Needham analyst Nick Doyle has maintained their neutral stance on SWKS stock, giving a Hold rating today.
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Nick Doyle has given his Hold rating due to a combination of factors influencing Skyworks Solutions. The company has shown strong performance in its Mobile Products segment, with better-than-expected smartphone unit sales and robust customer sell-through. However, despite this positive momentum, the analyst remains cautious due to the anticipated challenges associated with the iPhone 17 down-cycle, which could impact gross margins.
Additionally, while there have been improvements in the fiscal year 2025 projections, the outlook for fiscal year 2026 remains unchanged. Revenue adjustments and operational expense trimming have been noted, but concerns about higher net interest expenses and ongoing challenges in gross margins persist. Therefore, the Hold rating reflects a wait-and-see approach until there is more confidence in the company’s next-generation product cycle.