Skyworks forecasts weaker Q1 revenue and earnings after Qorvo acquisition
Skyworks Solutions reported fourth‑quarter adjusted earnings of $1.28 per share and revenue of $1.046 billion, a 4.8% year‑over‑year decline. For the upcoming first quarter, the company guided revenue of $1.8 billion to $1.9 billion and adjusted earnings of $1.25 per share, both below analyst expectations. The outlook, which includes the recent Qorvo acquisition, triggered a 7% drop in the stock and prompted several analysts to cut their price targets.
Why it matters
Analysts lowered price targets to $80 (Morgan Stanley), $75 (RBC) and $78 (BNP Paribas), reflecting concerns over weaker smartphone demand and integration challenges, which could pressure the share price further.
Key facts
- 1Adjusted earnings for Q4 were $1.28 per share. tradingview.com
- 2Revenue for Q4 fell 4.8% year over year to $1.046 billion. tradingview.com
- 3The company forecast Q1 revenue of $1.8 billion to $1.9 billion, including Qorvo. tradingview.com
- 4Adjusted earnings are expected to be $1.25 per share for Q1. tradingview.com
- 5Shares fell 7% on Wednesday. seekingalpha.com
- 6Morgan Stanley cut its price target to $80 from $95. tradingview.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.