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SWKS - Skyworks Earnings: Once Smartphone Markets Turn Positive Look Out
January, 29 2024 08:40 AM
Skyworks Solutions Inc.
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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