Skyworks Solutions (NASDAQ:SWKS – Get Free Report) posted its quarterly earnings results on Tuesday. The semiconductor manufacturer reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.01, FiscalAI reports. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Skyworks Solutions had a return on equity of 9.68% and a net margin of 4.35%.
Here are the key takeaways from Skyworks Solutions’ conference call:
- Skyworks completed its combination with Qorvo, creating a broader RF and connectivity portfolio, expanded manufacturing footprint, and exposure to defense, data center, automotive, and physical AI markets.
- Skyworks’ standalone September-quarter revenue was $1.046 billion, above guidance, with non-GAAP EPS of $1.28; broad markets grew 9% year over year in the quarter and approximately 10% for fiscal 2026, led by data center, Wi-Fi, and automotive.
- Management expects Diversified Growth Markets to grow faster than smartphones, citing supply-constrained demand in defense, data center, and other secular markets. The company targets mid- to high-single-digit long-term revenue growth and, within 24–36 months, 50%–55% gross margins and 30%–35% operating margins.
- Combined December-quarter revenue is expected at $1.8 billion–$1.9 billion, down sequentially, with smartphone revenue declining in the low teens due to seasonality, Android weakness, and the extra week in Qorvo’s prior quarter; input-cost inflation will also pressure margins.
- Management remains committed to at least $500 million in annual cost synergies, with approximately $150 million expected during fiscal 2027 and a $250 million–$300 million annualized exit run rate, although most manufacturing-related savings will build in the second half of fiscal 2027 and beyond.
Skyworks Solutions Stock Down 2.9%
Shares of NASDAQ SWKS opened at $82.92 on Thursday. Skyworks Solutions has a 52-week low of $51.93 and a 52-week high of $92.80. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.94 and a current ratio of 3.10. The stock has a market cap of $12.48 billion, a P/E ratio of 72.74, a P/E/G ratio of 2.33 and a beta of 1.51. The firm has a 50 day moving average price of $81.55 and a 200 day moving average price of $67.93.
Analyst Upgrades and Downgrades
Several analysts have weighed in on the company. Citigroup dropped their price objective on Skyworks Solutions from $90.00 to $79.00 and set a “neutral” rating for the company in a report on Wednesday. JPMorgan Chase & Co. lowered their price target on shares of Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday, July 29th. Bank of America lowered their price target on shares of Skyworks Solutions from $78.00 to $72.00 and set an “underperform” rating for the company in a research report on Wednesday. Stifel Nicolaus dropped their price target on shares of Skyworks Solutions from $75.00 to $70.00 and set a “hold” rating for the company in a research note on Wednesday, July 29th. Finally, Royal Bank Of Canada cut their price objective on shares of Skyworks Solutions from $95.00 to $80.00 and set a “sector perform” rating on the stock in a report on Wednesday. Four analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $77.28.
Get Our Latest Research Report on Skyworks Solutions
Skyworks Solutions News Summary
Here are the key news stories impacting Skyworks Solutions this week:
- Positive Sentiment: Skyworks reported fiscal Q4 adjusted EPS of $1.28 and revenue of about $1.05 billion, slightly ahead of analyst estimates. The Qorvo combination also broadens its product reach, with management targeting at least $500 million in annual cost synergies and a 50%–55% gross margin over 24–36 months. Skyworks Q4 Earnings Beat Estimates, Revenues Decline Y/Y
- Positive Sentiment: Skyworks is highlighting growth opportunities in AI data centers and other diversified markets, alongside premium smartphone demand. An analyst view also argues that stronger Apple-related business and a shrinking Android exposure could limit further downside. Skyworks Q4 2026 Earnings Call Transcript
- Neutral Sentiment: The reported results were better than estimates, but revenue and earnings were lower year over year, tempering the significance of the beat. Skyworks Q4 Earnings Beat Estimates, Revenues Decline Y/Y
- Negative Sentiment: The main concern is the outlook: Skyworks’ first post-Qorvo quarterly sales guidance fell short of expectations, with analysts citing weak Android demand and a delayed payoff from the merger. Integration complexity and added financing costs may also weigh on results. Skyworks Sinks as Android Woes Delay the Qorvo Merger’s Payoff
- Negative Sentiment: Several analysts lowered price targets after the results; Citigroup and RBC moved to neutral ratings, while Goldman Sachs initiated coverage with a sell rating. These downgrades reinforce near-term concerns about execution and demand. These Analysts Lower Their Forecasts On Skyworks Solutions Following Q4 Results
About Skyworks Solutions
Skyworks Solutions, Inc (NASDAQ: SWKS) is a semiconductor company that designs and manufactures high-performance analog and mixed-signal products for wireless connectivity applications. Its portfolio includes radio-frequency front-end modules, amplifiers, filters, switches, antenna tuners, and other integrated solutions used to transmit, receive, and manage wireless signals.
The company serves a range of markets, including smartphones and other mobile devices, automotive systems, industrial equipment, home automation, medical devices, aerospace, and defense.
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