Investing.com — Skyworks Solutions reported Monday fiscal in-line second-quarter results, but the chip maker’s guidance for the current quarter fell short of Wall Street estimates as a challenging macro backdrop continued to weigh on performance.
Skyworks Solutions (NASDAQ:) was down 7% in after-hours following the report.
Skyworks Solutions 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.
