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Skyworks' quarterly revenue falls 12.9% to $1.046bn

Reduction in CapEx boosts cash generation despite inventory correction in Mobile products

Skyworks' Revenue Falls; Lantronix Stock Surges - Orange County Business Journal

Two Irvine-based tech companies last week reported quarterly results that are foreshadowing future industry trends.Skyworks Solutions Inc. forecast on April 30 that its fiscal third-quarter sales and adjusted profit will be much lower than analysts expected. It cited slowing mobile device sales. Shares dropped 15% in the following trading session to $90.30, for a $14.4 billion market cap (Nasdaq: SWKS).

Skyworks Solutions expects revenue of $900 mn for June-quarter

Skyworks Solutions (SWKS) Q2 2024 Earnings Call Transcript

SWKS earnings call for the period ending March 31, 2024.

Skyworks Solutions: Skyworks forecasts third-quarter revenue below estimates, ET Telecom

Skyworks Solutions: The company sees its "mobile business to be down sequentially, below normal seasonal patterns, as excess inventory clears. In broad markets, we anticipate further modest growth as inventory levels appear to be normalizing in certain end markets" in the third quarter, according to Skyworks CFO Kris Sennesael.