A month has gone by since the last earnings report for Skyworks Solutions (SWKS) . Shares have lost about 0.3% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Skyworks due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Skyworks' Q2 Earnings Beat Estimates, Revenues ...

会议纪 要 证券研究报告 电子 2024年 05月09日 Skyworks（SWKS）FY2024Q2业绩点评及法说会纪要 会议时间：2024年5月1日 移动业务需求疲软二季度指引环比下滑，非移动业 会议地点：线上 务筑底回升  事项： 24年 5月 1日 Skyworks发布 FY2024Q2季度报告，并召开业绩说明会。公司 华创证券研究所 财务季度 FY2024Q2截至 2024年 3月 29日，即自然年度 CY2024Q1，以下表 述均为自然年度。2024Q1，公司实现营收 10.46 亿美元（YOY -9.3%，QoQ - 证券分析师：耿琛 13.0%）；Non-GAAP毛利率为45.0%（YOY -5.0pct，QoQ -1.4pct）；Non-GAAP 电话：0755-82755859 净利润 2.51 亿美元（YOY -22.4%）；Non-GAAP 摊薄 EPS 1.55 美元（YOY - 邮箱：gengchen@hcyjs.com 23.3%）。 执业编号：S0360517100004 证券分析师：岳阳  评论： 1. 业绩总览：Skyworks 一季度实现营收 10.46 亿美元（YO ...

Skyworks Solutions (SWKS) reported non-GAAP earnings of $1.55 per share in second-quarter fiscal 2024, beating the Zacks Consensus Estimate by 1.97% and declining 23.3% year over year.Revenues of $1.04 billion dropped 9.3% on a year-over-year basis and missed the consensus mark by 0.01%.Mobile revenues contributed nearly 66% to total revenues and declined 19% sequentially.In the second quarter of fiscal 2024, SWKS provided integrated platforms to the top 5G smartphone OEMs, including flagship and mid-tier r ...

Financial Data and Key Metrics Changes - Skyworks reported revenue of $1.046 billion for Q2 2024, with earnings per share of $1.55 and operating cash flow of $300 million, reflecting strong working capital management [7][14] - Gross profit was $471 million, resulting in a gross margin of 45%, which was down 140 basis points sequentially [13][14] - Operating income was $279 million, translating into an operating margin of 26.7% [14] Business Line Data and Key Metrics Changes - The mobile business accounted for approximately 66% of total revenue, down 19% sequentially, while broad markets represented about 34% of total revenue, up 1% sequentially [13] - The company reduced internal inventory by $91 million to $836 million, marking five consecutive quarters of reductions [14] Market Data and Key Metrics Changes - The mobile business experienced below-normal seasonal trends due to lower-than-expected end market demand, leading to excess inventory in the channel [9][19] - Broad markets showed modest sequential growth, indicating a potential recovery in certain segments [7][15] Company Strategy and Development Direction - The company aims to leverage connectivity technology across multiple growth segments, including edge IoT devices, automotive electrification, and AI infrastructure [10] - Skyworks is focusing on advanced RF solutions to address the increasing complexity of radio systems in vehicles, driven by the rise of software-defined vehicles and connected car technologies [10] Management's Comments on Operating Environment and Future Outlook - Management noted ongoing weakness in certain end markets like infrastructure and automotive, but remains optimistic about long-term growth opportunities in automotive and AI workloads [9][11] - The outlook for Q3 2024 anticipates revenue of $900 million, with expectations of a sequential decline in the mobile business due to excess inventory clearance [15][16] Other Important Information - The company paid $109 million in dividends during Q2 2024, and cash balances grew to over $1.2 billion with $1 billion in debt, indicating a solid capital structure [14] - Management expects gross margin expansion in the remainder of 2024, driven by cost reduction actions and improved utilization rates [15][42] Q&A Session Summary Question: Excess inventory in mobile business - Management acknowledged that excess inventory has been a persistent issue, primarily affecting the mobile segment, and expects a sequential decline of 20% to 25% in Q3 due to inventory clearance [19][24] Question: Impact on second half of the year - Management indicated that they only guide one quarter at a time but expect most inventory clearance to occur in Q2, suggesting a return to normal revenue levels thereafter [23][24] Question: Content and program changes - Management noted a unique situation with their largest customer that affected expected content, leading to a projected decline in content by over 10% compared to the current phone model [26][27] Question: Recovery in broad markets - Management expressed optimism about growth in broad markets, particularly in automotive and industrial segments, despite some inventory challenges [52][55] Question: China mobile revenue - Management stated that China mobile revenue remains low but is improving, with expectations for meaningful growth in fiscal 2025 [58] Question: Android business outlook - Management indicated that the Android business is stabilizing and expects to see growth as end customer demand improves [49][61]

