Skyworks reports Q3 results and cuts Q4 guidance amid Android softness and merger integration
Skyworks Solutions posted third‑quarter revenue of $1.05 billion and adjusted earnings of $1.28 per share. The company forecast fourth‑quarter revenue of $1.85 billion and adjusted earnings of $1.25 per share, indicating a 7% sequential decline. Management cited weaker Android demand and integration challenges after its merger with Qorvo. The guidance fell short of Wall Street estimates, prompting the stock to drop 7.9% before recovering to $81.47.
Why it matters
Analysts note that the below‑estimate guidance could pressure the share price in the near term (the company’s own press release cites the guidance shortfall). The projected $500 million annual cost synergies from the merger remain a key upside driver, but the immediate earnings outlook is weaker than expected.
Key facts
- 1Third‑quarter revenue was $1.05 billion. tradingview.com
- 2Adjusted earnings per share for the quarter were $1.28. tradingview.com
- 3Fourth‑quarter revenue guidance is $1.85 billion at the midpoint. tradingview.com
- 4Adjusted earnings guidance for the fourth quarter is $1.25 per share. tradingview.com
- 5The guidance reflects an estimated 7% sequential revenue decline. tradingview.com
- 6Shares fell 7.9% after the release, later trading at $81.47, down 4.6% from the prior close. tradingview.com
Summary written by AlphAI AI Desk from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.