Skyworks Solutions (SWKS) Revenue — Quarter Ended Mar 29, 2024
Revenue for the quarter decreased from the prior quarter. Revenue also declined compared to the same quarter one year ago.
Key takeaway
Quarter ended Mar 29, 2024 · FY2024 Q2
Revenue for the quarter decreased from the prior quarter. Revenue also declined compared to the same quarter one year ago.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1B
Revenue reported for this quarter.
Quarter-over-quarter
-12.9%
Change from the immediately preceding quarter.
Year-over-year
-9.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.5B
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 |
|---|---|---|
| Jun 30, 2023 | $1.1B | -13.1% |
| Sep 29, 2023 | $1.2B | -13.4% |
| Dec 29, 2023 | $1.2B | -9.6% |
| Mar 29, 2024 | $1B | -9.3% |
Revenue performance
The reported revenue direction is downward, reflecting a sequential decline from the immediately preceding quarter. The year-over-year comparison also shows a decrease relative to the same quarter one year earlier.
Quarterly comparison
Revenue in this quarter was lower than the prior quarter and also lower than the same quarter one year ago. The filing includes no explanation for the changes in revenue.
What to watch
The successive quarterly revenue declines may warrant monitoring of demand trends or competitive dynamics, though no causal factors are provided in the filing.