Skyworks Solutn - SWKS STOCK NEWS

Skyworks Solutions, Inc. (Nasdaq: SWKS), a leading semiconductor company, has announced its upcoming third quarter fiscal 2024 earnings release and conference call. The event is scheduled for July 30, 2024, at 4:30 p.m. EDT. Prior to the call, Skyworks will issue an earnings press release via Business Wire after market close. Investors can access the conference call through the company's investor relations website. A playback of the call will be available on the website starting at 9 p.m. EDT on the same day. Additionally, a transcript of the prepared remarks will be posted promptly after the call's conclusion.

Skyworks Solutions (Nasdaq: SWKS) will showcase its advanced power isolation solutions at PCIM Europe 2024 in Nuremberg from June 11-13. The new Si82Ex and Si82Fx families of isolated gate driver solutions are designed for high-efficiency power converter applications in AI data servers and EV charging. These solutions offer precise timing specifications, selectable current output, and high noise immunity. Additional demonstrations include the Si86Sx digital isolators, Si89xx isolated analog amplifiers, RS-485 transceivers, and Si83x isolated smart switches. These innovations cater to the growing demand for advanced isolation devices in electric mobility and AI-driven data processing.

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.

Skyworks Solutions, Inc. (SWKS) has announced the date for its second quarter fiscal 2024 earnings release and conference call on April 30, 2024, at 4:30 p.m. EDT. The company will discuss its results and business outlook with analysts. The earnings press release will be issued after the market close and can be accessed on Skyworks' website. The conference call playback and transcript will also be available on the website.

Skyworks Solutions, Inc. (SWKS) will have its executives participate in a fireside chat at the Morgan Stanley Technology, Media & Telecom Conference on March 5, 2024, at 9:30 a.m. PST. The event will be webcast live and archived for replay for one week on the company's website.

Skyworks Solutions, Inc. reported first fiscal quarter results for the period ended Dec. 29, 2023, with revenue of $1.202 billion, GAAP diluted EPS of $1.44, and non-GAAP diluted EPS of $1.97. The company generated record operating cash flow of $775 million and record free cash flow of $753 million. The company's CEO, Liam K. Griffin, highlighted the strong financial performance despite macroeconomic volatility and expressed optimism for growth in various markets. The company also provided an outlook for the second fiscal quarter of 2024, expecting revenue of $1.02 to $1.07 billion and non-GAAP diluted EPS of $1.52. Additionally, Skyworks declared a cash dividend of $0.68 per share of common stock, payable on March 12, 2024.

Skyworks Solutions, Inc. (SWKS) will host a conference call to discuss its first quarter fiscal 2024 results and business outlook on Jan. 30, 2024, at 4:30 p.m. EST. The earnings press release will be issued after the market close and can be viewed on Skyworks' website. The conference call can be accessed via the investor relations section of the website, and a playback of the call will be available later that day. A transcript of the company's prepared remarks will also be made available on the website.

Skyworks Solutions, Inc. (Nasdaq: SWKS) is showcasing its latest high-performance products at the Consumer Electronics Show (CES), including solutions for automotive and smart city utility applications. The company is demonstrating a new solution for direct communication between vehicles and their surroundings for the cellular vehicle-to-everything (C-V2X) standard, as well as smart city technology tailored with the Wi-SUN specifications in mind. Skyworks' broad portfolio of products exemplifies its work across smart home connectivity, automotive, 5G infrastructure, and more.

Skyworks Solutions reports fourth fiscal quarter and fiscal year-end results. Revenue for Q4 2023 was $1.219 billion. GAAP diluted EPS was $1.52 and non-GAAP diluted EPS was $2.20. Annual operating cash flow was $1.856 billion, up 30% YoY, and free cash flow was $1.646 billion, up 76% YoY.