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home / news releases / SWKS - Skyworks Earnings: Once Smartphone Markets Turn Positive Look Out


SWKS - Skyworks Earnings: Once Smartphone Markets Turn Positive Look Out

2024-01-29 08:40:46 ET

Summary

  • Skyworks Solutions has a strong balance sheet and is well-positioned to navigate any further downturns in the economy.
  • The company has been struggling with declining revenues and margins due to underutilization of factories and weakness in the Android market.
  • Analysts expect a y/y decline in revenues of around 10% in the upcoming earnings report, but there is a possibility of Skyworks beating estimates.

Investment thesis

For further details see:

Skyworks Earnings: Once Smartphone Markets Turn Positive, Look Out
Stock Information

Company Name: Skyworks Solutions Inc.
Stock Symbol: SWKS
Market: NASDAQ
Website: skyworksinc.com

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