Skyworks Solutions (NASDAQ: SWKS) reported better-than-expected second-quarter results and issued an upbeat outlook for the current quarter. Despite the positive report, shares fell 4% in pre-market trading today.
The chipmaker posted adjusted earnings of $1.24 per share for the quarter, topping Street expectations of $1.20. Revenue reached $953 million, narrowly exceeding the $951.52 million consensus and reflecting a modest year-over-year increase of 0.2%.
The company highlighted robust free cash flow generation during the quarter, returning more than $600 million to shareholders through share buybacks and dividends.
For the third quarter, Skyworks projected adjusted earnings of $1.24 per share on revenue between $920 million and $960 million. The midpoint of the guidance range exceeds Street estimates of $1.05 in EPS and $918 million in revenue.
Management noted seasonal softness in its mobile segment but emphasized continued strength in its Broad Markets business, which is expected to deliver sequential growth and improved year-over-year performance.
In addition to its earnings report, Skyworks announced key leadership changes. Mark Dentinger has been appointed senior vice president and chief financial officer, effective June 2, 2025. Dentinger will succeed current CFO Kris Sennesael, who is stepping down on May 9, 2025, to pursue another opportunity.
The company also named Todd Lepinski as senior vice president of sales and marketing, effective June 2. Lepinski will take over from Carlos Bori, who will transition to an advisory role within the company.
Skyworks shares have fallen more than 24% year-to-date, significantly underperforming the broader market. In comparison, the S&P 500 index is down about 4.2% year-to-date.
Analyst consensus currently rates the stock as “Hold,” with an average price target of $65.25, suggesting a modest downside of about 2% from the current price.
As of the latest update, Skyworks Solutions (NASDAQ: SWKS) shares are down 4.02%, trading at $64.19.
David Kirakosyan is a seasoned financial journalist with nearly a decade of hands-on experience in covering the U.S. stock markets. Since 2016, he has written thousands of equity news articles, detailed market analyses, and investment insights for trusted platforms like Benzinga, Investing.com, and StreetInsider. David holds a Master of Science in Finance and is a Level 2 CFA® candidate, reflecting his deep commitment to financial expertise and ethical standards. His reporting combines real-world market experience with a strong academic foundation, helping readers make informed decisions backed by reliable information. Read Full Bio
