Recap: Skyworks Solutions Q2 Earnings - Skyworks Solutions (NASDAQ:SWKS)

Skyworks Solutions SWKS reported its Q2 earnings results on Tuesday, May 3, 2022 at 04:01 PM.

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

Skyworks Solutions reported in-line EPS of $2.63 versus an estimate of $2.63.

Revenue was up $164.00 million from the same period last year.

Last quarter the company beat on EPS by $0.02 which was followed by a 2.48% drop in the share price the next day.

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

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	3.12	2.53	2.14	2.35
EPS Actual	3.14	2.62	2.15	2.37
Revenue Estimate	1.50B	1.30B	1.10B	1.15B
Revenue Actual	1.51B	1.31B	1.12B	1.17B

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).

Skyworks Solutions management provided guidance for Q3 2022, expecting earnings between $2.36 and $2.36 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.