
Wireless chips maker Skyworks Solutions (NASDAQ: SWKS) will be reporting results this Tuesday afternoon. Here’s what investors should know.
Skyworks Solutions beat analysts’ revenue expectations by 5.4% last quarter, reporting revenues of $1.1 billion, up 7.3% year on year. It was an exceptional quarter for the company, with a beat of analysts’ EPS estimates and revenue guidance for next quarter exceeding analysts’ expectations.
Is Skyworks Solutions a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Skyworks Solutions’s revenue to decline 6.3% year on year to $1.00 billion, improving from the 11.1% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.40 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Skyworks Solutions has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 1.1% on average.
Looking at Skyworks Solutions’s peers in the semiconductors segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Texas Instruments delivered year-on-year revenue growth of 10.4%, missing analysts’ expectations by 0.8%, and Western Digital reported revenues up 25.2%, topping estimates by 2.2%. Texas Instruments traded up 9.9% following the results while Western Digital was down 11.9%.
Read our full analysis of Texas Instruments’s results here and Western Digital’s results here.
There has been positive sentiment among investors in the semiconductors segment, with share prices up 9.6% on average over the last month. Skyworks Solutions is down 14.7% during the same time and is heading into earnings with an average analyst price target of $77.90 (compared to the current share price of $55.64).
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