Recap: Skyworks Solutions Q1 Earnings

Skyworks Solutions 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.

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.

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).

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.

Earnings Calendar