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
Read the full article on Seeking Alpha
For further details see:
Skyworks Earnings: Once Smartphone Markets Turn Positive, Look Out