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Technology Stocks : SWKS - Skyworks Solutions, Inc (was AHAA)
SWKS 87.77+0.3%Oct 18 12:00 AM EDT

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From: JakeStraw2/13/2019 8:57:27 AM
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Skyworks Reports Q1 FY19 Results
investors.skyworksinc.com
Skyworks Reports Q1 FY19 Results

“Despite macro weakness across our global mobile business, Skyworks delivered solid financial results driven by content gains, an expanding footprint in broad markets and our strong business model,” said Liam K. Griffin, president and chief executive officer of Skyworks. “During the quarter, we generated more than $500 million in cash flow from operations and exited the quarter with over $1 billion in cash. Looking ahead, we are leveraging our demonstrated technology leadership, trusted customer partnerships and innovative Sky5™ portfolio to capitalize on compelling 5G, IoT and automotive opportunities. We are enabling revolutionary applications and executing towards our vision of Connecting Everyone and Everything, All the Time.”

First Quarter Business Highlights

Partnered with Square to power secure, long-range retail payment systems
Captured content in NetGear’s WiFi 6–enabled routers
Supported remote access features for German and Korean automotive manufacturers
Ramped advanced wireless engines for Philips street lighting management platforms
Secured design wins with Bose and Sonos supporting high fidelity, smart audio
Shipped LPWAN connectivity devices for building automation applications
Expanded footprint in Nokia’s dual band residential gateways
Deployed 5G base station solutions for leading European infrastructure providers
Enabled Samsung’s Galaxy A and J Series smartphones with multimode, multiband front-ends
Launched antenna tuners, diversity receive modules, GPS devices and integrated transmit portfolio across LG’s mobile suite
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