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.
