Skyworks Solutions Inc - SWKS STOCK NEWS

Skyworks Solutions (Nasdaq: SWKS) announced the appointment of Maryann Turcke to its board of directors. Turcke, an experienced executive in media and telecommunications, previously served as COO of the NFL and held senior roles at Bell Canada Enterprises. Her leadership in the telecommunications sector is expected to enhance Skyworks' growth in various markets, particularly in the Internet of Things. Liam K. Griffin, CEO of Skyworks, emphasized the strategic advantage Turcke brings as the company continues to innovate and expand its wireless technologies.

Skyworks Solutions reported first fiscal quarter 2023 revenue of $1.329 billion, exceeding estimates. GAAP diluted EPS stood at $1.93, while non-GAAP diluted EPS reached $2.59. The company achieved a record operating cash flow of $773.4 million and returned $265.6 million to stockholders via dividends and share repurchases. Skyworks has partnered with notable companies like AT&T and Cisco, enhancing its portfolio in mobile and IoT solutions. For Q2 2023, projected revenue ranges between $1.125 billion and $1.175 billion, with mid-point non-GAAP EPS of $2.02. A new $2 billion stock repurchase program was also announced.

Skyworks Solutions, Inc. (Nasdaq: SWKS) has authorized a new stock repurchase program of up to $2 billion, effective through February 1, 2025. This program replaces the previous $2 billion repurchase approved on January 26, 2021. The company plans to utilize its working capital, with approximately $993 million in cash and marketable securities as of December 30, 2022. Stock repurchases will be contingent upon market conditions and may be suspended or discontinued at any time.

Skyworks Solutions, Inc. (Nasdaq: SWKS) will hold a conference call on Feb. 6, 2023 at 4:30 p.m. EST to discuss its first-quarter fiscal 2023 results and business outlook. The earnings press release will be available after the market closes on the same day. Investors can access the call via the investor relations page on Skyworks’ website or by phone. The replay will be available for a week after the call. Skyworks is a key player in the wireless networking sector, providing innovative semiconductor solutions across various markets like aerospace, automotive, and connected home technologies.

Skyworks Solutions and Semtech Corporation have launched the SKY66423-SX1261 reference design for low-power wide-area networks (LPWAN). This innovative solution integrates Semtech's LoRa Connect SX1261 transceiver with Skyworks' SKY66423 front-end module, targeting industrial IoT and smart city applications. It enhances transmit power and reduces noise for improved communication reliability. The design supports bi-directional communication and end-to-end security, catering to a range of applications from automation to connected homes.

Skyworks Solutions (Nasdaq: SWKS) has launched its next-generation Si89xx product family, which includes isolated analog amplifiers, voltage sensors, and delta-sigma modulator devices aimed at enhancing electric vehicle (EV) charging efficiency. This new line addresses the increasing demand for better charging infrastructure in the emerging $400 billion EV market. The devices offer high precision and low error rates, facilitating quicker and more efficient power transfer. Skyworks aims to leverage its technology in various industries, including solar inverters and wireless charging.

Skyworks Solutions, Inc. (Nasdaq: SWKS) announced its participation in the J.P. Morgan Tech/Auto Forum during the 2023 International Consumer Electronics Show on January 5, 2023, at 11:05 a.m. PST in Las Vegas, at the Bellagio Hotel. The event will be available via live webcast and archived for one week on Skyworks’ website. As a leader in high-performance analog and mixed signal semiconductors, Skyworks works to connect people and devices across various sectors including automotive and cellular infrastructure.

Skyworks Solutions (Nasdaq: SWKS) has announced its new Si5332 family of clock generators, designed to support the transition to PCIe 6.0. This advancement enables data rates of 64GT/s and bandwidths of 256Gbps, effectively doubling PCIe 5.0 performance. The Si5332 maintains compatibility with earlier standards and utilizes PAM4 modulation for improved data transfer. Device samples are currently available, enhancing data center applications while reducing the need for multiple timing components. Skyworks will showcase this innovation at CES in Las Vegas from January 5-8, 2023.

Skyworks Solutions, Inc. (Nasdaq: SWKS) has launched a new range of Wi-Fi front-end modules (FEMs) known as Skyworks ICE™, achieving up to a 30% reduction in power consumption. These modules enhance the performance and efficiency of Wi-Fi 6/6E devices, catering to the growing demand for IoT and enterprise connectivity. The collaboration with Broadcom provides significant advancements in speed and latency management. Wi-Fi 6/6E is projected to dominate over 80% of the Wi-Fi market by 2025, making these innovations crucial for manufacturers aiming for sustainability and performance.