Skyworks Solutions (NASDAQ:SWKS) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Skyworks Solutions (NASDAQ:SWKS) issued its quarterly earnings results on Tuesday. The semiconductor manufacturer reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.01, FiscalAI reports. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Skyworks Solutions had a return on equity of 10.74% and a net margin of 7.23%.

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 Trading Up 0.3%

Shares of Skyworks Solutions stock traded up $0.23 on Tuesday, reaching $85.40. 4,912,200 shares of the company’s stock were exchanged, compared to its average volume of 5,113,173. The company has a market capitalization of $12.85 billion, a P/E ratio of 44.25, a price-to-earnings-growth ratio of 2.38 and a beta of 1.48. 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 firm’s 50-day moving average is $80.84 and its two-hundred day moving average is $67.68.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. UBS Group upped their price objective on shares of Skyworks Solutions from $70.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, October 29th. Bank of America reissued an “underperform” rating and set a $65.00 target price on shares of Skyworks Solutions in a research note on Wednesday, July 29th. Susquehanna boosted their target price on shares of Skyworks Solutions from $65.00 to $90.00 and gave the company a “neutral” rating in a report on Wednesday, October 21st. Citigroup upped their price target on shares of Skyworks Solutions from $64.00 to $90.00 and gave the company a “neutral” rating in a research report on Tuesday, October 6th. Finally, B. Riley Financial upgraded Skyworks Solutions from a “neutral” rating to a “buy” rating and increased their price target for the stock from $68.00 to $107.00 in a report on Tuesday, October 6th. Four research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $79.00.

Key Skyworks Solutions News

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

• Positive Sentiment: Skyworks reported fiscal fourth-quarter standalone revenue of $1.046 billion and non-GAAP diluted EPS of $1.28, slightly ahead of analyst expectations of about $1.04 billion and $1.27, respectively. MarketBeat earnings report
• Positive Sentiment: The company says its combination with Qorvo creates a broader RF front-end platform and expands its reach into physical AI, defense, infrastructure and automotive. Skyworks is targeting at least $500 million in annual cost synergies, offering a potential longer-term earnings benefit. Skyworks fiscal 2026 results and Qorvo combination
• Neutral Sentiment: Morgan Stanley raised its price target to $95 from $72 but kept an Equal Weight rating, signaling improved valuation expectations without a more bullish recommendation. Morgan Stanley price-target update
• Negative Sentiment: The key near-term concern is the sluggish smartphone market, which is weighing on Skyworks’ forecast. That outlook risk may overshadow the small earnings and revenue beats and pressure investor expectations for demand. Reuters report on smartphone-market pressure

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.