Skyworks Solutions (SWKS) Earnings: Adjusted EPS Misses Estimates in 3Q, Revenue Beats Expectations

Skyworks Solutions on Smartkarma

Analyst coverage of Skyworks Solutions on Smartkarma showcases positive sentiments from Baptista Research analysts. In their report, “Skyworks Solutions Inc.: Continued Investment in Technology and Product Roadmaps! – Major Drivers,” Skyworks demonstrated strong financial performance in the second fiscal quarter of 2024. With revenue reaching $1.046 billion and notable earnings per share of $1.55, the company also generated $300 million in operating cash flow. An optimistic outlook on the edge IoT market, with significant design wins for WiFi 6E and WiFi 7, hints at a potential multi-year upgrade cycle.

Similarly, in another report titled “Skyworks Solutions: Is The Strategic Expansion in Mobile and Broad Markets Fuelling Growth? – Major Drivers,” Baptista Research praised Skyworks for delivering solid financial results in Q1 2024 despite challenging macroeconomic conditions. The company’s revenue for the quarter stood at $1.202 billion, with an impressive earnings per share of $1.97 and $775 million in operating cash flow. Skyworks achieved a record free cash flow margin of 63%, reflecting efficient working capital management and reduced capital expenditure intensity.

A look at Skyworks Solutions Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Investors looking at Skyworks Solutions for the long term can take comfort in the Smartkarma Smart Scores, which provide a snapshot of the company’s overall outlook across different key factors. With solid scores of 3 in Value, Dividend, and Growth, Skyworks Solutions appears to offer stable financials and potential for future growth. Additionally, scoring a 4 in both Resilience and Momentum, the company seems well-positioned to weather market uncertainties and capitalize on positive market trends.

Skyworks Solutions, Inc., a wireless semiconductor company, is focused on designing and manufacturing radio frequency and semiconductor system solutions for mobile communications applications. The company’s offerings include front-end modules, radio frequency subsystems, and system solutions for wireless handset and infrastructure customers globally. With its balanced Smart Scores across various factors, Skyworks Solutions may present a promising long-term investment opportunity in the dynamic tech sector.

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