On Thursday, Skyworks Solutions (NasdaqGS: SWKS), one of this year’s best chip stocks, reports. The company is 2.2% of SOXX’s weight. Earlier Tuesday, Oppenheimer said Skyworks is likely to provide fourth-quarter guidance that exceeds estimates and that the company is gaining traction as a supplier to Apple (NasdaqGS: AAPL). The shares have surged 73.2%, helping SOXX and some other chip ETFs along the way. [Surprising Leader Among Tech ETFs]

As for possible signs from the world of leveraged ETFs as to what to expect from semiconductor earnings, the Direxion Daily Semiconductors Bull 3x Shares (NYSEArca: SOXL) has seen positive creation activity over the past month, but only modestly more than what has been seen in the Direxion Daily Semiconductors Bear 3x Shares (NYSEArca: SOXS), according to Direxion data. Those ETFs attempt to deliver three times the daily performance or inverse performance of the HLX Semiconductor Sector Index, which is the underlying index for SOXX.

iShares PHLX Semiconductor ETF