Financial PerformanceSkyworks Solutions posted a Q3 revenue of $965M, which is above consensus, and achieved improved earnings leverage with significant EPS growth.
Market ExpansionSkyworks Solutions benefits from stronger seasonal unit volumes and a favorable iPhone mix shift, which drives upside for its Q2 and Q4 outlook.
Product DemandExpanding Wi-Fi 7 adoption remains a tailwind for Edge IoT, while Automotive benefited from design wins from OEMs such as BYD, Ford, Geely, and Nissan.