Skyworks Solutions (NASDAQ: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.
Earnings
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.
Past Earnings Performance
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).
Guidance
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.
