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Apple Supplier Skyworks Solutions Forecasts Strong Q4 Results on Robust Chip Demand

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Skyworks Solutions (SWKS.O), a key Apple supplier, projected fourth-quarter revenue and profit above Wall Street estimates on Tuesday, driven by sustained demand for its analog chips despite economic uncertainties. The company’s shares rose about 10% in extended trading.

CEO Phil Brace highlighted positive momentum in mobile markets and steady demand across sectors including edge IoT, automotive, and data centers. Skyworks designs and manufactures analog and mixed-signal chips used widely in wireless communications, automotive, industrial, and consumer electronics.

For the fourth quarter, Skyworks expects revenue between $1 billion and $1.03 billion, significantly higher than analyst estimates of $887.4 million. Adjusted earnings per share are forecast at $1.40, outperforming expectations of 97 cents per share.

In the third quarter ended June 27, Skyworks reported revenue of $965 million, beating estimates of $940.9 million. However, profit per share declined to 70 cents from 75 cents a year earlier. The company also recently appointed Robert Schriesheim as interim finance chief after a change in leadership plans earlier this year.

GlobalFoundries Q3 Outlook Disappoints Amid Weak Smartphone Demand

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GlobalFoundries, the world’s third-largest contract chipmaker, projected third-quarter revenue and profit below Wall Street expectations as the recovery in consumer electronics demand, particularly smartphones, remains sluggish. Shares fell 6% in premarket trading, adding to a roughly 15% decline this year.

U.S. tariffs and broader economic uncertainty have dampened smartphone sales, with IDC data showing global growth slowing to just 1% in the June quarter. CEO Tim Breen, who took over in February, said the company is awaiting a “return to meaningful growth” in consumer-driven markets.

For Q3, GlobalFoundries expects net revenue of $1.68 billion (±$25 million), versus analysts’ estimates of $1.79 billion. Adjusted EPS is forecast at $0.38 (±$0.05), below the $0.41 consensus.

Despite the weak outlook, the company beat expectations in Q2 thanks to cost controls and strength in automotive and datacenter segments. Revenue for the quarter rose 3.7% to $1.69 billion, slightly above forecasts, while adjusted EPS reached $0.42 against the $0.35 estimate.

GlobalFoundries is expanding in automotive with a chipmaking deal with Continental and the July acquisition of chip architecture supplier MIPS to strengthen industrial and AI processor offerings. In June, it raised its total investment plans to $16 billion, including $1 billion more for capital spending and $3 billion for R&D in emerging chip technologies for EVs and AI servers.

Analog Devices Forecasts Strong Sales, But Auto Segment Tariff Boost Raises Sustainability Questions

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Analog Devices (ADI) on Thursday projected third-quarter revenue of $2.75 billion (± $100 million), beating Wall Street estimates of $2.62 billion, according to LSEG data. However, investor concern over tariff-driven demand in the automotive segment led to a 5% dip in shares after the announcement.

The chipmaker cited high-single-digit “pull-in” demand from automakers looking to stockpile semiconductors ahead of U.S. tariff changes, contributing to a 24% year-on-year jump in automotive sales, which reached $849.5 million for the May quarter. Yet, Analog Devices warned that auto revenue is expected to decline sequentially in the third quarter, triggering concerns about the durability of the rebound.

“While it’s difficult to delineate what was pull-in versus normal, our estimate for pull-in upside is in the high-single digit range,” said an ADI executive during the earnings call.

Broader Trends in Analog Chip Demand

The report follows a broader industry trend, with Texas Instruments last month also forecasting above-consensus revenue, signaling a revival in analog chip demand after quarters of inventory correction. Analysts believe restocking activity is now underway.

“Inventory had been really drawn down, so now we are seeing a restocking,” said Daiwa analyst Lou Miscioscia.

Despite the strong headline numbers, Stifel analyst Tore Svanberg noted investor concern around the temporary nature of auto demand driven by tariff policy rather than organic growth.

Consumer Segment Surges

ADI also reported a 30% jump in sales in its consumer segment, fueled by a rebound in personal electronics demand. According to Canalys data, global PC shipments rose 9.4% in Q1 2025 as manufacturers accelerated deliveries ahead of expected tariff hikes.

For Q3, Analog Devices forecast adjusted earnings per share of $1.92 (± $0.10), also ahead of consensus.