Skyworks Solutions, Inc. reported mixed Q4 results with sequential revenue growth but year-over-year declines and disappointing guidance, impacting investor sentiment. Despite current struggles, I believe the upcoming smartphone refresh cycle, driven by AI and 5G, will significantly benefit Skyworks in 2025. The company's strong cash position and reduced debt mitigate insolvency risks, even with current profitability challenges.
SWKS fourth-quarter results reflect strong mobile growth, offset by high inventory, uneven demand, and muted recovery in automotive and industrial markets.
Skyworks Solutions Inc SWKS shares are trading lower on Wednesday after the company reported fourth-quarter results and several analysts cut the price target.
Skyworks Solutions, Inc. (NASDAQ:SWKS ) Q4 2024 Earnings Conference Call November 12, 2024 4:30 PM ET Company Participants Raji Gill - Vice President of Investor Relations Liam Griffin - Chairman, Chief Executive Officer & President Kris Sennesael - Senior Vice President & Chief Financial Officer Conference Call Participants Peter Peng - JPMorgan Edward Snyder - Charter Equity Research Timothy Arcuri - UBS Krish Sankar - TD Cowen Michael Mani - Bank of America Securities Ruben Roy - Stifel Srini Pajjuri - Raymond James Vijay Rakesh - Mizuho Group Nicholas Doyle - Needham & Company Operator Good afternoon and welcome to Skyworks Solutions Fourth Quarter Fiscal Year 2024 Earnings Call. This call is being recorded.
Apple supplier Skyworks Solutions forecast first-quarter revenue and profit below Wall Street estimates on Tuesday, indicating weak demand from automotive and industrial clients.
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 $2.20 per share a year ago.
Loop Capital initiated coverage of Skyworks with a Hold rating and $90 price target.
SWKS's fourth-quarter fiscal 2024 performance is likely to have benefited from its diversified portfolio amid market challenges.
Skyworks faces stiff competition and inventory issues. Its strong portfolio and design wins in the 5G and automotive sectors might boost recovery.
Skyworks Solutions, an analog and mixed-signal semiconductor company focusing on cellular system solutions, is now a $15 billion (by market cap) tech player. Skyworks Solutions has increased its dividend for 11 consecutive years, with a five-year dividend growth rate of 13.2%. SWKS moved its revenue from $2.3 billion in FY 2014 to $4.8 billion in FY 2023, a compound annual growth rate of 8.5%.
Skyworks' (SWKS) third-quarter fiscal 2024 results reflect strength in broad markets and edge IoT product line amid a challenging macroeconomic environment.
Skyworks Solutions Inc SWKS reported mixed third-quarter financial results on Tuesday.