Skyworks Solutions (SWKS) Revenue — Quarter Ended Jun 30, 2023
Revenue declined in the current quarter compared with both the prior quarter and the same quarter a year earlier. The sequential decrease continued a pattern of lower revenue seen in recent quarters.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q3
Revenue declined in the current quarter compared with both the prior quarter and the same quarter a year earlier. The sequential decrease continued a pattern of lower revenue seen in recent quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.1B
Revenue reported for this quarter.
Quarter-over-quarter
-7.1%
Change from the immediately preceding quarter.
Year-over-year
-13.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$5B
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 |
|---|---|---|
| Sep 30, 2022 | $1.4B | +7.3% |
| Dec 30, 2022 | $1.3B | -12.0% |
| Mar 31, 2023 | $1.2B | -13.7% |
| Jun 30, 2023 | $1.1B | -13.1% |
Revenue performance
The reported revenue for the quarter was lower than the preceding quarter, reflecting a continued downward trajectory.
Quarterly comparison
Compared with the same quarter one year earlier, revenue was also lower. The year-over-year decline was larger than the sequential decline.
What to watch
Revenue has decreased in each of the last four quarters, warranting attention to the sustainability of demand.