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Investing.com -- Skyworks Solutions Inc (NASDAQ:SWKS) reported better-than-expected second-quarter earnings and revenue, sending shares up 3.2% in after-hours trading. The semiconductor company also provided strong guidance for the current quarter, surpassing analyst expectations.
For the second quarter ended March 28, 2025, Skyworks posted adjusted earnings per share of $1.24, beating the analyst estimate of $1.20. Revenue came in at $953 million, slightly above the consensus estimate of $951.52 million and up 0.2% YoY.
Looking ahead, Skyworks forecast third-quarter adjusted earnings of $1.24 per share on revenue between $920 million and $960 million. The midpoint of this guidance range exceeds analyst expectations of $1.05 EPS and $918 million in revenue.
"Skyworks delivered solid results this quarter, underscored by our diversified product portfolio, disciplined execution, and strategic engagements with customers," said Phil Brace, CEO and president of Skyworks.
The company reported strong free cash flow generation, returning over $600 million to shareholders through share repurchases and dividends in the quarter.
Kris Sennesael, CFO of Skyworks, commented on the outlook: "We expect our mobile business to decline low single digits sequentially, generally consistent with typical seasonal patterns. We remain encouraged by ongoing momentum in our Broad Markets that is on track for another quarter of sequential growth and improving year-over-year trends."
Skyworks also declared a quarterly cash dividend of $0.70 per share, payable on June 17, 2025, to stockholders of record as of May 27, 2025.