Skyworks Solutions, Inc. Sued for Securities Law Violations – Investors Should Contact The Gross Law Firm for More Information – SWKS

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, which led to a significant drop in stock price following disappointing financial results [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]. Financial Results and Stock Price Impact - On February 5, 2025, Skyworks announced its first-quarter financial results for fiscal year 2025, along with lower-than-expected revenue guidance for the second quarter, attributing this to an intensified competitive landscape [3]. - Following this announcement, Skyworks' stock price plummeted from $87.08 per share to$65.60 per share on February 6, 2025, marking 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 and to receive updates on the case [4]. - There is no cost or obligation for shareholders to participate in the case [4]. Law Firm's Commitment - The Gross Law Firm aims to protect investors' rights and seeks recovery for those who suffered losses due to misleading statements or omissions by companies [5].