Skyworks Solutions (SWKS) Revenue — Quarter Ended Jun 28, 2024
Skyworks Solutions reported a decline in revenue for the quarter. The decrease was evident when compared to both the preceding quarter and the same period last year.
Key takeaway
Quarter ended Jun 28, 2024 · FY2024 Q3
Skyworks Solutions reported a decline in revenue for the quarter. The decrease was evident when compared to both the preceding quarter and the same period last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$905.5M
Revenue reported for this quarter.
Quarter-over-quarter
-13.4%
Change from the immediately preceding quarter.
Year-over-year
-15.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.4B
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 29, 2023 | $1.2B | -13.4% |
| Dec 29, 2023 | $1.2B | -9.6% |
| Mar 29, 2024 | $1B | -9.3% |
| Jun 28, 2024 | $905.5M | -15.5% |
Revenue performance
Revenue contracted relative to the prior quarter, continuing a downward trajectory. The year-over-year comparison also showed a reduction.
Quarterly comparison
Sequentially, revenue fell from the immediately preceding quarter. On an annual basis, revenue was lower than the comparable quarter one year earlier.
What to watch
Revenue has declined for several consecutive quarters, a pattern that may continue to influence financial performance.