Welcome to our dedicated page for Skyworks Solutions news (Ticker: $SWKS), a resource for investors and traders seeking the latest updates and insights on Skyworks Solutions stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Skyworks Solutions's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Skyworks Solutions's position in the market.
Skyworks Solutions, Inc. (SWKS) reported revenue of $1.046 billion for Q2 FY24, with GAAP diluted EPS of $1.14 and non-GAAP diluted EPS of $1.55. The company generated quarterly operating cash flow of $300 million and quarterly free cash flow of $273 million. Despite challenges in the macroeconomic environment, Skyworks posted solid results, including delivering integrated platforms for leading 5G smartphone OEMs and securing numerous design wins across various sectors. The company's third fiscal quarter 2024 outlook anticipates revenue of $900 million, with a non-GAAP diluted EPS of $1.21. Skyworks also declared a cash dividend of $0.68 per share, payable on June 11, 2024.