The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Skyworks Solutions, Inc. (SWKS) Shareholders

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Skyworks Solutions, Inc. regarding a class action lawsuit due to alleged misleading statements about the company's expected revenue for fiscal year 2025 [1][3]. Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit is from July 30, 2024, to February 5, 2025 [3]. - Allegations include that defendants provided investors with material information about Skyworks' expected revenue and expressed confidence in the company's ability to grow its mobile business and diversify its offerings [3]. - On February 5, 2025, Skyworks announced lower-than-expected revenue guidance for Q2 FY2025, attributing this to an intensified competitive landscape [3]. Stock Price Impact - Following the announcement on February 5, 2025, Skyworks' stock price fell from $87.08 to $65.60 per share, representing a decline of over 24% in one day [3]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by May 5, 2025, to potentially become lead plaintiffs [4]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case [4]. Law Firm's Commitment - The Gross Law Firm aims to protect investors' rights and ensure companies adhere to responsible business practices [5].