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

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: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.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.