Skyworks Solutn Stock Price, News & Analysis

Skyworks Solutions (Nasdaq: SWKS) will participate in the Goldman Sachs 2021 Technology and Internet Conference on February 11, 2021, at 2:40 p.m. EST. The event will be available for live webcast and will also be archived for replay for a week on Skyworks' website.

Skyworks is a leader in high-performance analog semiconductors, enhancing connectivity across various sectors including aerospace, automotive, and consumer electronics. The company is listed in the S&P 500 and Nasdaq-100 indices.

Skyworks Solutions, Inc. (Nasdaq: SWKS) reported first fiscal quarter results, showing revenue of $1.510 billion, a 58% sequential increase. The company's operating income was $571 million on a GAAP basis, with a diluted EPS of $3.05. Non-GAAP figures indicated an operating income of $622 million and diluted EPS of $3.36. The company forecasts revenue for the second fiscal quarter between $1.125 billion and $1.175 billion, with non-GAAP diluted EPS at $2.34. A $2 billion stock repurchase program was also announced.

Skyworks Solutions (Nasdaq: SWKS) announced a new stock repurchase program, authorizing the buyback of up to $2 billion of its common stock before Jan. 26, 2023. This replaces a previous program with approximately $783 million remaining. The company plans to fund the buyback through its working capital, which stood at $1 billion as of Jan. 1, 2021. Management will determine the timing and amount of repurchases based on market conditions. Repurchased shares may be used for stock plans and other corporate purposes.

Skyworks Solutions (Nasdaq: SWKS) will hold a conference call on Jan. 28, 2021, at 4:30 p.m. EST to discuss its Q1 fiscal 2021 results and business outlook. The earnings press release will be issued after market close on the same day and can be accessed via their website. The conference call can be listened to online or by phone, with a playback available from 9 p.m. EST on Jan. 28 until Feb. 4, 2021. Skyworks is a leading innovator in analog semiconductors, impacting wireless networking across various industries, including aerospace and automotive.

Skyworks Solutions (Nasdaq: SWKS) has achieved a major milestone by shipping over 1 million of its SKY66318-21 power amplifiers, the first high-efficiency small cell PA with a 200 MHz bandwidth at +28 dBm. This innovation supports the accelerated deployment of 5G technology. Skyworks collaborated with Xilinx to demonstrate the PA's power efficiency in 5G applications during CES 2021. The small cell 5G network market is projected to grow to $8.32 billion by 2027, driven by increasing mobile data traffic and 5G infrastructure investments.

Skyworks Solutions (Nasdaq: SWKS) announces its Wi-Fi 6E front-end modules are integral to the ASUS ROG Rapture GT-AXE11000 gaming router, the world's first ultra-fast Wi-Fi 6E router. This router utilizes the FCC's newly allocated 6~7 GHz band, effectively doubling traditional Wi-Fi capacity. The Wi-Fi 6E standard enhances connectivity for increased online activities like gaming and streaming. ABI Research forecasts 1.4 billion Wi-Fi 6E chipset shipments by 2025, addressing surging home Wi-Fi demands with reduced interference and improved high-quality connectivity.

Skyworks Solutions (Nasdaq: SWKS) announced its participation in the J.P. Morgan 19th Annual Tech/Auto Virtual Forum at 12:55 p.m. EST on January 12, 2021, during the International Consumer Electronics Show. The event will be available for live webcast and archived for one week on Skyworks' website. As a leading innovator in analog semiconductors, Skyworks connects various applications across diverse markets including automotive, aerospace, and connected home devices. The company is also a member of the S&P 500 and Nasdaq-100 indices.

Skyworks Solutions, Inc. (Nasdaq: SWKS) announced its participation in the Barclays Global Technology, Media and Telecommunications Conference, scheduled for 12:30 p.m. EST on December 9, 2020. The event will be live-streamed and available for replay for one week on the company's website. Skyworks specializes in high-performance analog semiconductors, playing a pivotal role in the wireless networking revolution across various sectors, including aerospace, automotive, and connected home applications. The company is a member of the S&P 500 and Nasdaq-100 indices.

Skyworks Solutions (SWKS) reported significant financial results for Q4 and the fiscal year 2020, with revenue of $956.8 million, up 30% sequentially, surpassing estimates. GAAP operating income reached $267.6 million, yielding diluted EPS of $1.46, while non-GAAP EPS was $1.85. For the entire fiscal year, revenue totaled $3.356 billion with a GAAP EPS of $4.80. Looking ahead, Skyworks expects double-digit revenue and earnings growth in Q1 2021, predicting revenue between $1,040 million and $1,070 million.

The Board of Directors declared a cash dividend of $0.50 per share, payable on Dec. 10, 2020.