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SWKS Q3 earnings analysis

Last updated on  Aug 24, 2024

Summary:

  • Skyworks, Inc. reported Q3 earnings on July 30th;
  • Total revenue is down 13% after content loss, but mobile market is recovering;
  • Beware of overexposure to Apple and "M&A optionality".
  • Stock is again at long-term resistance level at $108. Rating: Hold.

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