Skyworks forecasts upbeat quarterly results on robust mobile chip demand

Skyworks Solutions forecast first-quarter revenue and profit above Wall Street estimates on Tuesday, signaling robust demand for its radio-frequency chips used in Apple’s latest 5G iPhones.

The rapid adoption of 5G smartphones and launch of AI-enabled phones has benefited Skyworks, which is a key provider of radio-frequency chips for 5G. It is also a major beneficiary of Apple’s annual iPhone launch.

Last month, Apple forecast holiday-quarter iPhone sales and overall revenue that surpassed Wall Street expectations, powered by orders for iPhone 17 models that the company is racing to fulfill amid continuing supply constraints.