Earnings PerformanceSkyworks Solutions posted a Q3 revenue of $965M, which is above consensus, and achieved improved earnings leverage with significant EPS growth.
Market DiversificationAutomotive design wins at BYD, Ford, Geely, and Nissan for applications such as 5G telematics and infotainment systems can help to diversify revenues longer term.
Product MixSkyworks Solutions benefits from stronger seasonal unit volumes and a favorable iPhone mix shift, which drives upside for its Q2 and Q4 outlook.