Skyworks reports Q4 results and issues Q1 guidance below estimates, shares tumble
Skyworks Solutions posted fiscal fourth‑quarter revenue of $1.05 billion and adjusted EPS of $1.28, meeting or slightly beating estimates. The company forecast first‑quarter revenue of $1.80‑$1.90 billion and adjusted EPS of $1.25, both below Wall Street expectations, and said smartphone sales will fall in the low‑teens percent sequentially. Shares fell in after‑hours trading, dropping between 14% and 16%. The firm also completed its acquisition of Qorvo, targeting at least $500 million of annual cost savings.
Why it matters
The below‑estimate guidance suggests weaker near‑term earnings, pressuring the stock as reflected by the 14‑16% drop. The announced $500 million annual cost‑saving from the Qorvo deal may partially offset the revenue shortfall, according to the company.
Key facts
- 1Fiscal fourth‑quarter revenue was $1.05 billion. finance.yahoo.com
- 2Adjusted fourth‑quarter EPS was $1.28. finance.yahoo.com
- 3Operating margin fell to 2.1% from 10.1% YoY. finance.yahoo.com
- 4Free cash flow was negative $61 million. finance.yahoo.com
- 5First‑quarter revenue is forecast at $1.80 billion to $1.90 billion. investing.com
- 6First‑quarter adjusted EPS is forecast at $1.25. investing.com
Open questions
- Share‑price decline is reported as 14% in material 2 and 16% in material 3.
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.