Apple just got hit with a report that it slashed iPhone 18 Pro component orders, and the fallout is splitting the chip sector in a way that raises questions about whether premium smartphone demand is cracking at exactly the wrong…
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Apple (NASDAQ:AAPL | AAPL Price Prediction) stock is at $331.22, down 3%, after a report that the company has cut component orders for its iPhone 18 Pro lineup. The pressure is landing on Apple and its iPhone suppliers, while the wider chip sector is climbing.
Meanwhile, Skyworks Solutions (NASDAQ:SWKS) stock is at $78.95, down 2%, a slightly smaller decline than the drop in Apple stock. Qualcomm (NASDAQ:QCOM) stock is at $176.64, up 0.4%, inching higher as Apple stock slips.
Semiconductor stocks broadly are moving the other way, with the iShares Semiconductor ETF (NASDAQ:SOXX) up 2%. Large-cap tech is stronger too, with the Invesco QQQ Trust (NASDAQ:QQQ) up 0.7% even though Apple ranks among the fund’s largest holdings. That split marks the reaction as specific to Apple and its handset supply chain.
Report of iPhone 18 Pro Order Cuts Sparks Selloff A report stated that Apple has instructed some suppliers to scale back production of parts for its latest Pro and Pro Max models, with October component orders reduced by 15% to 20% compared with initial projections. The report cited weaker-than-expected demand, along with rising prices for memory chips and other components that have pushed Apple’s manufacturing costs higher.
Memory costs were already a known pressure point for Apple. Tim Cook addressed this on Apple’s July earnings call. He stated, “we see the market pricing for memory continuing to increase, which could drive an increasing impact on our business, and we’re continuing to evaluate this.” Apple’s management also projected that supply constraints would rise significantly in fiscal Q4 2026 across iPhone, Mac and iPad.
Skyworks Sits Closest to iPhone Volumes Skyworks supplies radio-frequency front-end components for Apple’s iPhones, so its revenue tracks handset unit volumes and the dollar content per device, and during a July earnings call, Skyworks management guided for a seasonal mobile ramp tied to new product launches at the company’s largest customer. Even after the decline, Skyworks stock is up 27% year to date.
Skyworks management has also argued that rising radio-frequency complexity could lift dollar content per phone over time. On that call, a company executive stated, “What’s in the rear view mirror is content shrinking over time. What’s in the headlights and in the windshield now is RF content growing.” That view supports the longer-term case for Skyworks, even as its near-term revenue still depends on how many iPhones get built.
Qualcomm sells modems and processors across a wider customer base, which spreads the company’s exposure to any single handset program, and in July, the company’s management noted materially lower share in new iPhone launches, while automotive, Internet of Things and data center sales give Qualcomm growth outside handsets. Year to date, Qualcomm stock is up 5%, well behind Apple shares and Skyworks shares.
Order Cuts Revive the Premium Demand Debate The bear case holds that order cuts this early in a cycle point to premium iPhone demand falling short at higher price points. That concern carries extra weight with Apple stock up 22% year to date, since a strong run leaves less buffer for disappointment. Higher memory prices add a profitability angle, because Apple’s management said in July that those costs primarily drove its sequential gross margin change.
However, the bull case notes that the reported cut applies to October orders, leaving Apple’s total production and sales forecast outside its scope. Apple also launched its premium models first this cycle, with the standard model and an upgraded Air following early next year, which can shift component volume into a later period.
What to Watch Now The question now is whether other Apple suppliers confirm the scale of the October reductions in their own updates. A wider gap between the iShares Semiconductor ETF and Apple stock would reinforce the case that the pressure is confined to the handset chain. In the meantime, it’s not a bad idea to keep any AAPL share position sizes small.
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Skyworks dokončil automobilovou kvalifikaci AEC-Q100 pro izolovaný budič Si829x, který je nyní k dispozici pro odběr vzorků a pokročilé prototypování trakčních měničů elektromobilů.
Si829x platform with ProVCD™ technology moves from development to pre-production release for EV traction inverters | Source: Skyworks Solutions, Inc.
