Skyworks Solutions, Inc.
SWKS
pitch
long
Jocelyn Doman ’17, Maria Muller ’17, William Hinman ’17, Mark Shohet ’17, Kenneth Chan ’18, Anton Korytsko ’18, Alexander Teixiera ’18
Thesis
Skyworks Solutions is well-positioned to benefit from the increasing demand for wireless communication technologies, particularly in the smartphone and IoT markets. The company's strong product portfolio and strategic partnerships will drive revenue growth in the coming years.
Did it work?
failed
confidence: high
The pitch was a long thesis expecting revenue growth from smartphone and IoT demand to drive the stock higher 'in the coming years.' Over 124 months (~10+ years), far exceeding any reasonable interpretation of that horizon, Skyworks shares declined 12.4%, a negative absolute return that directly contradicts the long thesis. Whatever interim strength occurred, the decade-long outcome decisively failed to deliver the anticipated growth-driven appreciation.