Skyworks Solutions ($SWKS) Beats Q2 Expectations 

Skyworks Solutions Inc [stckqut]SWKS[/stckqut] reported strong Q2 results Thursday and beat the Street’s expectations.Revenue came in at $762 Million, up 58 percent year-over-year, beating the Wall Street consensus of $750.82 million.Non-GAAP Diluted EPS was $1.15, up 85 percent year-over-year, beating the Wall Street consensus of $1.13 while GAAP EPS was $0.85 for Q2.

The results came in below the Estimize EPS consensus of $1.17, however, it was above the revenue expectation of $759.78 million.

“Skyworks’ outperformance underscores the success of our diversification strategy, as positive momentum across our customer base, end markets and product lines helped to mitigate normal March quarter seasonality,” said David J. Aldrich, chairman and chief executive officer of Skyworks.

Source: Skyworks Solutions Beats Q2 Expectations – Skyworks Solutions, Inc. (NASDAQ:SWKS) | Benzinga

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