Skyworks Solutions, Inc. (SWKS) – Headwinds affecting Skyworks Growth

in , , on November 3, 2023

Skyworks Solutions, Inc. (SWKS) (Q3FY23)

Stock Performance: Skyworks stock price showed a downtrend in the past 3- month period and gave negative returns of -22%. The stock price increased by 3% in the past 1 year. The stock has a 52-week high of $123.69 and its 52- week low is $80.08.

Q3FY23 Performance: For Q3FY23, revenue was $1.071bn, Mobile contributed 59% of total revenue, with decent gains despite weaker demand in the Android ecosystem. Growth markets accounted for 41% of revenue, particularly strong in the automotive, infrastructure, and industrial sectors.

Guidance: In Q4FY23, SWKS anticipates revenue to be between $1.19bn and $1.125bn, indicating a sequential decline given the weakness in broad markets. Gross margin is projected to be in the range of 47% to 48% and operating expenses are expected to be approximately $178mn to $182mn. Non-GAAP EPS is expected to be $2.10 at the midpoint of the revenue range.


In the smartphone market, Skyworks faces substantial pressure leading to a predicted continuous decline in annual sales, likely extending beyond 2024. The outlook indicates a decline in sales and EPS, reaching a low point around the current quarter with expectations
of a rebound afterward.

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– Enterprise Value
– CrispIdea Forecast
– CrispIdea Segment Forecast
– Economic Value Added Analysis
– Discounted Cash Flow Analysis
– P/E Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– Du Pont Analysis
– ROIC & ROCE Analysis
– Segment Performance
– Key Metrics
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance


Stock Price Performance

Crispidea Coverage

No of Pages: 36

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Release Information

  • Price


  • Released

    November 3, 2023

  • Last Updated

    November 3, 2023