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Wednesday, Feb 21, 2024
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Skyworks Revenue In Line with Expectations

EPS slightly above estimates

Irvine-based chipmaker Skyworks Solutions Inc. reported quarterly revenue of $1.2 billion, in line with analysts’ expectations, while adjusted earnings per share of $1.97 were slightly above estimates.

“Skyworks continues to execute well and generate robust profitability in light of ongoing macroeconomic volatility,” company CEO Liam Griffin said in presenting the fiscal first quarter results.

The company’s revenue projection for the current quarter is about $1.05 billion at the midpoint, just above the average estimate of $1.04 billion cited by Yahoo Finance.

Skyworks Solutions (Nasdaq: SWKS) shares rose 3.4% to $107.88 apiece for a market cap of $17 billion in after-hours trading.

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Kevin Costelloe
Kevin Costelloe
Tech reporter at Orange County Business Journal
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