Skyworks Solutions SWKS reported fourth-quarter fiscal 2022 non-GAAP earnings of $3.02 per share, beating the Zacks Consensus Estimate by 3.78% and increasing 15.3% year over year.Revenues of $1.41 billion surpassed the Zacks Consensus Estimate by 0.25% and increased 7.3% on a year-over-year basis.The company’s quarterly results benefited from an increased rate of premium 5G deployment along with growth in automotive, industrial and infrastructure end markets.Mobile revenues accounted for 64% of total revenues. Skyworks delivered integrated platforms to the leading 5G smartphone OEMs, including flagship and mid-tier launches at Google, Samsung and others.Broad markets revenues increased 30% year over year and accounted for 36% of total revenues.Skyworks Solutions, Inc. Price, Consensus and EPS Surprise Skyworks Solutions, Inc. price-consensus-eps-surprise-chart | Skyworks Solutions, Inc. QuoteSkyworks partnered with Vodafone to launch the UK's first Wi-Fi 6E platform in the reported quarter. It shipped tri-band platforms for Frontier Communications and launched connectivity solutions with Amazon, supporting their Wi-Fi 6 Power over Ethernet access points.Skyworks won a new infrastructure contract at Samsung, enabling service providers to expand mid-band capacity and coverage.Operating DetailsNon-GAAP gross margin expanded 30 basis points (bps) on a year-over-year basis to 51.3%.Research & development expenses, as a percentage of revenues, decreased 80 bps year over year to 10.6%.Selling, general and administrative expenses decreased 140 bps to 6.2% in the reported quarter.Non-GAAP operating margin expanded 40 bps on a year-over-year basis to 37.6% in the reported quarter.Balance Sheet & Cash FlowAs of Sep 30, 2022, cash & cash equivalents and marketable securities were $586.8 million compared with $662.2 million as of Jul 1, 2022.Long-term debt was $2.19 billion as of Sep 30, 2022, flat with the prior quarter.Cash generated by operating activities was $236.3 million in the quarter under discussion compared with $213.9 million in the previous quarter.Skyworks repurchased 0.8 million shares for $80 million in the reported quarter.Skyworks announced a quarterly dividend of 62 cents per share, payable on Dec 13, 2022, to shareholders of record as of Nov 22.GuidanceFor the first quarter of fiscal 2023, Skyworks expects revenues between $1.300 billion and $1.350 billion. Revenues are expected to decline sequentially.Gross margin is expected between 51.25% and 51.75%. Operating expenses are expected to be in the range of $190-$193 million.Earnings are expected to be $2.59 per share at the mid-point of this revenue guidance.Zacks Rank & Stocks to ConsiderSkyworks currently carries a Zacks Rank #3 (Hold).Asure Software ASUR, Absolute Software ABST, and Agilent Technologies A are some better-ranked stocks that investors can consider in the broader Zacks Computer & Technology sector. All three stocks have a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Asure shares are down 15% year to date. ASUR is set to report third-quarter 2022 results on Nov 7.Absolute shares are up 19.9% year to date. ABST is set to report first-quarter fiscal 2023 results on Nov 8.Agilent shares are down 15.7% year to date. A is set to report fourth-quarter fiscal 2022 results on Nov 21. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A): Free Stock Analysis Report Skyworks Solutions, Inc. (SWKS): Free Stock Analysis Report Asure Software Inc (ASUR): Free Stock Analysis Report Absolute Software Corporation (ABST): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research