IRVINE, Calif., Oct. 07, 2026 (GLOBE NEWSWIRE) -- Skyworks Solutions, Inc. (Nasdaq: SWKS), an innovator of high-performance analog and mixed-signal semiconductors, today announced that its Si829x isolated safety gate driver with ProVCD™ technology has completed AEC-Q100 automotive qualification and is ready for advanced prototyping. Samples, tools, user guides, and application notes are available now. Designed for scalable, high-performance inverter architectures, the Si829x supports both SiC FETs and IGBTs while helping customers improve efficiency, simplify system design, and reduce system cost in applications ranging from automotive drivetrains to safety-critical electric vertical take-off and landing (eVTOL) systems.
AEC-Q100 Qualified and Ready for Evaluation
With AEC-Q100 qualification completed, the Si829x is now positioned to support customers for initial product evaluation through pre-production prototypes. Samples are available today, giving customers a qualified, prototype-ready path to design-in.
The Si829x was designed to support customer functional safety system designs rated up to ASIL D, subject to system-level implementation and validation, to deliver the robustness required for EV traction inverters and other safety critical motor control applications. Its integrated protection features include:
Extensive diagnostic fault coverage, notification and managementComprehensive safety mechanisms including power-up self-checks and safe state enforcement – a functional safety manual is available todayAdvanced isolation technology certified by multiple independent organizations for enhanced safety and reliability With applications in battery electric vehicles, hybrid electric vehicles, eAgriculture, eTrucking, robotaxis, and exciting new segments like eVTOL aircraft, Si829x is a comprehensive choice among isolated gate drivers for safety-critical advanced propulsion systems.
Full Documentation and Development Tools Now Available
Alongside qualification, Skyworks has prepared the complete technical resource set for the Si829x, including datasheet, technical reference manual, functional safety manual and application notes. This resource set, available under NDA, gives design teams comprehensive technical documentation to evaluate, integrate and validate the part.
Skyworks has also released customer-facing development tools, including two evaluation board kits, companion GUI software and complex device driver (CDD) software, designed to shorten development cycles and reduce time-to-market.
A New Approach to Gate Drive Control
Unlike conventional voltage-mode gate drivers, the Si829x uses ProVCD™, which is Skyworks’ second-generation variable current drive that delivers high resolution gate waveform shaping and cycle-by-cycle control through a digital interface. This approach enables:
Precise 15 Amp 3-phase turn-on and turn-off current waveform controlSwitching-loss reductions of up to 44% in Skyworks testing, compared with voltage-mode gate driveReduced electromagnetic interference (EMI) and filtering requirementsImproved thermal efficiency through multiple packaging optionsSmaller PCB footprint and potential system-level cost savings Together, these benefits allow manufacturers to increase inverter efficiency while simplifying system design and accelerating development cycles.
“Si829x gives customers a qualified path from evaluation to advanced prototypes,” said Mario Battello, vice president of product line management at Skyworks. “The ProVCD™ platform combines software-configurable performance with the safety, isolation and design flexibility needed to standardize inverter designs for EVs, eVTOL, and eAgriculture, and accelerate development for high power motor applications like datacenter cooling and AI power supplies.”
Platform Scalability and Design Flexibility
The Si829x is designed as a configurable platform, allowing engineers to adjust gate drive parameters through software rather than fixed hardware components. This configurability supports:
Design reuse across multiple vehicle platformsFaster development and validation cyclesGreater flexibility to optimize performance, efficiency and costVendor-agnostic compatibility across power semiconductor technologies By supporting both SiC FETs and IGBTs within a single gate driver platform that integrates a VPOS regulator, bipolar gate drive voltages are provided without the need for additional, external bias supplies.
Si829x availability
The Si829x platform is now available for sampling. To learn more, including product features, package options and design resources, visit skyworks.com/go/si829x.
About Skyworks
Skyworks® is a global leader in high-performance RF, precision timing, power management and mixed-signal solutions that power the intelligent, connected world. Through deep engineering expertise, Skyworks helps customers address rising complexity and deliver seamless connectivity across smartphones, vehicles, networks and critical infrastructure.
From defense and aerospace systems to the connected edge, AI infrastructure and next-generation automotive platforms, Skyworks provides the essential technologies that connect, synchronize and power physical AI, as intelligence moves out of the data center and into the real world. Harnessing decades of technical leadership and trusted partnerships across the technology ecosystem, Skyworks helps the world's leading innovators bring next-generation products and services to market.
Skyworks is a member of the S&P 500® market index (Nasdaq: SWKS). For more information, please visit www.skyworks.com.
