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.
Apple supplier Skyworks Solutions forecast declines in revenue across both its segments and projected profits below Wall Street estimates for the current quarter on Wednesday.
SWKS' first-quarter fiscal 2025 performance is likely to have benefited from its diversified portfolio despite market challenges.
Skyworks faces short-term challenges from high inventory and market pressures. Yet, long-term growth in 5G, IoT and AI-driven tech is promising.
Skyworks faces challenges from uneven demand and tough competition. Yet, its focus on 5G, IoT and AI signals a strong path to growth.
Skyworks (SWKS) reported earnings 30 days ago. What's next for the stock?
Skyworks faces stiff competition and inventory issues but strong portfolio and design wins in the 5G and automotive sectors might boost recovery.
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.