Skyworks Solutions (SWKS) Tops Q3 EPS by 6c, Offers Guidance

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Go back to Skyworks Solutions (SWKS) Tops Q3 EPS by 6c, Offers Guidance

Skyworks Solutions (SWKS) falls despite 'better than feared' results

August 8, 2023 8:34 AM EDT

Skyworks Solutions (NASDAQ: SWKS) fell 2% in pre-open trading Tuesday despite third quarter results which were described by analysts at "better than feared."

Revenue for the quarter fell 13% to $1.071 billion, in-line with the consensus of $1.07 billion. Non-GAAP Diluted EPS was $1.73, beating the consensus of $1.67.

Skyworks resilient business model and disciplined execution enabled us to deliver record operating and free cash flow for the first three quarters of the fiscal year, said CEO Liam K. Griffin. Our targeted investments in... More