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Skyworks Shares Plummet 24% Amid Weak Forecast, CEO Change

2/6/2025

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Summary

Story summary

Skyworks Solutions Inc. shares fell 24% following a weak earnings forecast and CEO transition to Philip Brace.
The company anticipates second-quarter revenue of $935 million to $965 million, with adjusted earnings of $1.20 per share.
A notable decrease in content supplied to Apple for the iPhone 17 raises concerns.
Growth opportunities may arise in 5G technology and the Internet of Things market.

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Story summary

Skyworks Solutions Inc. shares fell 24% following a weak earnings forecast and CEO transition to Philip Brace.
The company anticipates second-quarter revenue of $935 million to $965 million, with adjusted earnings of $1.20 per share.
A notable decrease in content supplied to Apple for the iPhone 17 raises concerns.
Growth opportunities may arise in 5G technology and the Internet of Things market.