Recap: Skyworks Solutions Q1 Earnings

Skyworks Solutions, Inc. -0.50%

Skyworks Solutions, Inc.

SWKS

93.62

-0.50%

Skyworks Solutions (NASDAQ:SWKS) reported its Q1 earnings results on Tuesday, January 30, 2024 at 04:01 PM.

Here's what investors need to know about the announcement.

Earnings

Skyworks Solutions beat estimated earnings by 1.03%, reporting an EPS of $1.97 versus an estimate of $1.95.

Revenue was down $127.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.1 which was followed by a 1.73% increase in the share price the next day.

Here's a look at Skyworks Solutions's past performance:

Quarter Q4 2023 Q3 2023 Q2 2023 Q1 2023
EPS Estimate 2.1 1.67 2.03 2.61
EPS Actual 2.2 1.73 2.02 2.59
Revenue Estimate 1.22B 1.07B 1.15B 1.33B
Revenue Actual 1.22B 1.07B 1.15B 1.33B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Skyworks Solutions management provided guidance for Q2 2024, expecting earnings between $1.52 and $1.52 per share.

To track all earnings releases for Skyworks Solutions visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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