Reported about 8 hours ago
Skyworks Solutions anticipates better-than-expected first-quarter revenue and profits due to strong demand for its radio-frequency chips, particularly for Apple's 5G iPhones. The company's growth is fueled by the rise of 5G smartphone adoption and AI technology. Skyworks expects revenue between $975 million and $1.03 billion, surpassing analyst estimates, and predicts an adjusted profit of $1.40 per share. Additionally, the firm recently announced plans to acquire Qorvo, further solidifying its position in the mobile chip market.
Source: YAHOO