Skyworks Solutions, Inc.

Case Overview
36 Days Left to Seek Lead Plaintiff
Lead Plaintiff Deadline: | Lead Plaintiff Deadline: 05/05/2025 |
Status: | Status: Investigating |
Company Name: | Company Name: Skyworks Solutions, Inc. |
Court: | Court: Central District of California |
Case Number: | Case Number: 8:25cv00411 |
Class Period: | Class Period: 07/30/2024 - 02/05/2025 |
Ticker: | Ticker: SWKS |
Related Attorneys: | Lead Attorneys: Thomas W. Elrod |
Related Practices: | Related Practices: Securities |
The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Central District of California on behalf of those who acquired Skyworks Solutions, Inc. (“Skyworks” or the “Company”) (NASDAQ:SWKS) securities during the period from July 30, 2024, through February 5, 2025 (“the Class Period”). Investors have until May 5, 2025, to apply to the Court to be appointed as lead plaintiff in the lawsuit.
On February 5, 2025, after market close, Skyworks announced its financial results for the first quarter of fiscal year 2025 and provided lower than anticipated revenue guidance for the second quarter of fiscal year 2025. The Company attributed its results and low guidance to a competitive landscape that had intensified in recent years. Following this news, the price of Skyworks shares declined by $21.39, or approximately 24%, from $87.08 per share on February 5, 2025, to close at $65.60 on February 6, 2025.
The complaint alleges that defendants, throughout the Class Period, failed to disclose material information concerning Skyworks’ expected revenue for the fiscal year 2025.
On February 5, 2025, after market close, Skyworks announced its financial results for the first quarter of fiscal year 2025 and provided lower than anticipated revenue guidance for the second quarter of fiscal year 2025. The Company attributed its results and low guidance to a competitive landscape that had intensified in recent years. Following this news, the price of Skyworks shares declined by $21.39, or approximately 24%, from $87.08 per share on February 5, 2025, to close at $65.60 on February 6, 2025.
The complaint alleges that defendants, throughout the Class Period, failed to disclose material information concerning Skyworks’ expected revenue for the fiscal year 2025.