Skyworks (SWKS) Q2 Earnings Beat Estimates, Revenues Down Y/Y
SWKSSkyworks(SWKS) Zacks Investment Research·2024-05-02 00:01

Skyworks Solutions (SWKS) reported non-GAAP earnings of $1.55 per share in second-quarter fiscal 2024, beating the Zacks Consensus Estimate by 1.97% and declining 23.3% year over year.Revenues of $1.04 billion dropped 9.3% on a year-over-year basis and missed the consensus mark by 0.01%.Mobile revenues contributed nearly 66% to total revenues and declined 19% sequentially.In the second quarter of fiscal 2024, SWKS provided integrated platforms to the top 5G smartphone OEMs, including flagship and mid-tier r ...