Skyworks Solutions (NASDAQ:SWKS) Announces Earnings Results, Beats Estimates By $0.05 EPS

Skyworks Solutions (NASDAQ:SWKS) issued its quarterly earnings data on Tuesday. The semiconductor manufacturer reported $1.08 EPS for the quarter, topping the consensus estimate of $1.03 by $0.05, FiscalAI reports. The business had revenue of $934.80 million during the quarter, compared to analyst estimates of $925.97 million. Skyworks Solutions had a net margin of 8.93% and a return on equity of 11.52%. Skyworks Solutions’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period last year, the business posted $1.33 earnings per share. Skyworks Solutions updated its Q4 2026 guidance to 1.270-1.270 EPS.

Here are the key takeaways from Skyworks Solutions’ conference call:

• Qorvo transaction progress improved: Skyworks said China’s SAMR review has reached its final phase and that it is optimistic the deal can close within calendar 2026, potentially as early as the current fiscal year. The company expects to raise approximately $2 billion in debt and remains confident in achieving at least $500 million in synergies.
• Skyworks reported third-quarter revenue of $935 million and non-GAAP EPS of $1.08, both above the midpoint of guidance. Fourth-quarter guidance calls for revenue of $1.01 billion-$1.06 billion and EPS of $1.27 at the midpoint, supported by a high-teens sequential mobile ramp.
• Broad-market revenue grew 8% year over year to approximately $403 million, while Wi-Fi, data center, and automotive collectively grew 15%. AI data-center demand is tracking above the previously cited 50% annual growth rate, although supply constraints are limiting shipments.
• Rising input costs are pressuring gross margins, with fourth-quarter margin expected at 44%-45%; Skyworks is pursuing cost reductions and selective price increases to offset the impact. The company also ended its quarterly dividend and replaced it with a $2 billion share-repurchase authorization, prioritizing buybacks, debt reduction, and strategic M&A.

Skyworks Solutions Stock Up 2.0%

SWKS opened at $64.68 on Wednesday. The company has a current ratio of 2.38, a quick ratio of 1.70 and a debt-to-equity ratio of 0.09. Skyworks Solutions has a 1-year low of $51.93 and a 1-year high of $90.90. The company has a market capitalization of $9.73 billion, a PE ratio of 26.84 and a beta of 1.50. The firm’s 50 day simple moving average is $69.21 and its two-hundred day simple moving average is $62.83.

Skyworks Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, May 26th were issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Tuesday, May 26th. Skyworks Solutions’s dividend payout ratio is currently 117.84%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. TD Cowen lifted their price target on Skyworks Solutions from $65.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, May 6th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Skyworks Solutions in a research note on Wednesday, May 6th. Stifel Nicolaus lifted their target price on shares of Skyworks Solutions from $65.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, May 6th. Royal Bank Of Canada upped their price target on Skyworks Solutions from $72.00 to $80.00 and gave the company a “sector perform” rating in a report on Tuesday, June 23rd. Finally, B. Riley Financial increased their price objective on shares of Skyworks Solutions from $60.00 to $68.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, sixteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $76.78.

Institutional Investors Weigh In On Skyworks Solutions

Hedge funds have recently modified their holdings of the business. Rehmann Capital Advisory Group lifted its position in Skyworks Solutions by 17.9% during the third quarter. Rehmann Capital Advisory Group now owns 3,415 shares of the semiconductor manufacturer’s stock valued at $263,000 after purchasing an additional 519 shares in the last quarter. Vise Technologies Inc. increased its position in Skyworks Solutions by 10.0% in the fourth quarter. Vise Technologies Inc. now owns 3,853 shares of the semiconductor manufacturer’s stock worth $244,000 after buying an additional 349 shares in the last quarter. Lido Advisors LLC increased its position in Skyworks Solutions by 8.7% in the fourth quarter. Lido Advisors LLC now owns 3,818 shares of the semiconductor manufacturer’s stock worth $242,000 after buying an additional 306 shares in the last quarter. Compound Planning Inc. purchased a new stake in Skyworks Solutions in the fourth quarter worth about $226,000. Finally, Mangrove Partners IM LLC bought a new position in shares of Skyworks Solutions in the fourth quarter worth about $224,000. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions News Summary

Here are the key news stories impacting Skyworks Solutions this week:

• Positive Sentiment: Skyworks reported fiscal Q3 revenue of $934.8 million and non-GAAP diluted EPS of $1.08, exceeding analyst expectations of approximately $926 million and $1.03, respectively. Automotive and data-center markets were identified as important growth drivers. Skyworks Delivers Solid Third Quarter Fiscal Year 2026 Results
• Positive Sentiment: Fourth-quarter guidance was stronger than expected: revenue is projected at approximately $1.0 billion to $1.1 billion, with EPS guidance of $1.27 versus consensus of $1.23. Skyworks Solutions Exceeds Q2 Expectations
• Positive Sentiment: The board authorized a new $2 billion stock-repurchase program, potentially supporting per-share results and signaling confidence in the company’s capital position. Skyworks also expects to raise roughly $2 billion in acquisition debt financing. Skyworks Q3 Results and Qorvo Combination
• Neutral Sentiment: Skyworks and Qorvo announced the expected leadership team for their combined company, while regulatory approvals for the transaction continue to progress. The appointments provide additional execution clarity but do not eliminate closing and integration risks. Skyworks and Qorvo Announce Expected Leadership Team
• Negative Sentiment: Revenue fell 3.1% year over year to $934.8 million, while non-GAAP EPS declined from $1.33 in the prior-year quarter. The weaker annual trend likely limited the market’s reaction despite the quarterly beat. Skyworks Q3 Earnings and Revenues Beat Estimates

About Skyworks Solutions

Skyworks Solutions, Inc is a leading semiconductor company that designs and manufactures analog and mixed-signal semiconductors for use in radio frequency (RF) and mobile communications markets. The company’s portfolio includes power amplifiers, front-end modules, switches, filters, low-noise amplifiers, and other components that enable wireless connectivity in smartphones, tablets, wearables, automotive telematics, and broadband infrastructure. With a focus on energy efficiency and integration, Skyworks serves a broad range of customers in the mobile, Internet of Things (IoT), automotive, connected home, and industrial end markets.

Headquartered in Irvine, California, Skyworks operates a network of design, development, and manufacturing facilities across North America, Europe, and the Asia-Pacific region.