Skyworks Solutions, Inc. is a semiconductor company that manufactures semiconductors for use in radio frequency and mobile communications systems.
The stock has soared over the past six months on signs of accelerating growth, and today's second-quarter results -- earnings
per share of $0.62 beating the consensus by $0.03 on a revenue increase of 13% -- coupled with an upbeat outlook only reinforce that trend. In fact, Skyworks' operating margin expanded 370 basis points year over year to 27.1%, suggesting that its cost structure and competitive position are also improving.
Despite being a growth stock, valuations are not demanding.
Now what: Management now sees current-quarter EPS of $0.73 on revenue of about $535 million, well ahead of the consensus of $0.63 and $487 million.