Skyworks reports record cash flow, despite quarterly revenue falling 9.6% year-on-year to $1.2bn

What happened

Skyworks Solutions reported fiscal Q1 2024 revenue of $1.20bn, a sequential decline of 1.4% and a year-on-year drop of 9.6%, though it slightly exceeded its guidance midpoint. The decline reflects continued softness in the broader mobile market, a key end-market for the company's analog and RF chips. 利空: The persistent revenue contraction signals ongoing demand weakness for mobile-related semiconductors, a bearish indicator for near-term pricing and trading sentiment for these components.

Impact and signal

Affected components and suppliers

Source and time

Source: Semiconductor Today · 2/6/2024 · View original source