Skyworks Solutions (SWKS) Q1 Earnings and Revenues Surpass Estimates

Core Insights - Skyworks Solutions (SWKS) reported quarterly earnings of $1.60 per share, exceeding the Zacks Consensus Estimate of$1.57 per share, but down from $1.97 per share a year ago, indicating an earnings surprise of 1.91$1.07 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.31%, but down from $1.2 billion year-over-year [2] - Skyworks has outperformed consensus EPS estimates three times in the last four quarters and has also topped revenue estimates three times during the same period [2] Earnings Outlook - The sustainability of Skyworks' stock price movement will largely depend on management's commentary during the earnings call and future earnings expectations [3][4] - The current consensus EPS estimate for the upcoming quarter is$1.19 on revenues of $942.25 million, while for the current fiscal year, the estimate is$5.34 on revenues of $3.99 billion [7] Industry Context - The Semiconductors - Radio Frequency industry, to which Skyworks belongs, is currently ranked in the top 12% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% of ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]