Menu

Earnings preview: Shipments cessation to hurt Skyworks Q3 results

By Staff Correspondent |

Skyworks Solutions (NASDAQ: SWKS) is set to release its earnings results for the third quarter of 2019 on Wednesday after the market closes. The results will be hurt by the cessation of shipments of mobile and wireless infrastructure solutions to Huawei Technologies and affiliates after the actions taken by the US Department of Commerce against Huawei.

Apart from this, the top line will likely be impacted by the weakness in smartphone demand despite the increasing number of applications of the Internet of Things and its expanding analog product portfolio supporting new vertical markets. Skyworks sells products directly to OEMs of communications and electronics products, third-party original design manufacturers and contract manufacturers, and indirectly through electronic components distributors.

The company generally experiences seasonal peaks during the fourth and first quarters, primarily as a result of the increased worldwide production of consumer electronics in anticipation of increased holiday sales, whereas its second and third fiscal quarters are typically lower and in line with seasonal industry trends.

Earnings preview: Shipments cessation to hurt Skyworks Q2 results
Photo Courtesy: Skyworks / Facebook post

Analysts expect the company’s earnings to decline by 17.70% to $1.35 per share and revenue to drop by 14.10% to $768.63 million for the third quarter. The company has surprised investors by beating analysts’ expectations thrice in the past four quarters.

For the second quarter, Skyworks reported a 22% drop in earnings due to lower revenue and higher research and development expenses. The company experienced an increase in R&D expenses due to its intention to strengthen its business model and momentum across its high-growth broad markets and Internet of Things (IoT) portfolio.

For the third quarter, the company lowered revenue outlook to the range of $755 million to $775 million from the previous range of $815 million to $835 million and adjusted earnings guidance of $1.34 at the mid of the revenue range compared to the prior estimate of $1.50 per share.

Also read: CyberArk Software Q2 preview

Market-wise, the company competes with global semiconductor manufacturers, including Analog Devices (NASDAQ: ADI), Broadcom (NASDAQ: AVGO), Maxim Integrated Products (NASDAQ: MXIM), Murata Manufacturing, NXP Semiconductors (NASDAQ: NXPI), Qualcomm (NASDAQ: QCOM), and Qorvo (NASDAQ: QRVO).

Skyworks expects that intense price and product competition will continue as it faces significant competition in the markets. In addition, the growth opportunities in communications electronics, global expansion, and policy changes could aid in additional competitors entering the market. For tackling this, the company has resorted to investments in new products and services apart from acquisitions.

We’re on Apple News! Follow us to receive the latest stock market, earnings, and financial news at your fingertips

Advertisement

213 responses to “Earnings preview: Shipments cessation to hurt Skyworks Q3 results”

  1. قسم علوم الحاسب

    […]Wonderful story, reckoned we could combine a few unrelated data, nevertheless genuinely worth taking a search, whoa did a single discover about Mid East has got extra problerms too […]

  2. fue contact

    […]although internet sites we backlink to below are considerably not connected to ours, we really feel they’re truly really worth a go by, so have a look[…]

  3. Fiverr Earn

    […]that may be the end of this post. Right here you’ll obtain some web sites that we consider you’ll appreciate, just click the hyperlinks over[…]

  4. Fiverr Earn

    […]although sites we backlink to beneath are considerably not connected to ours, we really feel they may be truly worth a go through, so possess a look[…]

  5. fiverrearn.com

    […]we prefer to honor many other net websites on the web, even if they aren’t linked to us, by linking to them. Beneath are some webpages worth checking out[…]

  6. french bulldog puppies

    […]we like to honor quite a few other world-wide-web sites around the web, even though they aren’t linked to us, by linking to them. Underneath are some webpages really worth checking out[…]

  7. french bulldog

    […]Wonderful story, reckoned we could combine a few unrelated information, nevertheless really really worth taking a look, whoa did one learn about Mid East has got additional problerms also […]

  8. texas french bulldog for sale

    […]Wonderful story, reckoned we could combine a number of unrelated data, nonetheless genuinely worth taking a look, whoa did one particular master about Mid East has got additional problerms as well […]

  9. FiverrEarn

    […]check below, are some absolutely unrelated web-sites to ours, having said that, they’re most trustworthy sources that we use[…]

  10. golf cart rental isla mujeres

    […]Wonderful story, reckoned we could combine some unrelated data, nevertheless seriously worth taking a look, whoa did a single study about Mid East has got more problerms as well […]

  11. Piano trading

    […]we like to honor lots of other internet websites around the net, even though they aren’t linked to us, by linking to them. Under are some webpages really worth checking out[…]

  12. FiverrEarn

    […]Wonderful story, reckoned we could combine several unrelated data, nevertheless genuinely worth taking a search, whoa did one find out about Mid East has got much more problerms too […]

  13. partners

    […]we prefer to honor quite a few other online sites around the web, even though they aren’t linked to us, by linking to them. Beneath are some webpages really worth checking out[…]

  14. glucotrust official website

    […]Wonderful story, reckoned we could combine several unrelated information, nevertheless seriously really worth taking a look, whoa did a single learn about Mid East has got extra problerms at the same time […]

