Shares of Skyworks Solutions (SWKS) are surging 5.72% in pre-market trading on Wednesday, following the company's impressive third-quarter fiscal 2025 results and optimistic fourth-quarter guidance. The semiconductor company significantly outperformed analysts' expectations, demonstrating robust growth across its key business segments.
Skyworks reported a Q3 adjusted earnings per share (EPS) of $1.33, beating the analyst consensus estimate of $1.22. Revenue for the quarter came in at $965 million, surpassing the projected $940.85 million and marking a 6.6% year-over-year increase. The company's strong performance was driven by steady demand for its analog chips, particularly in mobile, IoT, automotive, and data center markets.
Looking ahead, Skyworks provided an encouraging outlook for its fourth quarter, projecting revenue between $1.00 billion and $1.03 billion, with an adjusted EPS of $1.40 at the midpoint. This guidance significantly exceeded Wall Street expectations, with analysts previously anticipating revenue of $882 million and EPS of 98 cents. The company's interim CFO, Rob Schriesheim, expressed confidence in the momentum of Skyworks' mobile business and the steady growth of its broad markets segment, citing long-term growth trends in edge IoT, automotive, and data center applications.