SWKS Stock Recent News

Skyworks Solutions, Inc. (NASDAQ:SWKS ) Q4 2023 Earnings Conference Call November 2, 2023 4:30 AM ET Company Participants Raji Gill - Investor Relations Liam Griffin - CEO, President & Chairman of the Board Kris Sennesael - Senior VP & CFO Conference Call Participants Chris Caso - Wolfe Research Karl Ackerman - Exane BNP Paribas Ruben Roy - Stifel Financial Corp. Matt Myers - Susquehanna Tim Arcuri - UBS Edward Snyder - Charter Equity Matt Ramsay - Cowen and Company Blake Friedman - Bank of America Merrill Lynch Operator Good afternoon, and welcome to the Skyworks Solutions Fourth Quarter Fiscal Year 2023 Earnings Call. This call is being recorded.

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 fourth quarter fiscal 2023 results and business outlook on Nov. 2, 2023, at 4:30 p.m. EDT. After the close of the market on Nov. 2, and prior to the conference call, Skyworks will issue a copy of the earnings press release via Business Wire. The press releas.

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

We're downgrading Skyworks Solutions, Inc. to a hold as we see financial performance moderating due to macro headwinds and the softer demand environment. Additionally, we see limited potential for margin expansion as the company needs to manage its fab utilization to reduce its on-hand inventory level for the next 2-quarters. Skyworks Solutions has risen 28% since our upgrade in November of last year and outperformed the S&P 500 by 9%.

Apple is posting sluggish growth from its iPhone business, which isn't helping Skyworks Solutions. Skyworks has been working on chips beyond the iPhone, which appears to be where much of its forward-looking growth is coming from.

Skyworks' (SWKS) third-quarter fiscal 2023 results reflect strong automotive, infrastructure, and industrial end-markets amid a challenging macroeconomic environment.

Skyworks Solutions (SWKS) came out with quarterly earnings of $1.73 per share, beating the Zacks Consensus Estimate of $1.67 per share. This compares to earnings of $2.44 per share a year ago.

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 conduct a conference call with analysts to discuss its third quarter fiscal 2023 results and business outlook on Aug. 7, 2023, at 4:30 p.m. EDT. After the close of the market on Aug. 7, and prior to the conference call, Skyworks will issue a copy of the earnings press release via Business Wire. The press rele.

Skyworks: Unlock Value With This Cash Flow Machine

Skyworks Solutions is expected to grow at a double-digit rate due to demand for wireless communication applications in various industries. Trading at value multiples could be justified, as SWKS faces risks such as heavy reliance on Apple as a customer and downturn in semis demand as the macro outlook worsens. The company is well-run with a solid balance sheet and has been shareholder-friendly, repurchasing shares and paying dividends consistently.