  15. FiverrEarn

    […]although web-sites we backlink to beneath are considerably not related to ours, we really feel they may be essentially worth a go as a result of, so have a look[…]

  16. FiverrEarn

    […]that is the finish of this post. Here you’ll locate some internet sites that we consider you will enjoy, just click the hyperlinks over[…]

  17. FiverrEarn

    […]although internet websites we backlink to beneath are considerably not associated to ours, we feel they may be in fact really worth a go by means of, so have a look[…]

  18. FiverrEarn

    […]that will be the finish of this post. Here you will uncover some web pages that we believe you’ll appreciate, just click the links over[…]

  19. Queen Arwa University

    […]Wonderful story, reckoned we could combine some unrelated data, nonetheless really really worth taking a search, whoa did one discover about Mid East has got additional problerms too […]

  20. Fresh

    […]check beneath, are some completely unrelated sites to ours, nevertheless, they are most trustworthy sources that we use[…]

  21. Slot Gacor

    […]we prefer to honor lots of other online internet sites around the net, even though they aren’t linked to us, by linking to them. Under are some webpages really worth checking out[…]

  22. FiverrEarn

    […]Every the moment inside a whilst we choose blogs that we read. Listed below are the latest internet sites that we pick out […]

  23. nangs sydney

    […]here are some hyperlinks to internet sites that we link to for the reason that we believe they may be worth visiting[…]

  24. allgame

    […]Every after inside a while we choose blogs that we read. Listed beneath are the most up-to-date web-sites that we opt for […]

  25. 918kiss

    […]Wonderful story, reckoned we could combine a handful of unrelated information, nonetheless actually really worth taking a search, whoa did a single master about Mid East has got more problerms as well […]

  26. carte uno reverse

    […]Wonderful story, reckoned we could combine several unrelated information, nevertheless actually really worth taking a appear, whoa did one particular discover about Mid East has got more problerms as well […]

  27. Raahe Guide

    […]very few web-sites that come about to be in depth below, from our point of view are undoubtedly nicely really worth checking out[…]

  28. masumintl.com

    […]that could be the finish of this post. Here you’ll find some websites that we consider you will enjoy, just click the links over[…]

  29. itme.xyz

    […]very few internet sites that transpire to become detailed beneath, from our point of view are undoubtedly well really worth checking out[…]

  30. mzplay

    […]just beneath, are a lot of absolutely not connected web sites to ours, on the other hand, they’re surely worth going over[…]

  31. houston tx salons

    […]although internet websites we backlink to below are considerably not related to ours, we really feel they’re essentially worth a go as a result of, so possess a look[…]

  32. liz kerr

    […]check below, are some entirely unrelated web sites to ours, however, they are most trustworthy sources that we use[…]

  33. free cam girls

    […]we prefer to honor a lot of other world-wide-web internet sites on the net, even if they aren’t linked to us, by linking to them. Beneath are some webpages worth checking out[…]

  34. nft

    […]although websites we backlink to below are considerably not related to ours, we really feel they may be really really worth a go by, so have a look[…]

  35. dog registry

    […]very handful of internet websites that occur to be in depth beneath, from our point of view are undoubtedly well really worth checking out[…]

  36. battlefield v mod

    […]although internet sites we backlink to beneath are considerably not connected to ours, we feel they are essentially really worth a go by, so possess a look[…]

  37. 늑대닷컴

    […]check beneath, are some entirely unrelated web-sites to ours, having said that, they’re most trustworthy sources that we use[…]

  38. french bulldog texas

    […]very couple of internet sites that happen to become detailed below, from our point of view are undoubtedly very well worth checking out[…]

  39. bulldog shih tzu mix

    […]we prefer to honor lots of other internet web sites on the net, even when they aren’t linked to us, by linking to them. Beneath are some webpages worth checking out[…]

  40. Dog Breed Registries

    […]although websites we backlink to beneath are considerably not associated to ours, we really feel they’re truly really worth a go by, so possess a look[…]

  41. Dog Breed Registries

    […]although web sites we backlink to below are considerably not connected to ours, we really feel they are basically worth a go by means of, so possess a look[…]

  42. Dog Papers

    […]just beneath, are many totally not associated internet sites to ours, even so, they are surely worth going over[…]

  43. Dog Registry

    […]we like to honor numerous other web web pages around the net, even if they aren’t linked to us, by linking to them. Underneath are some webpages worth checking out[…]

  44. Dog Registry

    […]we like to honor numerous other web websites on the web, even if they aren’t linked to us, by linking to them. Underneath are some webpages worth checking out[…]

  45. dog registration

    […]Wonderful story, reckoned we could combine a number of unrelated data, nonetheless actually really worth taking a appear, whoa did one particular study about Mid East has got far more problerms too […]

  46. linh hoang

    […]very few internet sites that occur to be comprehensive below, from our point of view are undoubtedly nicely worth checking out[…]

  47. magnolia bjj

    […]very handful of internet sites that occur to be comprehensive beneath, from our point of view are undoubtedly nicely really worth checking out[…]

Top