Skyworks Solutions faces challenges due to declining smartphone demand, but maintains stability with strong margins, cash flow, and a growing Broad Markets segment. The company's strategy focuses on technological leadership, expanding customer base, and diversifying into automotive, IoT, and infrastructure markets. Despite a 39.23% stock drop, SWKS' financial health and strategic shifts justify a "hold" rating, with potential buying opportunities around $55 per share.
Skyworks (SWKS) reported earnings 30 days ago. What's next for the stock?
Skyworks Solutions, Inc. (NASDAQ:SWKS ) Morgan Stanley Technology, Media & Telecom Conference March 5, 2025 1:45 PM ET Company Participants Phil Brace - CEO Conference Call Participants Joe Moore - Morgan Stanley Joe Moore Okay. Let me just start off with this disclosure.
Skyworks Solutions reported strong December results and guided slightly above analysts' estimates for March. The company disclosed losing half of a major Apple socket to a competitor, likely Broadcom or Qorvo, but not Qualcomm. This loss overshadowed the quarterly results, making it the most critical news for investors.
Jenny Harrington, CEO Gilman Hill Asset Management, joins CNBC's "Halftime Report" to detail her trading strategy on Skyworks, down 25% this week.
Skyworks Solutions' shares dropped over 20% due to some negative news, despite better-than-expected earnings and guidance. The revenue decline was anticipated, and profitability exceeded estimates, making the share price reaction seem overblown. New CEO Philip Brace's appointment and concerns about Skyworks' role in iPhone 17 are insufficient to justify the market's harsh reaction.
The semiconductor trade is hit with red arrows. Skyworks Solutions (SWKS) saw a massive slide down after losing a chunk of its business with Apple (AAPL).
SWKS' fiscal first-quarter results reflect strong mobile growth, offset by high inventory, uneven demand, and muted recovery in automotive and industrial markets.
Shares of semiconductor stocks Arm Holdings PLC (NASDAQ:ARM), Qualcomm Inc (NASDAQ:QCOM), and Skyworks Solutions Inc (NASDAQ:SWKS) are gapping lower after their respective earnings reports.
Despite posting an earnings beat, chipmaker Skyworks Solutions (SWKS) plunged more than 25% in premarket trading. Jenny Horne attributes the massive sell-off to increasing competition for Apple's (AAPL) business.
Skyworks Solutions, Inc. (NASDAQ:SWKS ) Q1 2025 Earnings Conference Call February 5, 2025 4:30 PM ET Company Participants Raji Gill - VP of IR Liam Griffin - Chairman, CEO & President Kris Sennesael - SVP & CFO Conference Call Participants Edward Snyder - Charter Equity Research Christopher Rolland - Susquehanna Karl Ackerman - BNP Paribas Toshiya Hari - Goldman Sachs Peter Peng - JPMorgan Liam Pharr - Bank of America Nicholas Doyle - Needham & Company Operator Good afternoon and welcome to Skyworks Solutions First Quarter Fiscal Year Earnings Call. This call is being recorded.
Skyworks Solutions (SWKS) came out with quarterly earnings of $1.60 per share, beating the Zacks Consensus Estimate of $1.57 per share. This compares to earnings of $1.97 per share a year ago.