Skyworks Solutn - SWKS STOCK NEWS

Skyworks Solutions, Inc. (Nasdaq: SWKS) is set to hold a conference call on July 29, 2021, at 4:30 p.m. EDT to discuss its third quarter fiscal 2021 results and future business outlook. The earnings press release will be available on the company’s website immediately following the market close on the same day. Investors can access the call via the internet or telephone. Playback options will be available from 9 p.m. EDT on July 29 until 9 p.m. EDT on August 5. Skyworks specializes in high-performance analog semiconductors for a range of industries, including automotive and medical.

Skyworks Solutions (Nasdaq: SWKS) showcased its advanced capabilities in next-gen 5G infrastructure by demonstrating compliance with 3GPP requirements for C-band signals alongside Xilinx (Nasdaq: XLNX). Their joint demo utilized a 280 MHz bandwidth solution featuring the Xilinx Zynq RFSoC Gen 3 and the SKY66523-11 power amplifier, essential for 5G small cell applications. This technology enables operators to achieve compliance with critical specifications, and preparations for A-block spectrum deployment are already underway, following a historic $81 billion FCC auction for C-band spectrum.

Skyworks Solutions (Nasdaq: SWKS) announces the retirement of chairman David J. Aldrich, who has been with the company since 1995, and the appointment of Liam K. Griffin as the new chairman. Griffin, who continues as CEO, brings nearly 20 years of experience in executive roles. Christine King remains the lead independent director. Aldrich's leadership significantly shaped Skyworks' reputation for innovation. Griffin expressed confidence in the company's future as they pursue long-term goals.

Skyworks Solutions, Inc. (Nasdaq: SWKS) priced $1.5 billion in senior notes to finance its $2.75 billion acquisition of Silicon Laboratories' Infrastructure & Automotive business. The offering includes $500 million each of 0.900% Notes due 2023, 1.800% Notes due 2026, and 3.000% Notes due 2031. If the acquisition doesn't close by October 29, 2021, the 2023 Notes will be redeemed at 101% of the principal amount. Closing of the offering is expected on May 26, 2021.

Skyworks Solutions, Inc. (SWKS) reported impressive second fiscal quarter results for the period ending April 2, 2021, with revenue of $1.172 billion, a 53% increase year-over-year, surpassing estimates. The GAAP operating income stood at $374.7 million with diluted earnings per share of $1.95. Non-GAAP figures showed operating income of $440.1 million and diluted earnings per share of $2.37. Looking ahead, the company anticipates revenue between $1.075 billion and $1.125 billion for the third fiscal quarter, indicating a 49% growth compared to the previous year.

Silicon Labs (NASDAQ: SLAB) reported strong Q1 2021 results with revenue hitting $255.5 million, surpassing the forecast and up from $242.9 million in Q4 2020. IoT revenue reached $158.2 million, a 34% year-on-year increase. GAAP diluted EPS stood at $0.29, while non-GAAP EPS was $0.91. The company announced the sale of its Infrastructure & Automotive business to Skyworks Solutions (NASDAQ: SWKS) for $2.75 billion in cash, focusing on IoT growth. Expected Q2 revenue ranges between $262 to $272 million.

Silicon Labs has entered into a definitive agreement to sell its Infrastructure and Automotive (I&A) business to Skyworks Solutions for $2.75 billion in cash. This strategic move is aimed at enhancing Silicon Labs' focus on the IoT market, anticipated to accelerate growth opportunities. Following the transaction, the company plans to return approximately $2.0 billion to shareholders through dividends and share repurchases. Additionally, Silicon Labs reported expected Q1 revenue of $255 million, a 19% increase year-over-year.

Skyworks Solutions (Nasdaq: SWKS) has announced an all-cash acquisition of Silicon Laboratories’ (Nasdaq: SLAB) Infrastructure & Automotive business for $2.75 billion. This strategic move enhances Skyworks' capabilities in high-growth sectors such as electric vehicles, industrial control, and 5G infrastructure, aiming to tap into a combined market opportunity of nearly $20 billion annually. The acquisition is expected to close in Q3 2021, subject to regulatory approvals, and will bolster Skyworks' revenue and margin growth by integrating approximately 350 new employees and technologies into its operations.

Skyworks Solutions, Inc. (Nasdaq: SWKS) is set to hold a conference call on April 29, 2021, at 4:30 p.m. EDT to discuss its second quarter fiscal 2021 results and business outlook. The earnings press release will be issued after market close on the same day and available on Skyworks' website. Interested parties can listen to the conference call online or via telephone. A playback option will be available until May 6, 2021. Skyworks is a leader in high-performance analog semiconductors across various markets, contributing to the wireless networking revolution.