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What To Expect From Skyworks Solutions’s (SWKS) Q1 Earnings

StockStory - Mon Jan 29, 1:01AM CST

SWKS Cover Image

Wireless chips maker Skyworks Solutions (NASDAQ: SWKS) will be reporting earnings tomorrow afternoon. Here's what to look for.

Last quarter Skyworks Solutions reported revenues of $1.22 billion, down 13.4% year on year, in line with analyst expectations. It was a weaker quarter for the company, with underwhelming revenue guidance for the next quarter and a decline in its gross margin.

Is Skyworks Solutions buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Skyworks Solutions's revenue to decline 9.4% year on year to $1.20 billion, improvement on the 12% year-over-year decrease in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.95 per share.

Skyworks Solutions Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates twice over the last two years.

Looking at Skyworks Solutions's peers in the semiconductors segment, some of them have already reported Q1 earnings results, giving us a hint of what we can expect. Texas Instruments's revenues decreased 12.7% year on year, missing analyst estimates by 1.4% and Seagate Technology reported revenue decline of 17.6% year on year, exceeding estimates by 0.2%. Texas Instruments traded down 3.7% on the results, and Seagate Technology was down 4.3%.

Read our full analysis of Texas Instruments's results here and Seagate Technology's results here.

There has been positive sentiment among investors in the semiconductors segment, with the stocks up on average 2.4% over the last month. Skyworks Solutions is down 4.1% during the same time, and is heading into the earnings with analyst price target of $109.5, compared to share price of $104.6.

One way to find opportunities in the market is to watch for generational shifts in the economy. Almost every company is slowly finding itself becoming a technology company and facing cybersecurity risks and as a result, the demand for cloud-native cybersecurity is skyrocketing. This company is leading a massive technological shift in the industry and with revenue growth of 70% year on year and best-in-class SaaS metrics it should definitely be on your radar.

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The author has no position in any of the stocks mentioned.

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