Skyworks Solutions reported second-quarter revenue of $934.8 million, beating analyst estimates of $926.1 million, yet shares fell 8.2% to $59.46 after the company issued mixed guidance. Adjusted earnings per share of $1.08 also topped the $1.03 consensus, and adjusted operating income of $182 million exceeded the $174.8 million forecast. However, the company guided for third-quarter revenue of $1.04 billion at the midpoint, roughly in line with expectations, while adjusted EPS guidance of $1.27 came in below the $1.30 analyst estimate. Inventory days outstanding rose to 165 from 144 in the prior quarter, and free cash flow swung to negative $16.7 million from positive $252.7 million a year earlier.
Skyworks Solutions IncQ3 EPS guidance below consensus and worsening cash flow/inventory despite Q2 beat