A closer look at the metrics
Moving ahead, the Non-GAAP gross profit for the quarter went up to $440.1 million from $329.6 million for the fourth quarter, 2014. Further, the gross margin went up 50% from 45.9% for the previous year’s same quarter.
Looking forward to income, the Non-GAAP operating income was $335.2 million for the quarter as …show more content…
Skyworks has also supported, smartphone named Moto X with the help of with five devices.
In addition, Skyworks has acquired PMC Sierra for $11.60 per share, which will diversify company’s business for future growth.
The company has trailing P/E ratio of 18.25 and forward P/E ratio of 10.39, showing the company’s rapid future growth. Skyworks has PEG ratio of 0.60, indicating that it will have to pay less for its future growth earnings. Further, Skyworks has Price/Sales ratio of 4.41 and Enterprise Value/Revenue of 4.03. In addition, the Current Ratio went down to 4.13 for the quarter, from 4.80 for the same period, last year.
To wrap up, Skyworks Solutions posted solid fourth quarter, 2015 results. The quarter’s revenue and Diluted earnings per share surpassed the expectations. In addition, the quarter posted increased revenue, gross profit, operating income, and net income. The Diluted earnings per share for the quarter went up to $1.52 from $1.12 for the fourth quarter, 2014. The forward P/E ratio shows company’s rapid future growth. The PEG ratio is