Apple supplier Skyworks cuts Q1 guidance

Jan. 08, 2019 4:59 PM ETSkyworks Solutions, Inc. (SWKS)By: Brandy Betz, SA News Editor20 Comments
  • Skyworks (NASDAQ:SWKS) cuts its Q1 forecast citing unit weakness across its largest smartphone clients. The revenue outlook now stands at $970M (prior: $1B to $1.02B) with EPS of $1.81 to $1.84 (prior: $1.91 at midpoint).
  • Apple recently cut its already soft guidance for the holiday quarter on soft iPhone sales and Samsung blamed its Q4 weakness, in part, on smartphone competition.
  • Skyworks will report earnings on February 5.
  • Skyworks shares are up 2% aftermarket.

Recommended For You

Comments (20)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.