Skyworks Solutions (NasdaqGS:SWKS) reported quarterly earnings that surpassed Wall Street expectations, driven by strong performance in edge IoT, automotive, and data center segments. The company is strategically diversifying its business beyond its traditional mobile device focus, with design wins in Wi-Fi 7 and automotive connectivity. Skyworks stock is currently trading below its analyst target and Simply Wall St’s fair value estimate, indicating potential undervaluation, though its dividend yield is not well covered by earnings.
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Skyworks Earnings Beat Highlights Shifting Mix Beyond Smartphones
Skyworks Solutions (NasdaqGS:SWKS) reported quarterly earnings that surpassed Wall Street expectations, driven by strong performance in edge IoT, automotive, and data center segments. The company is strategically diversifying its business beyond its traditional mobile device focus, with design wins in Wi-Fi 7 and automotive connectivity. Skyworks stock is currently trading below its analyst target and Simply Wall St’s fair value estimate, indicating potential undervaluation, though its dividend yield is not well covered by earnings.