Business Context and Reporting Period
Company: Skyworks Solutions, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: July 22, 2009
Reporting Period: Three and nine months ended July 3, 2009
This filing serves as a notification that the company issued a press release on July 22, 2009, announcing financial results for the specified periods. The detailed financial data is contained within Exhibit 99.1 (the press release) and is not explicitly detailed in the body of this 8-K form.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These figures are referenced as being contained in the attached press release (Exhibit 99.1).
Non-GAAP Measures: The company utilizes non-GAAP financial measures for operating results, net income, and earnings per share. These metrics exclude certain charges and non-recurring items to reflect ongoing operations. A reconciliation to GAAP measures is provided in the attached press release.
Material Changes
The filing does not explicitly detail material changes versus prior periods within the text of the 8-K. Investors must refer to the attached press release for comparative analysis of the three and nine-month periods ended July 3, 2009.
Guidance, Outlook, and Risks
Management Commentary: Management states that non-GAAP measures are primary indicators used for planning and forecasting future periods. The company believes these measures provide useful information by excluding items not indicative of ongoing operations.
Legal Disclaimer: The information in this filing and the accompanying exhibit is not deemed "filed" for purposes of Section 18 of the Exchange Act and is not incorporated by reference into other filings unless expressly stated.
Risks and Contingencies: No specific risks or contingencies are detailed in the text of this 8-K form.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific revenue, net income, and EPS figures for the periods ended July 3, 2009.
- Examine the reconciliation table in the press release to understand the adjustments made to derive non-GAAP results from GAAP results.
- Verify the specific non-recurring items or charges excluded from the non-GAAP calculations.
- Compare the reported results against the company's prior guidance or analyst expectations, if available in the press release.