Skyworks Solutions (SWKS.O), a key Apple supplier, reported stronger-than-expected second-quarter results and issued an upbeat Q3 forecast, signaling resilient demand for its analog and mixed-signal chips despite ongoing global trade tensions. The company also announced the appointment of Mark Dentinger as its new Chief Financial Officer, effective June 2, succeeding Kris Sennesael, who is stepping down to pursue another opportunity.
Shares rose 2.7% in extended trading following the announcements.
Q2 Results:
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Revenue: $953M (vs. $951.5M expected)
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Adjusted EPS: $1.24 (vs. $1.20 expected)
Q3 Outlook:
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Revenue guidance: $920M–$960M (midpoint > $922M estimate)
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Adjusted EPS guidance: $1.24 (vs. $1.06 estimate)
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Mobile chip business: Expected to decline low single digits sequentially
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Broad markets: On track for another quarter of sequential growth
“We remain encouraged by ongoing momentum in our broad markets,” the company said in its earnings release, citing improving year-over-year trends across industrial, automotive, and consumer segments.
Leadership Change:
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Mark Dentinger, former CFO of Veritas, will step in as Skyworks CFO on June 2
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Kris Sennesael, outgoing CFO, to exit on Friday
Skyworks continues to compete with chipmakers like NXP Semiconductors (NXPI), Qorvo (QRVO), and Texas Instruments (TXN) in supplying key components for wireless communications and IoT-driven applications.
Despite macroeconomic uncertainty and tech-sector volatility, the company’s stable mobile business and growth in diversified markets underscore investor confidence going into the back half of 2025.