Skyworks Solutions stock plunges on smartphone market concerns

11 articles · Updated · Barron's · May 6

Shares fell 11% to $64.46 on Wednesday, their biggest one-day drop since April 2025, despite fiscal second-quarter earnings and current-quarter guidance beating analysts’ forecasts.
Analysts said worries centred on demand durability, memory price pressures on customers including Apple and Samsung, and Skyworks’ dependence on handsets, which generate 58% of revenue.
Mobile revenue fell 15% quarter on quarter and 7% year on year, while total revenue slipped 1%; efforts to expand into data centres, autos and WiFi remain unproven.

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