Skyworks +9% AH on FQ1 beat, guidance; RF Micro, TriQuint also up

|About: Skyworks Solutions, Inc. (SWKS)|By:, SA News Editor

In addition to beating FQ1 estimates, Skyworks (SWKS) is guiding for FQ2 revenue of $470M and EPS of $0.59, above a consensus of $460.5M and $0.57.

The RF chipmaker posted an FQ1 gross margin of 44.5%, +10 bps Q/Q and +150 bps Y/Y. Opex was flat Y/Y, even as revenue rose 11%. 670K shares were repurchased.

Shares have jumped to new 52-week highs in AH trading. Rivals are up in sympathy: RFMD +1.7%. TQNT +2.2%.

FQ1 results, PR