Skyworks’ quarterly revenue falls during Android-related inventory consumption

What happened

Skyworks Solutions reported Q1 FY2023 revenue of $1.329bn, down 5.5% QoQ and 12% YoY, though exceeding estimates. The decline was attributed to ongoing inventory consumption, particularly in the Android smartphone market. Bearish: This signals sustained weakness in end-demand for smartphone components, pressuring pricing and inventory levels for related analog/RF chips.

Impact and signal

Affected components and suppliers

Source and time

Source: Semiconductor Today · 2/9/2023 · View original source