o - Y ; Non - GAAP Diluted EPS of $ 3.36 , up 100 % Y - o - Y Generates GAAP Operating Margin of 37.8 % ; Non - GAAP Operating Margin of 41.2 % Drives Quarterly Operating Cash Flow of $ 485 Million _ IRVINE , Calif . , Jan. 28 , 2021 – Skyworks Solutions , Inc. ( Nasdaq : SWKS ) , an innovator of high - performance analog semiconductors connecting people , places and things , today reported first fiscal quarter results for the period ended Jan. 1 , 2021 . Revenue for the first fiscal quarter of 2021 was $ 1.510 billion , up 58 % sequentially , substantially exceeding consensus estimates . On a GAAP basis , operating income for the first fiscal quarter was $ 571 million with diluted earnings per share of $ 3.05 . On a non - GAAP basis , operating income was $ 622 million with non - GAAP diluted earnings per share of $ 3.36 . " Skyworks delivered all - time record quarterly results , leveraging our expansive technology reach , " said Liam K. Griffin , president and chief executive officer of Skyworks . “ Demand for our proven solutions continues to accelerate across a growing set of customers and end markets , powering the world's most impactful use cases , from 5G mobile platforms to IoT , wireless infrastructure , autonomous transport and machine - to - machine installations . " Importantly , the multi - year wireless transition is now underway , creating a burgeoning set of new opportunities . With deep customer engagements , underpinned by decades of technology investments and scale , Skyworks is uniquely positioned to lead . " First Fiscal Quarter Business Highlights • Accelerated ramp of Sky5Ⓡ portfolio , supporting the next wave of 5G launches at Samsung , Oppo , Vivo , Xiaomi and other Tier - 1 players • • Partnered with ASUS to launch world's first ultra - fast Wi - Fi 6E extended band router • Launched Wi - Fi 6 engines for CenturyLink's latest GPON media gateway Shipped Wi - Fi 6 solutions for access points at leading network OEMs , including Cisco , NETGEAR , TP - Link and Aruba . Captured design wins at Google / Fitbit for their newest health smartwatch