Skyworks Solutions Inc. (SWKS) announced a profit for second quarter that decreased from the same period last year but beat the Street estimates.
The company's earnings came in at $68.7 million, or $0.43 per share. This compares with $183.3 million, or $1.14 per share, last year.
Excluding items, Skyworks Solutions Inc. reported adjusted earnings of $196.8 million or $1.24 per share for the period.
Analysts on average had expected the company to earn $1.20 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 8.9% to $0.953 billion from $1.046 billion last year.
Skyworks Solutions Inc. earnings at a glance (GAAP) :
-Earnings: $68.7 Mln. vs. $183.3 Mln. last year.-EPS: $0.43 vs. $1.14 last year.-Revenue: $0.953 Bln vs. $1.046 Bln last year.
-Guidance:Next quarter revenue guidance: $920 - $960 Mln
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.