Skyworks Solutions Inc. reported unaudited consolidated earnings results for the first quarter ended January 02, 2014. For the quarter, the company's GAAP net income increased to $195.2 million or $1.01 per diluted share from $94.5 million, or $0.49 per diluted share, a year earlier. Non-GAAP EPS was $1.26. Revenue increased 59% to $805.5 million compared to $505.2 million a year ago. Operating income was $246.8 million compared to $116.0 million a year ago. Income before income taxes was $247.5 million compared to $116.0 million a year ago. Non-GAAP operating income was $282.0 million compared to $141.8 million a year ago. Non-GAAP net income was $244.8 million compared to $127.7 million a year ago. Cash Flow from operations was $383 million. The company invested $87 million in capital expenditures with depreciation of $36 million.

The company provided earnings guidance for the second quarter of 2015. For the period, the company anticipates EPS of $1.12 and revenue of $750 million. The company expects gross margin in the range of 46% to 46.5% with operating expenses of approximately $95.5 million.