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SWKS.US
id: 1512
Skyworks Solutions (SWKS) Revenue and Customer Dependence Misrepresentation Case
C.D. California
Court8:25-cv-00411
Case number07/30/2024
Class period Start02/05/2025
Class period End05/06/2025
Lead Plaintiff motion deadline- $SWKS investors filed a lawsuit against Skyworks Solutions, alleging the company misled shareholders about its revenue outlook and reliance on its largest customer, Apple.
- On February 5, 2025, Skyworks reported lower-than-expected revenue guidance, revealing a sharp decline in Apple-related business. Following this news, $SWKS dropped 24.7%.
Case Details:
Between July 30, 2024, and February 5, 2025, Skyworks assured investors that its mobile business was growing and that the company was well-positioned to benefit from the AI-driven smartphone upgrade cycle. Executives emphasized strong partnerships, technology investments, and diversification efforts, giving investors confidence in future revenue stability.
However, Skyworks failed to disclose its increasing dependence on Apple, which accounted for 69% of its revenue in 2024. The company also downplayed competitive risks, despite knowing that Apple was reducing its reliance on Skyworks for upcoming iPhone models.
On February 5, 2025, Skyworks released disappointing Q1 results and cut its Q2 2025 revenue guidance, citing an intensified competitive landscape and a 20–25% reduction in its iPhone component supply for Apple’s upcoming iPhone 17. This contradicted the company’s previous claims of steady revenue growth.
Following this news, $SWKS stock dropped 24.7%
Based on these events, $SWKS investors filed a lawsuit against Skyworks Solutions, claiming the company:
- It misled investors about its revenue outlook and dependence on Apple.
- It downplayed competitive risks and the impact of losing key business from its largest customer.
Investors believe Skyworks misrepresented its financial stability and customer reliance.
Case Status
Lead Plaintiff Submission
Alleged Offence
Misleading Statements,
Financial Misrepresentation,
Failure to Disclose,
Omissions
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
02/05/2025
Filing date
03/04/2025
Lead Plaintiff Deadline
05/06/2025