earnings
confidence medium
sentiment neutral
materiality 0.70
Skyworks Q2 FY24 revenue $1.046B, GAAP EPS $1.14, non-GAAP EPS $1.55; declares $0.68 dividend
SKYWORKS SOLUTIONS, INC.
2024-Q2 EPS reported
$2.57
revenue$2,247,500,000
- Revenue $1.046B; GAAP diluted EPS $1.14; non-GAAP diluted EPS $1.55.
- Operating cash flow $300M; free cash flow $273M for the quarter.
- CEO cites below-normal seasonal trends and lower-than-expected end market demand.
- Design wins at Samsung, Google, Oppo; automotive and audio SoC programs initiated.
- Board declared $0.68/share cash dividend, payable June 11, record May 21.