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.97%. A quarter ago, it was expected that this chipmaker would post earnings of $1.95 per share when it actually produced earnings of $1.97, delivering a surprise of 1.03%.Over the last four quarters, the compa ...

OR Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 29, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________to__________ Commission file number 001-05560 Skyworks Solutions, Inc. (Exact name of registrant as specified in its charter) Dela ...

Exhibit 99.1 Media Relations: Constance Griffiths (949) 231-4207 constance.griffiths@skyworksinc.com Investor Relations: Raji Gill (949) 508-0973 raji.gill@skyworksinc.com Skyworks Reports Q2 FY24 Results IRVINE, Calif., Apr. 30, 2024 – Skyworks Solutions, Inc. (Nasdaq: SWKS), an innovator of high- performance analog and mixed-signal semiconductors connecting people, places and things, today reported second fiscal quarter results for the period ended March 29, 2024. Revenue for the second fiscal quarter of ...

JHVEPhoto In our previous analysis of Skyworks Solutions, Inc. (NASDAQ:SWKS), we highlighted its Broad Markets segment's growth was propelled by fast-growing end markets and believed the company’s Broad Markets would predominantly drive its future growth due to the high-growth end markets like data centers, offsetting stagnant revenue growth in its Mobile segment due to flattish demand for Apple's (AAPL) next-gen iPhone, which constituted 59% of Skyworks' revenue. Nevertheless, Skyworks' revenue growth ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Skyworks Solutions (SWKS) . This company, which is in the Zacks Semiconductors - Radio Frequency industry, shows potential for another earnings beat.When looking at the last two reports, this chipmaker has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 2.89%, on average, in the l ...

Company and Industry Overview * **Company**: Skyworks Solutions, Inc. (NASDAQ: SWKS) * **Industry**: Semiconductor, Mobile and Wireless Technologies, IoT, Automotive, Data Center * **Key Focus**: Curated solutions for customers, strong technical expertise, in-house manufacturing capabilities Market Trends and Priorities * **Mobile and Wireless Technologies**: * Majority of revenue comes from mobile and wireless technologies, but the company is diversifying into other areas like automotive, data center, and IoT. * Skyworks focuses on mid to high-tier smartphones and has a strong position with Google and Samsung. * The company is well-positioned to capture opportunities in the Android ecosystem, including Google and Samsung. * Skyworks has a strong track record of design wins in the mobile ecosystem and continues to drive share. * **5G and AI**: * Skyworks sees significant opportunities in 5G, particularly in the high-end market where performance continues to improve. * The company believes AI will drive a whole new set of technologies in handheld devices, creating a significant opportunity for companies like Skyworks. * Skyworks is uniquely positioned to address the technical challenges of AI in smartphones due to its strong technical expertise and in-house manufacturing capabilities. * **Broad Markets**: * Skyworks has a strong position in IoT, with a large set of meaningful opportunities and revenue streams. * The company has made significant progress in the automotive market, with design wins with customers like Tesla. * Skyworks has a strong position in data center timing applications, with a growing portfolio of products and solutions. Financials and Strategy * **Revenue Growth**: Skyworks expects to see revenue growth in the broad markets segment, particularly in automotive and IoT. * **Capital Allocation**: Skyworks has a strong balance sheet and expects to use its cash for dividends, buybacks, and acquisitions. * **Acquisitions**: Skyworks has a history of successful acquisitions and plans to continue to look for opportunities to expand its portfolio and capabilities. Key Takeaways * Skyworks is a diversified semiconductor company with a strong focus on curated solutions for customers. * The company has a strong technical expertise and in-house manufacturing capabilities, positioning it well for growth in key markets like 5G, AI, IoT, automotive, and data center. * Skyworks has a strong balance sheet and plans to use its cash for dividends, buybacks, and acquisitions.