NASDAQ$SWKS
Skyworks Solutions · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Skyworks reported solid results and strong cash generation amidst a challenging macroeconomic environment.
Skyworks delivered revenue of $1.046 billion, 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.
- Delivered integrated platforms to leading 5G smartphone OEMs, including flagship and mid-tier launches at Samsung, Google, and Oppo.
- Expanded design win pipeline and initiated new programs in automotive, including infotainment systems, traction inverters, cloud-enhanced driver-assist and CV2X on-board units.
- Secured several audio SoC design wins for wireless gaming and soundbars with PlayStation® and Samsung
- Mobile business saw below normal seasonal trends, with lower-than-expected end market demand.
Headline financials
Revenue & EPS history
Skyworks · Revenue · Quarterly
$1.05B
Forward guidance
For the June quarter, Skyworks expects revenue to be $900 million, plus or minus 2%, and anticipates non-GAAP diluted earnings per share of $1.21 at the mid-point of the revenue range.
Tailwinds
- Revenue expected to be $900 million, plus or minus 2%.
- Non-GAAP diluted earnings per share of $1.21 expected at the mid-point of the revenue range.
- Anticipate further modest growth as inventory levels appear to be normalizing in certain end markets.
- Board of directors has declared a cash dividend of $0.68 per share of the Company’s common stock, payable on June 11, 2024.
- Leverage connectivity technology across edge-connected IoT devices, automotive electrification and advanced safety systems, and AI infrastructure.
Headwinds
- Mobile business expected to be down sequentially, below normal seasonal patterns.
- Excess inventory clears.
- Challenging macroeconomic environment.
- Below normal seasonal trends in mobile business.
- Lower-than-expected end market demand in mobile business.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
+0.7%
Avg return
Earnings day
-1.4%
Avg return
5 days after
-1.2%
Avg return
30 days after
52%
36 / 69 earnings
Positive
+14.3%
Q3 2012
Best reaction
-24.7%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | -0.9% | -4.5% | +1.5% | |
| Q1 2026 | +5.5% | +10.0% | -2.0% | |
| Q4 2025 | +2.1% | -4.6% | -17.8% | |
| Q2 2025 | +0.6% | +8.6% | +7.0% | |
| Q1 2025 | -24.7% | -25.1% | -16.6% | |
| Q4 2024 | -5.5% | -4.9% | +1.9% | |
| Q3 2024 | -3.2% | -10.8% | -8.3% | |
| Q2 2024 | -16.3% | -14.2% | -15.9% | |
| Q1 2024 | -1.6% | -4.7% | -1.2% | |
| Q4 2023 | +4.6% | +2.6% | +12.8% | |
| Q3 2023 | -0.5% | -1.9% | -2.9% | |
| Q2 2023 | -4.1% | -6.7% | +0.9% | |
| Q1 2023 | +9.3% | +6.3% | +2.0% | |
| Q4 2022 | +5.4% | +6.3% | +12.7% | |
| Q3 2022 | +0.7% | -4.6% | -12.1% | |
| Q2 2022 | -4.2% | -10.8% | -6.5% | |
| Q1 2022 | -9.0% | -5.5% | -8.5% | |
| Q4 2021 | -5.4% | -5.4% | -13.9% | |
| Q3 2021 | -3.9% | -2.0% | -4.5% | |
| Q2 2021 | -7.7% | -11.6% | -13.4% | |
| Q1 2021 | +8.6% | +19.0% | +14.1% | |
| Q4 2020 | -1.8% | +3.9% | +1.5% | |
| Q3 2020 | -3.4% | -1.2% | +4.2% | |
| Q2 2020 | +5.9% | +12.5% | +28.8% | |
| Q1 2020 | -2.1% | -4.1% | -8.3% | |
| Q4 2019 | +0.8% | -1.0% | +11.1% | |
| Q3 2019 | +3.4% | -1.8% | +2.8% | |
| Q2 2019 | -1.0% | -5.6% | -24.7% | |
| Q1 2019 | +13.1% | +9.1% | +6.2% | |
| Q4 2018 | -7.2% | -12.8% | -18.2% | |
| Q3 2018 | -4.9% | -7.4% | -10.0% | |
| Q2 2018 | +5.3% | +5.8% | +10.5% | |
| Q1 2018 | +5.7% | +3.7% | +12.7% | |
| Q4 2017 | -1.8% | -2.5% | -14.8% | |
| Q3 2017 | +2.0% | +0.9% | -3.0% | |
| Q2 2017 | -3.1% | -2.2% | +2.8% | |
| Q1 2017 | +11.9% | +16.4% | +21.5% | |
| Q4 2016 | +0.1% | +3.1% | -2.3% | |
| Q3 2016 | -6.7% | -5.2% | +4.0% | |
| Q2 2016 | -7.6% | — | — | |
| Q1 2016 | +10.9% | — | — | |
| Q4 2015 | +7.2% | — | — | |
| Q3 2015 | -1.9% | — | — | |
| Q2 2015 | +5.0% | — | — | |
| Q1 2015 | +4.6% | — | — | |
| Q4 2014 | -1.6% | — | — | |
| Q3 2014 | +10.7% | — | — | |
| Q2 2014 | +12.1% | — | — | |
| Q1 2014 | +4.9% | — | — | |
| Q4 2013 | +4.8% | — | — | |
| Q3 2013 | +4.7% | — | — | |
| Q2 2013 | -0.1% | — | — | |
| Q1 2013 | +13.1% | — | — | |
| Q4 2012 | -14.7% | — | — | |
| Q3 2012 | +14.3% | — | — | |
| Q2 2012 | +10.3% | — | — | |
| Q1 2012 | +12.1% | — | — | |
| Q4 2011 | +2.7% | — | — | |
| Q3 2011 | +4.5% | — | — | |
| Q2 2011 | -4.6% | — | — | |
| Q1 2010 | -1.0% | — | — | |
| Q1 2011 | +1.7% | — | — | |
| Q4 2010 | -2.1% | — | — | |
| Q4 2008 | -2.1% | — | — | |
| Q3 2009 | -5.7% | — | — | |
| Q3 2010 | -5.7% | — | — | |
| Q4 2009 | +1.6% | — | — | |
| Q2 2010 | +1.6% | — | — | |
| Q2 2009 | +1.6% | — | — |
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