Skyworks Solutions Inc

SWKS: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$742.00	Lsggjvs	Krwydbdvb

Skyworks Earnings: Shares Still Undervalued as Earnings and Guidance Meet Our Expectations

Brian Colello

Jan 31, 2024

Narrow-moat Skyworks Solutions reported fiscal first-quarter results and provided investors with an outlook for the March quarter in line with our expectations, as the firm is seeing a recovery in demand from consumer Internet of Things, or IoT, and Android-based smartphone customers, all while revenue at key customer Apple appears to be steady. We retain our $133 fair value estimate and shares still appear undervalued to us.

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