Skyworks Solutions (NASDAQ:SWKS) reported its Q1 earnings results on Tuesday, January 30, 2024 at 04:01 PM.

Here's what investors need to know about the announcement.

Earnings

Skyworks Solutions beat estimated earnings by 1.03%, reporting an EPS of $1.97 versus an estimate of $1.95.

Revenue was down $127.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.1 which was followed by a 1.73% increase in the share price the next day.

Here's a look at Skyworks Solutions's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Skyworks Solutions management provided guidance for Q2 2024, expecting earnings between $1.52 and $1.52 per share.

To track all earnings releases for Skyworks Solutions visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.