-- 独立研究机构CFRA向提供了以下研究报告。CFRA分析师总结如下：SWKS公布的3月季度营收同比下降1%至9.437亿美元，高于市场普遍预期的9.02亿美元；尽管同比下降7.3%，但非GAAP每股收益为1.15美元，高于市场预期的1.04美元。综合市场业务实现了两位数的同比增长，移动业务也展现出韧性，但由于研发投入（同比增长13.9%）和销售、管理及行政费用（同比增长36.0%）的增加，非GAAP营业利润率下降330个基点至20.0%。多元化战略的推进得益于一项预计到2030年将带来超过10亿美元收入的多代Android OEM设计项目，以及Wi-Fi 7的扩展和与比亚迪在汽车领域的合作。公司6月份季度业绩指引预计营收为9亿至9.5亿美元，每股收益为1.03美元，高于市场普遍预期的8.6亿美元和0.93美元。我们认为公司向多元化终端市场转型战略进展顺利，但大量技术投资带来的运营杠杆压力正在对短期盈利能力构成压力。自由现金流转为负值，为-3200万美元，但公司拥有14亿美元现金的强劲资产负债表，为战略举措提供了灵活性。
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