Skyworks Solutions Inc. (NASDAQ:SWKS) Q1 2015 Earnings Conference Call - Final Transcript
Jan 22, 2015 • 05:00 pm ET
Harsh Kumar, Stephens.
Hey guys, first of all congratulations, stellar quarter, stellar guide, and special congratulations on hitting that 35% mark. That's like the go standard in the semi business. I just wanted to say, your numbers in March, your guidance in March is better than seasonal I guess if there was any overarching reason why that is so if you would just give us some color around that?
Some of these assumptions in our Q2 guidance that allow us to offset seasonality at first, our broad markets products and the aggregate of all of our vertical markets are much less than seasonal. So that's helping. We're seeing new opportunities that were ramping and specifically in the connected home, significant wearable products in fact.
We also have some customers that are starting to ramp with new mobile platforms for 2015 and they are doing so in the March quarter. So we are seeing content gains, we are seeing more high value added analog systems both in the mobile and in non mobile, and that's helping Q2.
Great and then as a follow-up, if you look beyond March I think one of your customers had a pretty substantial ramp. As you look beyond March, just I am not asking you to give color but just maybe some I am not asking to give numbers but just some color, what would be the puts and takes on growth let's say in the June and the September quarter and the rest of the year?
Well, that's a good question. Obviously we don't provide guidance for the year but if you look at our Q1 results and add our Q2 guidance, we are well over 50% top line growth through the first half.
If one would take just normal seasonal patterns for the rest of the year and our track record of growing faster in the market we are looking at a very attractive we think another high growth 2015.
And plus we got strong visibility today because we are actually ramping programs now. So I think the positive dynamics that are going to continue to fuel this above market performance for us, we are continuing to see big content gains in mobile and connectivity particularly 4G and 11ac by the way.
We continue to see a small number of competitors and consolidation of share favoring those companies led by Skyworks that can do a complete overall solution.
And our broad markets and vertical segments continue to outperform. I think all of these will play out not only Q1 and Q2 but over the long haul.
Rick Schafer, Oppenheimer.
Great, thanks and I'll add my congratulations guys, nice job on the quarter. I had a quick follow up question just kind of talking about the or looking at what you guys sort of expect to see or what's your expectations are for content increases this year with your two top wireless customers as well as China and emerging markets. I mean is it too early