Skyworks Solutions, Inc.

Good afternoon and welcome to Skyworks Solutions' third quarter fiscal year 2022 earnings call. This call is being recorded. At this time, I will turn the call over to Mitch Hawes, investor relations for Skyworks. Mr. Hawes, please go ahead.

Thank you, Joanne. Good afternoon, everyone, and welcome to Skyworks' third fiscal quarter 2022 conference call. With me today are Liam Griffin, our chairman, chief executive officer 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 press 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 double-digit year-over-year growth in revenue and non-GAAP earnings per share, highlighting our resilient business model and disciplined execution. With strong design wind momentum across an expanding and diverse customer set, we are well positioned to drive sequential growth into the second half of the calendar year. Looking at the quarter in more detail, we delivered record Q3 revenue of $1.23 billion, above consensus and up 10% compared to last year. Highlighting our content expansion in premium 5G-enabled smartphones, along with growth in automotive, data center, and network infrastructure. We achieved gross margin of 51.2%. We posted earnings per share of $2.44, up 13% year over year. We have continued to return cash to shareholders through dividends and share repurchases. And today, we announced an 11% increase to our quarterly dividend. That marks our eighth consecutive year of dividend increases. In addition to generating solid results in a challenging macro environment, we are leveraging decades of targeted investments to drive a pipeline of design wins spanning an array of market-critical solutions. Specifically in mobile, we delivered Sky5 platforms to the leading smartphone OEMs, including launches at Google, Samsung, and many others. Skyworks technology leadership, innovation, and scale has allowed us to continue to capture an outsized share of our mobile revenue from high-performance 5G platforms. In enterprise and IoT, we powered tri-band access points at Cisco, ramped Orange LiveVog 6, Europe's first carrier-grade 6E platform. We launched advanced solutions with Verizon for integrated Wi-Fi and cellular gateways and supported Google's newest Pixel Watch with our cellular, GPS, Wi-Fi, and Bluetooth technologies. In automotive, we achieved an all-time record revenue this last quarter as we executed on our vision to drive connectivity and lead the shift to electrification. During the quarter, we ramped next-generation wireless and EV power technology across multiple top OEMs. We leveraged our timing solutions with a market-leading robotaxi and driverless vehicle provider. And finally, in infrastructure and industrial, we captured multiple design wins at European equipment and service providers, fueling massive MIMO deployments. We delivered integrated timing solutions to the market leaders in data center and network infrastructure. And we shipped modules for high-power industrial and IoT applications, supporting a prominent brand in smart energy. Moving forward, we see a continued expansion in data consumption dependent on seamless, reliable, and ubiquitous wireless connectivity. A few statistics illustrate this point. Global wireless data traffic is expected to grow at a 27% annual rate over the next five years. Machine-to-machine connections, the fastest growing IoT category, will soon surpass 15 billion users. By 2030, we expect 650 million connected cars, each consuming 25 times the data that we see in today's smartphone. Over the past two decades, Skyworks has made critical investments to power this connectivity transformation, addressing all key network technologies from cellular to advanced Wi-Fi, enhanced GPS, and Bluetooth, among others. Capitalizing on both organic growth and strategic acquisitions, we are gaining momentum and high growth verticals, while at the same time diversifying our revenue and customer sets. Looking ahead, our design wind pipeline and unique in-house capabilities are positioning us for continued outperformance. Leveraging decades of innovation, we deliver purpose-built solutions underpinned by in-house gallium arsenide, temperature-compensated soft filters, bulk acoustic wave technologies, and customized packaging. With that, I will turn the call over to Chris. for discussion of Q3 and our Q4 outlook. Thanks, Liam.