Skyworks +4.3% on FQ3 beat, strong guidance; RF Micro +1.1%

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

In addition to beating FQ3 estimates, Skyworks (NASDAQ:SWKS) is guiding for FQ4 revenue of $680M and $1.00, soundly above a consensus of $608.1M and $0.87. The numbers come 6 weeks after Skyworks hiked its FQ3 outlook.

Gross margin +70 bps Q/Q and +140 bps Y/Y to 45.4%. GAAP opex +11% Y/Y to $115.7M, trailing rev. growth of 35%. 1M shares were repurchased.

RF Micro (RFMD - reports on July 24) is following Skyworks higher. Merger partner TriQuint (TQNT - reports on July 23) might end up doing the same. Skyworks is once more near a 52-week high of $49.10.

FQ3 results, PR