Skyworks Solutions (SWKS) Revenue — Quarter Ended Sep 29, 2023
Revenue for the quarter increased compared to the immediately preceding quarter, reversing a prior sequential decline. However, revenue remained below the level achieved in the same quarter one year earlier.
Key takeaway
Quarter ended Sep 29, 2023 · FY2023 Q4
Revenue for the quarter increased compared to the immediately preceding quarter, reversing a prior sequential decline. However, revenue remained below the level achieved in the same quarter one year earlier.
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
+13.8%
Change from the immediately preceding quarter.
Year-over-year
-13.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.8B
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 |
|---|---|---|
| Dec 30, 2022 | $1.3B | -12.0% |
| Mar 31, 2023 | $1.2B | -13.7% |
| Jun 30, 2023 | $1.1B | -13.1% |
| Sep 29, 2023 | $1.2B | -13.4% |
Revenue performance
The reported revenue shows a sequential rebound from the prior quarter, which had been the lowest in the trailing twelve months. Despite this uptick, the year-over-year comparison remained negative.
Quarterly comparison
Compared to the immediately preceding quarter, revenue grew, breaking a pattern of quarter-over-quarter declines seen earlier in the fiscal year. Against the same quarter one year ago, revenue was lower, consistent with the broader year-over-year contraction observed throughout the trailing period.
What to watch
Monitor whether the sequential recovery can extend into the next quarter, given the persistent year-over-year declines in the trailing data.