Irvine-based chipmaker Skyworks Solutions Inc. (Nasdaq: SWKS) reported record-high quarterly revenue for the final three months of last year, sending the company’s shares up as much as 15% in after-hours trading.
The company led by Chief Executive Liam Griffin said revenue was $1.5 billion for the quarter, 69% above the amount for the same period a year ago. Adjusted and diluted earnings per share were $3.05, up 103% on an annual basis.
The average estimate of 23 analysts cited by Yahoo called for revenue of $1.06 billion for the three-month period ended Jan. 1, which marks the end of the first quarter of the company’s fiscal year.
“We expect the continued and rapid adoption of multiple wireless protocols to drive strong year-over-year growth for Skyworks,” said Kris Sennesael, senior vice president and chief financial officer of Skyworks. “Specifically, in the second fiscal quarter of 2021, we anticipate revenue to be between $1.125 billion and $1.175 billion with non-GAAP diluted earnings per share of $2.34 at the midpoint of our revenue range.”
The shares were trading at $184 apiece as of Thursday afternoon.
