Earnings To Watch: Skyworks Solutions (SWKS) Reports Q2 Results Tomorrow - The Chronicle-Journal
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Wireless chips maker Skyworks Solutions ( NASDAQ: SWKS ) will be announcing earnings results this Tuesday after the bell. Here's what you need to know. Skyworks Solutions beat analysts' revenue expectations last quarter, reporting revenues of $943.7 million, flat year on year. It was an exceptional quarter for the company, with a beat of analysts' EPS estimates and a solid beat of analysts' operating income estimates. Is Skyworks Solutions a buy or sell going into earnings? Read our full analysis here, it's free for active Edge members. This quarter, the market is expecting Skyworks Solutions's revenue to decline 4% year on year, a reversal from the 6.6% increase it recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Skyworks Solutions has a history of exceeding Wall Street's expectations. Looking at Skyworks Solutions's peers in the semiconductors segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Texas Instruments delivered year-on-year revenue growth of 22.8%, beating analysts' expectations by 3.8%, and Intel reported revenues up 25.4%, topping estimates by 11.7%. Texas Instruments traded down 3.6% following the results while Intel was also down 12.2%. Read our...
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