Of Three Apple Suppliers, Only Skyworks Solutions Hit Street Guidance
Portfolio Pulse from
Skyworks Solutions exceeded financial guidance with strong revenue and EPS, driven by its presence in Android 5G and Wi-Fi 7 markets. Despite risks from unproven unit growth, it remains a buy with a price target above $100.
December 04, 2024 | 11:30 pm
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Skyworks Solutions reported strong financials, exceeding guidance with $1.015 billion in revenue and $1.55 EPS. The company is strong in Android 5G and Wi-Fi 7 markets, with a buy rating and a price target above $100.
Skyworks Solutions exceeded its financial guidance, indicating strong performance and market position in key growth areas like 5G and Wi-Fi 7. This positive financial result and market strength support the buy rating and price target above $100, likely boosting short-term stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100