SWKS - Apple supplier Skyworks Solutions reports FQ4 results after the bell - what to watch

Skyworks Solutions ([[SWKS]] +0.6%) reports fiscal Q4 earnings after today's bell. Analyst estimates expect $840.61M in revenue (+2% Y/Y), $1.52 EPS (flat), non-GAAP gross margin of 50.1% and operating margin of 33.4%.Consensus expects Skyworks to guide $934.4M in revenue for FQ1 and $1.80 EPS at the midpoint.Last quarter, Skyworks reported upside Q3 results attributed to Sky5 platform traction and accelerating 5G trends. The company guided Q4 revenue of $830-850M and $1.51 EPS at the midpoint.Skyworks is joined by fellow Apple supplier Cirrus Logic (CRUS) in reporting after today's bell, but SWKS has a lower dependence, deriving about 51% of its revenue from the iPhone maker vs. the 83% for Cirrus Logic.Last week, Apple reported iPhone revenue that missed estimates due to the iPhone 12 delay, while iPads and Macs continued to show pandemic-related strength.Peers that could move after the earnings: Skyworks competes with Cirrus and both reports could pull along Apple supplying peers

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Apple supplier Skyworks Solutions reports FQ4 results after the bell - what to watch