Skyworks Solutions (SWKS, Financial) reported a solid performance in the second quarter, achieving revenue of $953.2 million, slightly surpassing the market expectation of $951.5 million. The company's solid results were attributed to its diverse product offerings and strategic customer collaborations, coupled with exceptional operational execution.
During this quarter, Skyworks demonstrated significant financial strength by generating robust free cash flow. This enabled the company to return over $600 million to its shareholders through share buybacks and dividends, marking its highest ever quarterly return. Despite facing market fluctuations, Skyworks remains committed to executing its strategic initiatives and supporting a wide array of market needs.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for Skyworks Solutions Inc (SWKS, Financial) is $68.57 with a high estimate of $103.00 and a low estimate of $45.00. The average target implies an upside of 2.14% from the current price of $67.13. More detailed estimate data can be found on the Skyworks Solutions Inc (SWKS) Forecast page.
Based on the consensus recommendation from 28 brokerage firms, Skyworks Solutions Inc's (SWKS, Financial) average brokerage recommendation is currently 3.1, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Skyworks Solutions Inc (SWKS, Financial) in one year is $77.93, suggesting a upside of 16.09% from the current price of $67.13. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Skyworks Solutions Inc (SWKS) Summary page.
