According to the Complaint, Skyworks Solutions, Inc. is a developer, manufacturer, and provider of analog and mixed-signal semiconductor products and solutions for numerous applications, including aerospace, automotive, broadband, cellular infrastructure, connected home, defense, entertainment and gaming, industrial, medical, smartphone, tablet, and wearables. This lawsuit was filed against Skyworks and two of its Officers.

During the Class Period, Defendants provided investors with material information concerning Skyworks’ expected revenue for the fiscal year 2025. Defendants’ statements included, among other things, confidence in Skyworks’ ability to expand its mobile business and capitalize on its growth potential by investing in new technologies to diversify its portfolio of offerings.

The Complaint alleges Defendants provided these overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of Skyworks’ client base; notably, that its long-standing relationship with Apple, its largest customer, did not guarantee that Apple would maintain its business relationship with Skyworks for its anticipated iPhone launch. Additionally, the Complaint alleges Defendants oversold Skyworks’ position and ability to capitalize on AI in the smartphone upgrade cycle.

On May 15, 2025, the Court issued an Order consolidating cases. All future docketing was ordered to be done in the Lead Case 25-CV-00411. On May 16, the Court issued an Order appointing Lead Plaintiff and Counsel.