Skyworks(SWKS) Prnewswire·2025-02-11 21:43Core Insights - Skyworks Solutions, Inc. is under investigation for potential securities fraud and unlawful business practices involving its officers and directors [1] - The company reported a significant decline in quarterly revenue for the fiscal quarter ending December 27, 2024, with expectations of a mid-to-high teens sequential decline in mobile revenue [2] - Following the financial results announcement, Skyworks' stock price dropped by 65.60 on February 6, 2025 [3] Financial Performance - Skyworks reported a greater than anticipated decline in quarterly revenue for the fiscal quarter ended December 27, 2024 [2] - The company anticipates a mid-to-high teens sequential decline in mobile revenue [2] Management Changes - Philip Brace has been appointed as the new President and Chief Executive Officer of Skyworks, effective February 17, 2025 [2]