SWKS Stock Recent News

One is a wireless networking specialist with more than 8,000 customers. One specializes in automotive chips and boasts a market value of over $50 billion.

Skyworks beat earnings expectations in fiscal Q2 and met sales expectations. But sales saw a significant year-over-year decline in the quarter.

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 in its September 2023 fiscal year generated 66% of revenue from a single customer—Apple.

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.