Skyworks Solutions Q4 2024 Earnings Review and Analysis
Skyworks Solutions Q4 2024 Earnings Overview
Skyworks Solutions, Inc. (NASDAQ: SWKS), a leading technology company specializing in analog semiconductors and wireless systems, has reported disappointing results for the fourth quarter of 2024. Revenue decreased to $1.03 billion from $1.22 billion during the same period last year.
Financial Performance Highlights
- Q4 2024 net income: $60.5 million, or $0.37 per share, compared to $244.8 million or $1.52 per share in Q4 2023
- Adjusted earnings per share: $1.55, down from $2.20 in the prior-year quarter
- Operating cash flow: $1.83 billion
- Free cash flow: $1.67 billion during the quarter
Looking Ahead
For Q1, Skyworks management anticipates revenue between $1.05 billion and $1.08 billion. At the midpoint, adjusted earnings per share are expected to be $1.57 for the December quarter. The forecast suggests a cautious approach in the face of prevailing market pressures.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.