There has been a lot of discussion going on about the next-generation wireless network 5G. Leading U.S. telecom companies have been competing with each other to roll out 5G services across the country.
5G technology has much broader applications that will bring a revolution not just in homes but in industries such as education, healthcare, and automobile.
People are also willing to switch to the next-generation network to enjoy ultra-fast download speeds. Many companies are set to capitalize on the tremendous opportunities in the 5G space. For instance, Apple Inc. (AAPL) has rolled its latest iPhone-12 models that support 5G network to become one of the very few smartphone makers with 5G enabled devices in the market.


Mobile carriers are also heavily spending to promote 5G smartphones to bring more people to the network.
A wide range of companies are poised to benefit from the growing adoption of the 5G network in the coming quarter. For instance, semiconductor manufacturers such as Qualcomm (QCOM), Advanced Micro Devices Inc. (AMD), and Skyworks Solutions Inc. (SWKS), equipment testing manufacturers like Nokia Corp. (NOK) and Ericsson (ERIC), as well as wireless carriers will be among the top beneficiaries of the 5G evolution.
Skyworks
The Irvine, California-based company generates more than 50 percent of its revenue by selling mobile chips to the iPhone maker, which is why its growth is directly linked to the success of iPhones.
Skyworks
Fourth-quarter Highlights
Skyworks
On an adjusted basis, earnings increased to $956.8 million, versus $827.4 million in the same period of 2019. On the other hand, analysts surveyed by FactSet were expecting Skyworks to report earnings of $1.52 per share
Revenue for the quarter came in at $956.8 million, versus $827.4 million in the comparable period of 2019, and above analysts’ average estimate of $842.4 million.
Speaking on the results, the company’s CEO Liam K. Griffin said in a statement “Skyworks significantly exceeded September quarter expectations in revenue and earnings per share, capping off a fiscal year that both tested and demonstrated the resilience of our business model.
First-quarter Outlook
Skyworks
Revenue for the current quarter is expected to come in the range of $1.04 billion to $1.07 billion, better than the consensus forecast of $934.4 million.
The company earlier said in a statement that it is anticipating double-digit earnings and revenue on a sequential basis in the first quarter amid increased demand fueled by multiple 5G-enabled mobile platforms.
Skyworks
Growth prospects
Skyworks
The percentage is expected to rise further in the future with the expansion of the 5G network around the world. As a result, more customers will buy new phones that will ultimately drive growth for smartphone companies and their suppliers such as Skyworks.
The company’s future seems bright as it is expected to get a significant boost from the expansion of 5G technology in the coming quarters.
Research and Development
Semiconductor manufacturers such as Skyworks are continuously working on new technologies to better compete in the market against rivals. Moreover, the market is vulnerable to changing consumer preferences and new technology upgrades.
Skyworks
It’s a fact that hardware technology loses value with time, and eventually gets replaced with more powerful and more efficient computing equipment. Skyworks was a big beneficiary of the evolution that took place in the mobile phone market 10 years ago.
The same thing is happening in the smartphone market right now, a transition from existing 4G network to the next generation 5G network. Skyworks
Skyworks
Skyworks stock performance
Skyworks