Skyworks Solutions (SWKS) Revenue — Quarter Ended Dec 29, 2023
Revenue for the reported quarter declined compared with both the immediately preceding quarter and the same quarter one year earlier. The year-over-year decrease was more substantial than the sequential change.
Key takeaway
Quarter ended Dec 29, 2023 · FY2024 Q1
Revenue for the reported quarter declined compared with both the immediately preceding quarter and the same quarter one year earlier. The year-over-year decrease was more substantial than the sequential change.
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
-1.4%
Change from the immediately preceding quarter.
Year-over-year
-9.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.6B
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 |
|---|---|---|
| Mar 31, 2023 | $1.2B | -13.7% |
| Jun 30, 2023 | $1.1B | -13.1% |
| Sep 29, 2023 | $1.2B | -13.4% |
| Dec 29, 2023 | $1.2B | -9.6% |
Revenue performance
Net revenue was lower than in the prior quarter, reflecting a modest sequential contraction. The year-over-year comparison also showed a decline, indicating weaker performance relative to the same period last year.
Quarterly comparison
When measured against the immediately preceding quarter, revenue edged lower. The drop from the same quarter one year earlier was larger, highlighting a more pronounced annual decline.
What to watch
The sequential revenue trend, though modestly negative, may warrant attention given the broader year-over-year decline.