Skyworks Updates Fourth Fiscal Quarter Business Outlook
10 Outubro 2005 - 5:34PM
Business Wire
Skyworks Solutions, Inc. (NASDAQ:SWKS), a global leader in analog,
mixed signal and digital semiconductors for mobile communications
applications, today announced that based upon preliminary review of
its unaudited financial results, the company expects revenue for
the fourth fiscal quarter ended Sept. 30, 2005, to be approximately
$190 million. This outlook is below the low end of the company's
guidance of $194 million provided in July 2005, and consensus
estimates of $198.7 million. Skyworks' revised revenue guidance is
a result of two factors: first, a one-time payment to a customer
recorded against current period revenue; second, a late-quarter
demand shift away from hub/consigned products and toward highly
integrated GPRS, EDGE and WCDMA front-end modules, which the
company was unable to support within the quarter given material and
capacity constraints. Gross margin and operating income for the
fourth fiscal quarter are expected to be impacted by the full
amount of the change in revenue, due to the nature of the customer
payment and the shift in product mix. As a result, operating income
is expected to be in the range of $7 to $10 million. "We are
obviously disappointed with our preliminary fourth fiscal quarter
results and are taking aggressive steps to eliminate supply chain
bottlenecks, ensuring our ability to fully capture shifting
customer demand going forward," said David J. Aldrich, Skyworks'
president and chief executive officer. "We believe the payment to a
strategic customer is a good investment in our relationship and
should benefit future periods. Meanwhile, we are experiencing
recent order strength driven by the customer adoption of our newest
front-end module solutions, Helios(TM) EDGE radios and family of
linear products, which bodes well for accelerating growth and our
ability to deliver on our commitment of expanding margins as we
enter the December quarter." The company plans to report its fiscal
fourth quarter and year-end earnings on Nov. 2. At that time,
management will hold its regular analyst conference call and
provide more details on the quarter's results and the guidance for
the first fiscal quarter of 2006. About Skyworks Skyworks
Solutions, Inc. is a global leader in analog, mixed signal and
digital semiconductors for mobile communications applications. The
company's power amplifiers, front-end modules, direct conversion
transceivers and complete system solutions are at the heart of many
of today's leading-edge multimedia handsets, cellular base stations
and wireless networking platforms. Skyworks also offers a portfolio
of highly innovative linear products, supporting a diverse set of
automotive, broadband, industrial and medical customers.
Headquartered in Woburn, Mass., Skyworks is worldwide with
engineering, manufacturing, sales and service facilities throughout
Asia, Europe and North America. For more information, please visit
the Skyworks Web site at: www.skyworksinc.com. Safe Harbor
Statement This news release includes "forward-looking statements"
intended to qualify for the safe harbor from liability established
by the Private Securities Litigation Reform Act of 1995. These
forward-looking statements include information relating to future
results of Skyworks (including certain projections and business
trends). Forward-looking statements can often be identified by
words such as "anticipates," "expects," "intends," "believes,"
"plans," "may," "will," "continue," similar expressions, and
variations or negatives of these words. All such statements are
subject to certain risks and uncertainties that could cause actual
results to differ materially and adversely from those projected,
and may affect our future operating results, financial position and
cash flows. These risks and uncertainties include, but are not
limited to: global economic and market conditions, such as the
cyclical nature of the semiconductor industry and the markets
addressed by the company's and its customers' products; demand for
and market acceptance of new and existing products; the ability to
develop, manufacture and market innovative products in a rapidly
changing technological environment; the ability to compete with
products and prices in an intensely competitive industry; product
obsolescence; losses or curtailments of purchases from key
customers or the timing of customer inventory adjustments; the
timing of new product introductions; the availability and extent of
utilization of raw materials, critical manufacturing equipment and
manufacturing capacity; pricing pressures and other competitive
factors; changes in product mix; fluctuations in manufacturing
yields; the ability to continue to grow and maintain an
intellectual property portfolio and obtain needed licenses from
third parties; the ability to attract and retain qualified
personnel; labor relations of the company, its customers and
suppliers; economic, social and political conditions in the
countries in which Skyworks, its customers or its suppliers
operate, including security and health risks, possible disruptions
in transportation networks and fluctuations in foreign currency
exchange rates; and the uncertainties of litigation, as well as
other risks and uncertainties, including but not limited to those
detailed from time to time in the company's filings with the
Securities and Exchange Commission. These forward-looking
statements are made only as of the date hereof, and the company
undertakes no obligation to update or revise the forward-looking
statements, whether as a result of new information, future events
or otherwise. Note to Editors: Skyworks and Skyworks Solutions are
trademarks or registered trademarks of Skyworks Solutions, Inc. or
its subsidiaries in the United States and in other countries. All
other brands and names listed are trademarks of their respective
companies.
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