Tear Sheet: Skyworks Solutions Inc. - S&P Global Ratings’ Credit Research

Tear Sheet: Skyworks Solutions Inc.

Tear Sheet: Skyworks Solutions Inc. - S&P Global Ratings’ Credit Research
Tear Sheet: Skyworks Solutions Inc.
Published Apr 03, 2024
6 pages (2527 words) — Published Apr 03, 2024
Price US$ 500.00  |  Buy this Report Now

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Abstract:

Last quarter, its revenue was down nearly 10% year over year due to macroeconomic uncertainty and a continued inventory correction in the broad markets segment, particularly among industrial and automotive customers. Its mobile segment was about flat, an improvement from an estimated mid-teens percent decline in fiscal 2023 (ended in September 2023) stemming from a second year of weak demand from Android customers, which we believe is stabilizing because smartphone unit sales in China show signs of recovery from very low levels. For fiscal 2024, we forecast revenue will be down 7.6%. While we believe broad markets will grow sequentially through the year, December revenue was very low, so we still expect it to decrease in the double-digit percent area

  
Brief Excerpt:

...Foreign currency issuer credit rating ###-/Stable/-- Local currency issuer credit rating ###-/Stable/-- Business risk Fair Country risk Low Industry risk Moderately High Competitive position Fair Financial risk Minimal Cash flow/leverage Minimal Anchor ### Diversification/portfolio effect Neutral (no impact) Capital structure Neutral (no impact) Financial policy Negative (-1 notch) Liquidity Strong (no impact) Management and governance Neutral (no impact) Comparable rating analysis Neutral (no impact) Stand-alone credit profile ###-...

  
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MLA:
S&P Global Ratings’ Credit Research. "Tear Sheet: Skyworks Solutions Inc." Apr 03, 2024. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Tear-Sheet-Skyworks-Solutions-Inc-3148108>
  
APA:
S&P Global Ratings’ Credit Research. (). Tear Sheet: Skyworks Solutions Inc. Apr 03, 2024. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Tear-Sheet-Skyworks-Solutions-Inc-3148108>
  
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