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Skyworks’ June-quarter revenue down 13% year-on-year due to ongoing inventory digestion for Android

What happened

Skyworks Solutions reported Q3 FY23 revenue of $1.07B, down 13% year-on-year and 7% sequentially. The decline is attributed to ongoing inventory digestion within the Android smartphone supply chain. Bearish: This signals continued weak end-demand and potential pricing pressure for analog/mixed-signal components as channel inventory remains elevated.

Impact and signal

Medium impactImpact score: 58/100

Affected components and suppliers

Analog SemiconductorsMixed-Signal Semiconductors

Skyworks Solutions Inc

inventory-digestionrevenue-declineandroid-demand

Source and time

Source: Semiconductor Today · 8/11/2023 · View original source

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Skyworks’ June-quarter revenue down 13% year-on-year due to ongoing inventory digestion for Android

What happened

Impact and signal

Affected components and suppliers

Source and time

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