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Skyworks Reports Solid Q2, Also Hurt By ZTE Ban

For the fiscal second quarter, Skyworks reported that revenue grew 7 percent year-pver-year (Y/Y) to $913 million, non-GAAP gross margin increased 30 basis points (Y/Y) to 50.7 percent and earnings per share (EPS) grew 13 percent Y/Y to $1.64. The company also disclosed the ban on exporting products to ZTE represents a $25 million to $30 million reduction in annual revenue, mostly from mobile phone products.


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