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In a world where more devices are getting connected to the internet, Skyworks Solutions (NASDAQ:SWKS) is a key provider of the technology that enables that connectivity. I spoke with Skyworks' CEO Liam Griffin, who explained that what Skyworks does best is craft individual solutions for each of its customers. In other words, Skyworks builds customized hardware solutions for its customers -- something that can only be done if the company forms close and long-standing relationships. This gives the company a competitive advantage that can't be easily replicated by its peers and helps explain its strong (and improving) margins and cash flow production, despite operating in the competitive semiconductor industry.
The bulk of Skyworks' revenue has long come from smartphones, but its "broad markets" segment now accounts for about 25% of total sales. This includes everything from connectivity solutions in autonomous vehicles, the Internet of Things, headsets, WiFi routers, and more.
As consumer demand for faster and more reliable data continues to increase, don't be surprised if you hear more about 5G in the years ahead. Griffin explained that 5G connectivity will vastly expand the data pipe (meaning higher data speeds and less lag time) and expects 5G solutions to account for 20% or more of the company's overall revenue within the next three to five years. fool.com
Skyworks Unveils Next Generation SkyOne® Ultra Solutions for Fast Growing China LTE Market finance.yahoo.com
The SkyOne® Ultra 2.5 family includes both global and region-specific architectures that provide customers with the ability to leverage the same printed circuit board across multiple smartphone platforms optimized for diverse end markets. Leveraging highly successful and proven technologies, the new multiband RF modules utilize the company’s powerful SkyBlue™ enabling technology to enhance system efficiency and battery life. Further, because these devices allow customers to scale the solution with regional variations, they are particularly attractive for Internet of Things applications requiring full LTE connectivity.
$SWKS reported a 14% rise in its 4Q17 profit, driven by the global demand for connectivity across Mobile and Internet of Things ecosystems. Net income rose to $281.3MM, or $1.51 per share, from $246.8MM, or $1.31 per share during 4Q16. Adj. EPS was up 24% to $1.82. Revenue jumped 18% YoY to $984.6MM.