Skyworks Solutions, Inc. (NASDAQ: SWKS)

This lawsuit is for anyone who acquired securities in Skyworks Solutions, Inc. (NASDAQ: SWKS) from July 30, 2024 through February 5, 2025

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by failing to timely disclose to investors that the Company was no longer Apple’s exclusive socket supplier.

On February 5, 2025, Skyworks released its first quarter 2025 financial results, reporting a greater than anticipated decline in quarterly revenue. Skyworks also disclosed that its “content position is expected to be down 20% to 25%” with its “largest customer” which “will start impacting [the Company’s] revenue in the fourth quarter of fiscal ‘25, and throughout fiscal ‘26.” The Company explained it “didn’t get a single source” deal “on one important part.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Skyworks Solutions, Inc. (NASDAQ: SWKS) from July 30, 2024 through February 5, 2025 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.