SWKS Stock Recent News

Skyworks (SWKS) second-quarter fiscal 2024 results reflect strength in broad markets and edge IoT product line amid a challenging macroeconomic environment.

Skyworks Solutions, Inc. (NASDAQ:SWKS ) Q2 2024 Earnings Conference Call April 30, 2024 4:30 PM ET Company Participants Raji Gill - Vice President, Investor Relations Liam Griffin - Chairman, Chief Executive Officer and President Kris Sennesael - Senior Vice President and CFO Conference Call Participants Chris Caso - Wolfe Research Matthew Ramsay - TD Cowen Edward Snyder - Charter Equity Research Karl Ackerman - BMP Paribas Thomas O'Malley - Barclays Ruben Roy - Stifel Peter Peng - JPMorgan Cody Acree - The Benchmark Company Quinn Bolton - Needham & Company Operator I would like to introduce Raji Gill, Vice President of Investor Relations for Skyworks. Raji Gill Thank you, operator.

Skyworks Solutions (SWKS) came out with quarterly earnings of $1.55 per share, beating the Zacks Consensus Estimate of $1.52 per share. This compares to earnings of $2.02 per share a year ago.

Skyworks Solutions' revenue growth in 2023 deviated from our projections due to underperformance in the Mobile segment. The Mobile segment experienced negative growth of 14.4% in 2023, attributed to softness in the smartphone market. The Broad Markets segment also saw a decline in revenue growth, but remains poised for long-term growth with strategic restructuring and innovative product introductions.

IRVINE, Calif.--(BUSINESS WIRE)--Skyworks Solutions, Inc. (Nasdaq: SWKS), an innovator of high-performance analog and mixed-signal semiconductors connecting people, places and things, will host a conference call with analysts to discuss its second quarter fiscal 2024 results and business outlook on April 30, 2024, at 4:30 p.m. EDT. After the close of the market on April 30, and prior to the conference call, Skyworks will issue a copy of the earnings press release via Business Wire. The press re.

Skyworks (SWKS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Top calls today are Alphabet, Skyworks and Ulta.

There are some alternative chip stocks available beyond the marquee names of Nvidia (NASDAQ: NVDA ), Intel (NADAQ: INTC ) and the like. The reason I'm bullish on these companies is because they have one thing in common: lower valuations than the mainstream stocks we're all used to talking about.

Skyworks Solutions reported in-line results and solid guidance, with a turning point in the Android market and growth in semiconductor businesses on the horizon. The company's business model is complex, with divisions between broad markets and mobile, making it difficult to project future performance. Skyworks sees opportunities for growth in the broad markets segment, particularly in consumer IoT and infrastructure, while expecting temporary headwinds in wireless infrastructure and traditional data centers.

Skyworks (SWKS) reported earnings 30 days ago. What's next for the stock?