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“Skyworks is excited to be partnering with NETGEAR to capitalize on the increasing demand for high quality in-home entertainment,” said Bradley C. Byk, senior vice president of worldwide sales at Skyworks. “This analog-rich application is the industry’s first tri-band WiFi router solution capable of providing up to two times the total data rate of routers available in the market today, allowing consumers to stream simultaneous HD content wirelessly on several devices at once.”
Ramping Analog and RF Solutions across General Motors, Chrysler, Fiat and Toyota
The control system enables drivers to remotely activate garage door openers, entry door locks, home lighting, security systems and entry gates. Currently offered in all automotive brands, the platform is compatible with more than 99 percent of garage door opening systems as well as a wide variety of home safety and convenience products. The three-button interface is located as an easy-to-install module in automobile rearview mirrors for a convenient, battery-free, programmable solution that eliminates the need for traditional clip-on transponders.
“Skyworks’ advanced analog and RF solutions are being leveraged across multiple in-vehicle applications that are enhancing safety and the overall driving experience,” said John O’Neill, vice president of broad markets marketing at Skyworks. “As wireless technology in automobiles continues to rise, we are capitalizing on the increasing number of addressable semiconductor opportunities that add value, minimize OEM costs and complexity, and improve time to market.”
The Company now anticipates fourth fiscal quarter revenue of $718 million, representing a 51 percent year-over-year increase and 22 percent sequential growth. Skyworks also expects to deliver non-GAAP diluted earnings per share of $1.08, reflecting a 69 percent increase when compared to the same period a year ago and 30 percent sequential growth. The Company had previously guided to $680 million in revenue and $1.00 of non-GAAP diluted earnings per share on July 17, 2014 as part of its third fiscal quarter earnings release.
“Skyworks’ upwardly revised outlook demonstrates the broad-based strength of our business and our ability to capitalize on positive underlying market trends to connect everyone and everything, all the time,” said David J. Aldrich, chairman and chief executive officer. “These multi-year technology trends are setting the stage for us to outperform the broader semiconductor industry in the December quarter and for the foreseeable future.”
Skyworks Introduces High Fidelity Solutions for Streaming Music Platforms at Bose and Sonos finance.yahoo.com
Ramping in Volume Production across All Key Customers
“Skyworks is excited to support the rapidly emerging music streaming platform market via highly advanced front-end solutions,” said Carlos Bori, vice president of marketing at Skyworks. “Our partnerships with industry leaders, including Bose and Sonos, have enabled us to develop world-class audio solutions for streaming networks.”
In a wide ranging report on the future of the entertainment industry, PricewaterhouseCoopers expects on-demand, digital delivery of music, movies, videos, games and eBooks to significantly expand over the next few years. In this year’s “Global Entertainment and Media Outlook”, PwC is forecasting that the digital delivery revolution will dramatically change the way we use our connected devices. Digital music streaming revenue is forecasted to increase from $848 million in 2013 to $1.7 billion in 2018, when it will account for 37 percent of total digital recorded music revenue.
“Skyworks is aggressively executing on our strategy to deliver sustainable, above market growth with diversified analog semiconductor returns,” said David J. Aldrich, chairman and chief executive officer of Skyworks. “Our advanced solutions are at the heart of mobile connectivity and the Internet of Things, and are empowering exciting new applications spanning mobile payments, to streaming music services, to on-demand media. Given our accelerating design win momentum and deep product pipeline, we have never been better positioned to grow demonstrably faster than our addressable markets and in turn, to deliver best-in-class financial returns.”
Skyworks’ newest family of LTE devices consist of highly integrated modules that incorporate the amplification, switching, Wi-Fi filtering and coupler functionality required to support all major FDD/TDD bands. With the addition of external duplexers, this product suite provides OEMs with a scalable and reconfigurable front-end system suitable for markets worldwide. MediaTek, a leader in system on a chip (SoC) platforms for wireless communications and home entertainment, is leveraging SkyLiTE™ solutions for their MT6752/32 and MT6735 LTE chipsets targeting China’s leading smartphone providers.
“We are off to a solid start to fiscal 2015,” said David J. Aldrich, chairman and chief executive officer of Skyworks. “Our business results are being fueled by a global surge in connectivity across a wide-ranging set of applications and by the increase in analog-rich content that is required to power today’s most innovative devices. Skyworks is at the forefront of this technology advancement—facilitating secure, high-speed, seamless connections through our integrated solutions. As our results show, we are capitalizing on these trends today—driving superior financial returns for shareholders.”
“We have created a unique business model, combining the strong growth of connectivity and the Internet of Things with the financial returns of a diversified analog company,” said Donald W. Palette, executive vice president and chief financial officer of Skyworks. “Our increasing market reach, expanding content opportunities and new product launches are enabling us to outperform normal March quarter seasonal trends. For the second fiscal quarter of 2015, we anticipate revenue to be $750 million—up 56 percent year-over-year with non-GAAP diluted earnings per share of $1.12.”