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SKYWORKS Skyworks Reports Q3 FY21 Results July 29 , 2021 • Delivers Record Third Quarter Revenue of $ 1.116 Billion , up 52 % Y - o - Y • Posts GAAP Diluted EPS of $ 2.02 , up 162 % Y - o - Y ; Non - GAAP Diluted EPS of $ 2.15 , up 72 % Y - o - Y • Guides to Strong Y - o - Y Revenue and Earnings Growth in Q4 FY21 • Increases Quarterly Dividend by 12 % to $ 0.56 Per Share IRVINE , Calif .-- ( BUSINESS WIRE ) -- Jul . 29 , 2021 -- Skyworks Solutions , Inc. ( Nasdaq : SWKS ) , an innovator of high - performance analog semiconductors connecting people , places and things , today reported third fiscal quarter results for the period ended July 2 , 2021 . Revenue for the third fiscal quarter of 2021 was $ 1.116 billion , up 52 % year over year and exceeding consensus estimates . On a GAAP basis , operating income for the third fiscal quarter was $ 339.8 million with diluted earnings per share of $ 2.02 . On a non - GAAP basis , operating income was $ 403.4 million with non - GAAP diluted earnings per share of $ 2.15 . " Skyworks delivered record third quarter results , with strong year - over - year growth in both revenue and earnings per share , " said Liam K. Griffin , chairman , CEO and president of Skyworks . " Looking ahead , we expect continued momentum as we execute on strong design wins with our mobile and broad markets customers . " An expanding array of usage cases - from mobile to automotive , cloud computing and intelligent energy management - is accelerating the adoption of 5G across numerous end markets . Our decades - long experience and deep customer relationships , combined with the strength and scale of our internal fabrication capabilities , position Skyworks to enable a broad set of applications and opportunities . Further , the recent addition of the Infrastructure and Automotive business of Silicon Labs immediately adds unique technologies as we expand our addressable markets and lead across a wide range of diversified and differentiated solutions . " Third Fiscal Quarter Business Highlights Expanded the reach of our Sky5Ⓡ portfolio , powering upcoming smartphone launches at Tier - 1 OEMs including Google , Oppo , Vivo and Xiaomi , among others • Delivered Wi - Fi front - end modules to Facebook for their next - generation Portal devices • Partnered with Linksys to debut the market's first Wi - Fi 6E mesh network system ● Ramped Wi - Fi 6 and 6E platforms at Altice , Charter Communications and Aruba Networks • Launched connected home and security solutions at Honeywell ● Shipped cognitive audio platforms to Samsung and Vizio for their home theater systems • Captured design wins at Peloton supporting home fitness applications ● Leveraged our wireless infrastructure and small cell portfolio for European and Asian OEMs • Enabled advanced telematics systems for the world's leading automakers Fourth Fiscal Quarter 2021 Outlook We provide earnings guidance on a non - GAAP basis because certain information necessary to reconcile such guidance to GAAP is difficult to estimate and dependent on future events outside of our control . Please refer to the attached Discussion Regarding the Use of Non - GAAP Financial Measures in this press release for a further discussion of our use of non - GAAP measures , including quantification of known expected adjustment items . " Based on continued robust demand for connectivity solutions in mobile and broad markets and the inclusion of a partial quarter of revenue from the recently completed acquisition of the Infrastructure and Automotive business from Silicon Labs , we expect further strong year - over - year growth in the September quarter , " said Kris Sennesael , senior vice president and chief financial officer of Skyworks . " Specifically , in the fourth fiscal quarter of 2021 , we anticipate revenue to be between $ 1.270 billion and $ 1.330 billion with non - GAAP diluted earnings per share of $ 2.53 at the midpoint of our revenue range , representing revenue growth of 36 % and non - GAAP diluted earnings per share growth of 37 % , compared to the fourth fiscal quarter of 2020. In addition , given our conviction in Skyworks ' strategic outlook and predictable strong cash generation , we are announcing another substantial increase to our quarterly dividend . " Dividend Increase and Payment Skyworks ' board of directors has declared a cash dividend of $ 0.56 per share of the Company's common stock , representing a 12 % increase from the prior quarterly dividend of $ 0.50 per share . The dividend is payable on Sept. 7 , 2021 , to stockholders of record at the close of business on Aug. 17 , 2021 . Skyworks ' Third Quarter 2021 Conference Call Skyworks will host a conference call with analysts to discuss its third quarter fiscal 2021 results and business outlook today at 4:30 p.m. EDT . To listen to the conference call via the Internet , please visit the investor relations section of Skyworks ' website . To listen to the conference call via telephone , please call ( 844 ) 583-4549 ( domestic ) or ( 825 ) 312-2257 ( international ) , Conference ID : 9437167 .