Skyworks Solutions (SWKS) Revenue — Quarter Ended Mar 31, 2023
Revenue declined compared to both the prior quarter and the same quarter last year. The sequential and year-over-year decreases were similar in magnitude.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q2
Revenue declined compared to both the prior quarter and the same quarter last year. The sequential and year-over-year decreases were similar in magnitude.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.2B
Revenue reported for this quarter.
Quarter-over-quarter
-13.3%
Change from the immediately preceding quarter.
Year-over-year
-13.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jul 1, 2022 | $1.2B | -18.4% |
| Sep 30, 2022 | $1.4B | +7.3% |
| Dec 30, 2022 | $1.3B | -12.0% |
| Mar 31, 2023 | $1.2B | -13.7% |
Revenue performance
The reported revenue was lower than the preceding quarter, continuing a downward trend from the prior period. The year-over-year comparison also showed a decline.
Quarterly comparison
Compared to the immediately preceding quarter, revenue decreased. Versus the same quarter one year earlier, revenue was also lower.
What to watch
Monitor whether the sequential revenue decline persists in the coming quarters.