Skyworks reports Q1 adjusted EPS $1.60, consensus $1.57

Reports Q1 revenue $1.068B, consensus $1.07B. “Skyworks (SWKS) started the new fiscal year with solid results, growing revenue 4% sequentially and surpassing the midpoint of our guidance,” said Liam K. Griffin, chief executive officer and president of Skyworks. “We have observed consistent improvement in demand indicators within Broad Markets, while we have successfully supported multiple new product launches in Mobile. Furthermore, we posted another quarter of impressive free cash flow with margins exceeding 30%.”