Communications chips maker Qorvo (NASDAQ: QRVO) reported Q2 CY2026 results beating Wall Street’s revenue expectations, but sales fell by 4.2% year on year to $784.8 million. Its non-GAAP profit of $1.64 per share was 54.1% above analysts’ consensus estimates.
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KeyBanc recently downgraded Skyworks Solutions based on shifting market conditions.
Skyworks Solutions stock has fallen about 59.6% over the past five years. However, current valuation checks, including an intrinsic value estimate from a Discounted Cash Flow (DCF) approach and market multiples, now suggest the shares are trading around what many models would view as a reasonable price rather than a clear bargain. Over the last five years, Skyworks Solutions has delivered a decline of around 59.6%, which raises the question of whether the current share price now better...
A number of stocks fell in the afternoon session after the AVGO earnings overhang and the stronger-than-expected jobs report combined to drive one of the broadest global chip selloff of the year.
A number of stocks fell in the afternoon session after semiconductor stocks pulled back following a rally the previous week as geopolitical tensions between the US and China increased over artificial intelligence technology.
(Bloomberg) -- By most objective measures, Qualcomm Inc. appears to be in the midst of a stock market heater. Most Read from BloombergInside Alex Cooper’s Unwell: Tears, Screaming and Employees Looking for the ExitKuwait Declares Further Force Majeure on Oil ShipmentsTrump Aims to Seal Iran Deal, Says Truce Extension UnlikelyThree Ships Including an Iranian Vessel Cross Hormuz StraitCruise Ships Seized Brief Hormuz Reopening to Flee Persian GulfThe chipmaker’s shares are on track for a tenth-con