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

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.

Highlights

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.

This report is useful for M&A, business & investment analysis to all students, researchers, investors, private equity houses, broking firms, hedge funds, advisory firms and corporates to decide upon their investment strategies. Do connect with us, if you are looking for equity valuation, recommendation, analysis and market recommendation for any specific company, sector and industry.

Highlights

Valuation

– 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

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages: 36

To Download other equity/reports CLICK HERE

Follow our LinkedIn page for more updates.