Skyworks Q2 results in-line, but Q3 guidance falls short

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Skyworks Solutions (NASDAQ:SWKS) was down 7% in after-hours following the report.

Skyworks Solutions reported Q2 EPS of $2.02 on revenue of $1.15 billion, in line with Wall Street estimates.

For the third fiscal quarter of 2023, revenue was to be between $1.05B and $1.090B with adjusted diluted earnings per share of $1.67. That compared with Wall Street estimates for EPS of $2.06 on revenue of $1.16B.