Skyworks Solutions Inc. (SWKS) stock tumbled 5.36% in post-market trading on Tuesday. The semiconductor company reported its fiscal second-quarter results, which revealed a significant contraction in profitability compared to the same period last year.
While the company's adjusted earnings per share of $1.15 and revenue of $943.7 million surpassed analyst estimates, the figures represented a notable decline from the prior year. GAAP diluted earnings per share plummeted 44.19% to $0.24, down from $0.43 a year earlier. Revenue also slipped by 1% from the $953.2 million reported in the fiscal second quarter of 2025.
The sharp year-over-year drop in earnings appears to have outweighed the positive guidance for the upcoming quarter, where the company forecast revenue and adjusted EPS above consensus expectations. Investors reacted negatively to the underlying deterioration in the company's financial performance, leading to the post-market sell-off.
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