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Skyworks Solutions Inc. (NASDAQ:SWKS) shares are trending on Wednesday.
Skyworks secured a multi-generation design win with a top Android OEM worth over $1 billion to 2030.
KEY POINTS
- Broad Markets, now 43% of sales, grew high-single digits year over year, led by Wi-Fi 7 demand.
- Despite beating revenue and EPS estimates, SWKS shares dropped 3.53% after hours on guidance concerns.
- Skyworks projects Q3 revenue of $900-$950 million, with non-GAAP EPS midpoint at $1.03.
- The board declared a $0.71 per share cash dividend, payable June 16 to holders of record May 26.
COMPANIES
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