Technology

GlobalFoundries (NASDAQ:GFS) Q2 Adjusted EPS, Revenue Decline; Q3 Revenue Guidance Misses Street View

GlobalFoundries (NASDAQ:GFS) reported Q2 adjusted earnings of $0.53 per diluted share , compared with $0.58 a year earlier. Analysts polled by Capital IQ expected an adjusted EPS of $0.50. Revenue for the quarter ended June 30 was $1.85 billion, compared with $1.99 billion a year earlier. Analysts surveyed by Capital IQ expected $1.83 billion. For Q3, the company said it expects adjusted EPS of $0.46 to $0.54 on revenue of $1.83 billion to $1.87 billion. Analysts polled by Capital IQ are expecting adjusted EPS of $0.54 on revenue of $1.90 billion.

GlobalFoundries (NASDAQ:GFS) Q2 Adjusted EPS, Revenue Decline; Q3 Revenue Guidance Misses Street View Read Post »

Skyworks Solutions, Inc. (Nasdaq: SWKS) Q4 2023 Outlook issued

Skyworks Solutions, Inc. (Nasdaq: SWKS)  Fourth Fiscal Quarter 2023 Outlook We provide earnings guidance on a non-GAAP basis because certain information necessary to reconcile such guidance to GAAP is difficult to estimate and dependent on future events outside of our control. Please refer to the attached Discussion Regarding the Use of Non-GAAP Financial Measures in this earnings release for a further discussion of our use of non-GAAP measures, including quantification of known expected adjustment items. “We expect double-digit sequential revenue and earnings growth in the September quarter,” said Kris Sennesael, senior vice president and chief financial officer of Skyworks. “Specifically, in the fourth fiscal quarter of 2023, we anticipate revenue to be between $1.190 billion and $1.240 billion with non-GAAP diluted earnings per share of $2.10 at the midpoint of our revenue range, representing sequential revenue and non-GAAP diluted earnings per share growth of 13% and 21%, respectively. In addition,

Skyworks Solutions, Inc. (Nasdaq: SWKS) Q4 2023 Outlook issued Read Post »

Skyworks Solutions, Inc. (Nasdaq: SWKS) Reports Q3 FY23 Results

Skyworks Reports Q3 FY23 Results   —  Delivers Revenue of $1.071 Billion   —  Posts GAAP Diluted EPS of $1.22 and Non-GAAP Diluted EPS of $1.73   —  Generates Quarterly Operating Cash Flow of $305.7 Million and Record      Year-to-Date Operating Cash Flow of $1.491 Billion   —  Guides to Double-Digit Sequential Revenue and Non-GAAP Diluted EPS      Growth in Q4 FY23   —  Increases Quarterly Dividend by 10% to $0.68 Per Share IRVINE, Calif.–(BUSINESS WIRE)–August 07, 2023– Skyworks Solutions, Inc. (Nasdaq: SWKS), an innovator of high-performance analog and mixed signal semiconductors connecting people, places and things, today reported third fiscal quarter results for the period ended June 30, 2023. Revenue for the third fiscal quarter of 2023 was $1.071 billion. On a GAAP basis, operating income for the third fiscal quarter was $230.7 million with diluted earnings per share of $1.22. On a non-GAAP basis, operating income

Skyworks Solutions, Inc. (Nasdaq: SWKS) Reports Q3 FY23 Results Read Post »

Scroll to Top