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Barchart
Dipanjan Banchur

Skyworks Solutions Earnings Preview: What to Expect

SWKS AAPL

Based in Irvine, California, Skyworks Solutions, Inc. (SWKS) designs, develops, manufactures, and markets a broad range of high-performance analog and mixed-signal semiconductors that enable wireless connectivity. Valued at $18.85 billion by market cap, the company’s products are used across the aerospace, automotive, broadband, cellular infrastructure, connected home, defense, entertainment and gaming, industrial, medical, smartphone, tablet, and wearable markets. The leading maker of analog and mixed-signal semiconductors is expected to announce its fiscal third-quarter earnings for 2024 after the market closes on Tuesday, Jul. 30.

Ahead of the event, analysts expect SWKS to report a profit of $0.96 per share on a diluted basis, down 36% from $1.50 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports.

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