Skyworks Solutions Inc. (NASDAQ:SWKS) shares are trending on Wednesday.
SWKS shares fell 3.53% to $70 in after-hours trading on Tuesday despite the company beating analyst revenue estimates by 4.72% and earnings per share estimates by 18.56% in its fiscal second quarter.
Q2 Revenue Hits $944 Million
On Tuesday, Skyworks reported $944 million in revenue for the quarter ended April 3. Non-GAAP diluted earnings per share were $1.15, while GAAP earnings per share came in at $0.24. GAAP operating income was $42 million, compared with $189 million on a non-GAAP basis.
Philip Carter, chief financial officer and senior vice president of Skyworks, said “For the June quarter, we anticipate revenue of $900 million to $950 million, with non-GAAP diluted earnings per share of $1.03 at the mid-point of the revenue range.”
Carter added that Mobile is expected to decline in the low single digits sequentially, while Broad Markets, the company’s non-mobile segment that includes Wi-Fi, data center, automotive, and industrial applications, is expected to grow modestly. It represents about 43% of sales and is up high-single digits year over year.
What Investors Need To Know
Skyworks secured a multi-generation design win with a leading Android original equipment manufacturer, which is projected to generate more than $1 billion in revenue through 2030. Its Broad Markets segment delivered double-digit year-over-year growth, driven by Wi-Fi 7, data center, and automotive demand.
The company also secured in-vehicle infotainment agreements with BYD Co. Ltd. (OTC:BYDDF) (OTC:BYDDY) and a leading German Tier 1 supplier, and introduced a FR3-range radio frequency front-end power amplifier at Mobile World Congress 2026.
Phil Brace, chief executive officer and president of Skyworks, said “Mobile outperformed expectations on healthy demand, while Broad Markets continues to accelerate.”
Skyworks’ board declared a cash dividend of $0.71 per share, payable on June 16 to shareholders of record as of May 26.
Trading Metrics, Technical Analysis
Skyworks has a market capitalization of $10.91 billion, with a 52-week high of $90.90 and a 52-week low of $51.93.
SWKS’s Relative Strength Index (RSI) is 77.96.
Over the past 12 months, the stock of the California-based semiconductor company has gained 9.92%.
Currently, SWKS is positioned at about 53% of its 52-week range.
Price Action: According to Benzinga Pro data, the stock closed the regular session at $72.56, up 5.39%.
Benzinga’s Edge Stock Rankings indicate that SWKS is experiencing positive price trend across all time frames.
Photo: Champ008 / Shutterstock
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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