Skyworks Solutions, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended July 01, 2022
August 04, 2022 at 04:02 pm EDT
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Skyworks Solutions, Inc. reported earnings results for the third quarter and nine months ended July 01, 2022. For the third quarter, the company reported sales was USD 1,232.6 million compared to USD 1,116.4 million a year ago. Net income was USD 267.3 million compared to USD 337.8 million a year ago. Basic earnings per share from continuing operations was USD 1.66 compared to USD 2.05 a year ago. Diluted earnings per share from continuing operations was USD 1.66 compared to USD 2.02 a year ago.
For the nine months, sales was USD 4,078.6 million compared to USD 3,798.2 million a year ago. Net income was USD 973 million compared to USD 1,172 million a year ago. Basic earnings per share from continuing operations was USD 5.96 compared to USD 7.1 a year ago. Diluted earnings per share from continuing operations was USD 5.93 compared to USD 7.02 a year ago.
Skyworks Solutions, Inc. specializes in the development, sales and marketing of high-performance, mixed signal semi-conductors. The products are designed for use in the following sectors: consumer electronics, IT, mobile communication systems and network infrastructures. They also provide solutions for automotive, RFID, industrial, medical, military and aerospatial applications to name but a few. The group offers amplifiers, attenuators, detectors, diodes, directional couplers, modules, radio frequency subsystems, isolators, modulators, optocouplers, optoisolators, phase shifters, switches and multiplexers, solutions for food management, etc.
At the end of September 2023, Skyworks Solutions, Inc. had 6 manufacturing sites located in the United States (2), Mexico (2), Japan and Singapore.
Net sales are distributed geographically as follows: the United States (75.5%), China (7.5%), Taiwan (7.2%), South Korea (4.2%), Asia/Pacific (1.3%) and Europe/Middle East/Africa (4.3%).
SKYWORKS SOLUTIONS, INC. 
