Skyworks Solutions (SWKS) Reports Q4: Everything You Need To Know Ahead Of Earnings

Adam Hejl /
2022/11/02 3:43 am EDT

Wireless chips maker Skyworks Solutions (NASDAQ: SWKS) will be reporting earnings tomorrow after the bell. Here's what to look for.

Last quarter Skyworks Solutions reported revenues of $1.23 billion, up 10.4% year on year, in line with analyst expectations. It was a weak quarter for the company, with underwhelming revenue guidance for the next quarter and an increase in inventory levels.

Is Skyworks Solutions buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Skyworks Solutions's revenue to grow 6.49% year on year to $1.39 billion, slowing down from the 37% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.90 per share.

Skyworks Solutions Total Revenue

The analysts covering the company have been growing increasingly bearish about the business heading into the earnings, with revenue estimates seeing three downward revisions over the last thirty days. The company has a history of exceeding Wall St's expectations, beating revenue estimates every single time over the past two years on average by 7.67%.

Looking at Skyworks Solutions's peers in the analog semiconductors segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Texas Instruments delivered top-line growth of 12.8% year on year, beating analyst estimates by 1.9% and ON Semiconductor reported revenues up 25.8% year on year, exceeding estimates by 3.58%. Texas Instruments traded down 4.74% on the results, ON Semiconductor was down 2.09%. Read our full analysis of Texas Instruments's results here and ON Semiconductor's results here.

There has been positive sentiment among investors in the analog semiconductors segment, with the stocks up on average 5.12% over the last month. Skyworks Solutions is down 0.08% during the same time, and is heading into the earnings with analyst price target of $128, compared to share price of $85.73.

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The author has no position in any of the stocks mentioned.