Skyworks(SWKS) Prnewswire·2025-04-07 09:45Core 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][2]. Summary by Sections Allegations - The complaint alleges that Skyworks' management provided investors with optimistic information about the company's revenue expectations and growth potential in the mobile business [2]. - On February 5, 2025, Skyworks announced lower-than-expected revenue guidance for Q2 of fiscal year 2025, attributing this to an intensified competitive landscape [2]. - Following this announcement, Skyworks' stock price plummeted from 65.60, a decline of over 24% in one day [2]. Class Action Details - The class period for the lawsuit is defined as July 30, 2024, to February 5, 2025 [2]. - Shareholders are encouraged to register for the class action by May 5, 2025, to potentially become lead plaintiffs [3]. - Participants will receive updates through a portfolio monitoring software without any cost or obligation [3]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [4]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements [4].