Skyworks +6.4% AH on FQ2 beat, guidance; RF Micro +1.9%


In addition to beating FQ2 estimates, Skyworks (SWKS) is guiding for FQ3 revenue of $535M and EPS of $0.73, well above a consensus of $488.2M and $0.63.

Gross margin rose 250 bps Y/Y to 44.7%. While revenue rose 13% Y/Y, opex only grew 2% to $109.8M. 2M shares were repurchased.

Rival RF Micro (RFMD) is up in sympathy ahead of its April 29 FQ4 report. Others that might get a lift: TQNT, AVGO, ANAD.

FQ2 results, PR

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Comments (5)
  • Stock Market Mike
    , contributor
    Comments (3746) | Send Message
     
    This company reliably beats and raises! I wish I had heard about it before ~2014.

     

    -Mike
    22 Apr 2014, 04:50 PM Reply Like
  • ndairiki
    , contributor
    Comment (1) | Send Message
     
    I did in 2008; rode it all the way down to zip.
    But it's slowly coming back...
    22 Apr 2014, 05:51 PM Reply Like
  • Philip Marlowe
    , contributor
    Comments (1601) | Send Message
     
    I was lucky to jump on SWKS about a year ago, which seems to have been good timing (fingers crossed). But yeah, it is a great company and it has a knack for beating across the board (including guidance) for many quarters in a row. Furthermore, if you compare their results with those of their competitors, it is clear they have a technological advantage.

     

    If I were better organized I would have written a couple of articles about SWKS last year, and then none of you guys would have an excuse for missing it. But alas, I never get around to writing a full article, but I have been praising SWKS in various comment sections and message boards for a year now.
    22 Apr 2014, 06:02 PM Reply Like
  • Philip Marlowe
    , contributor
    Comments (1601) | Send Message
     
    PS It should be also noted that SWKS started a new dividend today. 0.11 per share, 1.1% forward yield.
    22 Apr 2014, 07:36 PM Reply Like
  • NUNAY the KING
    , contributor
    Comments (308) | Send Message
     
    Read every glowing quarterly report for years, and owned it big, then in Sep 2012, I got slammed and could not figure out why. So I got out in a tale of caution, losing money at the end. Now I see it was the big boys setting me up for the sucker punch and taking the trophy home. Live and learn.
    23 Apr 2014, 02:51 PM Reply Like
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