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Upcoming Semiconductor Earnings to Watch: SWKS, ON, MCHP

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Several of Wall Street’s favorite market-moving technology companies—including Apple (AAPL - Free Report) , Facebook (FB - Free Report) , and Amazon (AMZN - Free Report) —released their latest earnings reports this week, garnering mixed reactions in the process. But Q4 earnings season is far from over, and tech investors should make sure to pay close attention to several upcoming reports next week.

Most notably, the upcoming week will mark what should be the final major wave of reports from the semiconductor industry. Red-hot graphics chip giant Nvidia (NVDA) will release its latest results, and several budding growth stocks within the industry are also slated to report.

Luckily, investors can always use the Zacks Earnings Calendar to plan out their schedules for earnings, dividend announcements, and other important financial releases. This handy tool is your perfect one-stop-shop to properly prepare for the market events that will have an impact on your own portfolio.

Today, we’ve made that task even easier for you. Using the Earnings Calendar, we looked ahead to next week and selected several major semiconductor companies to watch. Make sure to keep an eye on these semi stocks as they prepare to report during the week of February 5.

1.       Skyworks Solutions, Inc. (SWKS - Free Report)

Skyworks manufactures semiconductors for use in radio frequency and mobile communications systems. Shares of SWKS have slumped more than 8% over the past 12 weeks, and the stock is currently sporting a Zacks Rank #4 (Sell). Nevertheless, consensus estimates are calling for earnings of $1.91 per share, which would represent respectable growth of 19%. Revenues are projected to be $1.05 billion, up about 15%. Skyworks is scheduled to report after the bell on Feb. 5.


2.       ON Semiconductor (ON - Free Report)

ON is primarily a power management and commodity chip maker, but the company has also recently expanded its IoT division. Shares of ON have gained about 13% over the past 12 weeks, and the stock is currently sporting a Zacks Rank #3 (Hold). Our consensus estimates are calling for earnings of $0.37 per share and revenues of $1.35 billion, which would represent growth of 16% and 7%, respectively. However, ON has missed consensus earnings estimates in three-consecutive quarters. ON is scheduled to release its latest results on Feb. 5.


3.       Microchip Technology Inc. (MCHP - Free Report)

Microchips develops specialized semiconductor products used by the customers for a wide variety of embedded control applications. Shares of MCHP have moved about 4% higher over the past 12 weeks, and the stock is carrying a Zacks Rank #3 (Hold) into its report date. The Zacks Consensus Estimates are currently calling for earnings of $1.35 per share and revenues of $992 million. These results would represent respective growth of 29% and 19%. Microchip is scheduled to release its report on Feb. 6.


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