Skyworks Solutions, Inc.

Good afternoon and welcome to Skyworks Solutions' third quarter fiscal year 2021 earnings call. This call is being recorded. At this time, I will turn the call over to Mitch Haas, investor relations for Skyworks. Mr. Haas, please go ahead.

Thank you, Rachel. Good afternoon, everyone, and welcome to Skyworks' third fiscal quarter 2021 conference call. With me today are Liam Griffin, our chairman, CEO, and president, and Chris Senesal, our chief financial officer. Before we begin, I would like to remind everyone that our discussion will include statements relating to future results and expectations that are or may be considered forward-looking statements. Please refer to our earnings release and recent SEC filings, including our annual report on Form 10-K, for information on certain risks that could cause actual outcomes to differ materially and adversely from any forward-looking statements made today. The results and guidance we will discuss include non-GAAP financial measures consistent with our past practice. Please refer to our press release within the investor relations section of our company website for a complete reconciliation to GAAP. With that, I'll turn the call to Liam.

Thanks, Mitch, and welcome, everyone. Skyworks delivered record third quarter results with strong year-over-year growth in both revenue and earnings per share. Further, the completion of our acquisition of the infrastructure and automotive business of Silicon Labs we have significantly expanded our market opportunity while accelerating our top and bottom line growth. Here are a few highlights. In the quarter, we delivered revenue of $1.116 billion, 52% above Q3 of last year. We posted a new Q3 record for earnings with EPS of $2.15, above consensus and representing a year-over-year increase of 72%. And given our strong and predictable cash generation, we announced a substantial increase to our quarterly dividend. Looking ahead, we expect continued momentum as we execute on strong design wins with our mobile and broad market customers, levered by the performance gains of 5G. We are seeing a tipping point, with 5G acting as the catalyst transforming entire industries, from telemedicine and autonomous driving to factory automation and intelligent energy management. By increasing efficiency, these 5G-enabled applications are also lowering carbon footprints and driving renewable energy. Skyworks is at the center of this unique technological shift in its reliance on wireless connectivity, with innovative solutions developed over 20 years and across multiple technology transitions. The combination of our innovative solutions broad customer reach, and unrivaled manufacturing scale drove another quarter of strong design win execution. In mobile, we expanded the reach of our Sky5 portfolio, powering upcoming smartphone launches at Tier 1 manufacturers, including Google, Oppo, Vivo, Xiaomi, among others. In IoT, we secured wins across a diverse set of customers. Specifically, we delivered Wi-Fi front-end modules to Facebook for their new portal launch, captured design wins at Peloton, supporting home fitness applications, partnered with Linksys on their newest Wi-Fi 6E mesh network system, and ramped additional advanced Wi-Fi platforms at Altice, Charter Communications, and Aruba Networks. We also launched connected home and security solutions at Honeywell. and ship cognitive audio platforms to Samsung and Vizio for their home theater systems. In wireless infrastructure, we continue to leverage our small cell and advanced MIMO expertise in support of multiple Tier 1 OEMs. And finally, in automotive, we strengthened our position across the global ecosystem with our integrated solutions enabling advanced telematics for leading auto manufacturers. In summary, Skyworks' trusted technologies play a pivotal and essential role in the way we live, work, play, and educate, enabling ubiquitous, reliable, ultra-fast connections, positioning our business for continued growth. Skyworks' success is underpinned by unique strengths, including our highly integrated connectivity engines, powering applications across an increasingly diverse array of customers in multiple high-growth end markets. a differentiated manufacturing footprint, levering strategic technologies from high-performance filters to custom gallium arsenide and advanced packaging. And finally, along with our seasoned and diligent workforce, we maintain deep collaborative relationships with our customers. These advantages will be further enhanced by the acquisition of the I&A business. This combination immediately broadens our product portfolio augments our engineering prowess, and expands our market reach while diversifying revenue and enhancing profitability. With that, I will turn the call over to Chris for a discussion of Q3 and our outlook for Q4.