Skyworks Forecasts Quarterly Revenue Above Estimates
Skyworks Solutions expects third-quarter revenue to exceed estimates on strong chip demand. The Apple supplier also beat second-quarter profit and sales targets.
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SKYWORKS SOLUTIONS INC expects third-quarter revenue between $900 million and $950 million, exceeding the $861.3 million analyst consensus. The forecast follows a second quarter where revenue reached $943.7 million, beating estimates by $44.4 million. As a primary APPLE INC supplier, Skyworks is benefiting from strong demand for high-end 5G smartphone components.