Safe Harbor Statement
Any forward-looking statements contained in this press release are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include without limitation information relating to future events, results and expectations of Skyworks. Forward-looking statements can often be identified by words such as “anticipates,” “expects,” “forecasts,” “intends,” “believes,” “plans,” “may,” “will” or “continue,” and similar expressions and variations or negatives of these words. Actual events and/or results may differ materially and adversely from such forward-looking statements as a result of certain risks and uncertainties including, but not limited to, our ability to timely and accurately predict market requirements and evolving industry standards and to identify opportunities in new markets; our ability to develop, manufacture, and market innovative products and avoid product obsolescence; our ability to compete in the marketplace and achieve market acceptance of our products; the level of widespread deployment or adoption of commercial 5G networks, AI and other new technologies; the availability and pricing of third-party semiconductor foundry, assembly and test capacity, raw materials and supplier components; the quality of our products; our products’ ability to perform under stringent operating conditions; and other risks and uncertainties identified in the “Risk Factors” section of Skyworks' most recent Annual Report on Form 10-K (and/or Quarterly Report on Form 10-Q) as filed with the Securities and Exchange Commission (“SEC”). Copies of Skyworks' SEC filings can be obtained, free of charge, on Skyworks' website (www.skyworksinc.com) or at the SEC's website (www.sec.gov). Any forward-looking statements contained in this press release are made only as of the date hereof, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
Note to Editors: ProVCD™, SelVCD™, Skyworks and the Skyworks symbol are trademarks or registered trademarks of Skyworks Solutions, Inc., or its subsidiaries in the United States and other countries. Third-party brands and names are for identification purposes only and are the property of their respective owners.
What happened Skyworks Solutions, Inc. (NASDAQ: SWKS) said it completed its combination with Qorvo on October 5, 2026. Qorvo shareholders received $32.50 in cash and 0.960 of a Skyworks common share for each Qorvo share. Skyworks said it will keep trading under SWKS, and Phil Brace remains chief executive officer and president. The company said legacy Skyworks shareholders own approximately 63% of the combined company and legacy Qorvo shareholders own approximately 37%, on a fully diluted basis.
The board was increased to 11 directors, including Robert A. Bruggeworth, Richard L. Clemmer and Christopher R. Koopmans. Robert Terry ceased to serve as senior vice president, general counsel and secretary, and J.K. Givens became Skyworks' senior vice president and general counsel, secretary. Skyworks also said the net proceeds from $800 million, $600 million and $600 million senior notes helped finance the cash consideration, and the notes were issued on Aug. 10, 2026.
Key numbers Metric Latest Change Source Expected annual cost synergies $500 million or more Press release (Exhibit 99.1) Cash per Qorvo share $32.50 SEC 8-K Exchange ratio 0.960 shares SEC 8-K Legacy Skyworks ownership approximately 63% SEC 8-K Legacy Qorvo ownership approximately 37% SEC 8-K Read more: Skyworks Solutions (SWKS) stock analysis and investment case Why it matters The filing says the combination expands Skyworks' technology portfolio and addressable market, and creates a U.S.-based global leader in high-performance RF, power management, and analog and mixed-signal semiconductor solutions. It also adds approximately 8,000 engineers and more than 12,000 issued and pending patents. The broader portfolio reaches RF GaN, low-voltage power and wired broadband across smartphones, vehicles, networks and critical infrastructure.
The filing also says the combination broadens the RF front-end portfolio as 5G-Advanced evolves toward 6G, and more than doubles Skyworks' addressable market.
Skyworks says annualized cost synergies of $500 million or more should be realized within 24 to 36 months after close, and the deal is expected to be immediately accretive to non-GAAP EPS. OptimistFi's comparison puts legacy Skyworks holders at about 26 percentage points more of the combined company than legacy Qorvo holders, at roughly 63% versus 37%. The filing says the benefits may not materialize if integration is delayed or the synergies and operating efficiencies are missed.
Related: Skyworks Extends Qorvo Debt Swap With 92% of Notes Tendered
What's next Skyworks said it will provide financial guidance on its fiscal fourth-quarter earnings call on Nov. 3. A guide that matches the synergy plan would support the case, while a cautious update would test it.
More from OptimistFi SWKS stock: the Skyworks Solutions thesis, its status and the next test to watch United States Brent Oil Fund, LP (NYSE Arca: BNO) Tracks a Supply Gap Alpha Teknova, Inc. (NASDAQ: TKNO) Adds Regulatory Support for PluriFreeze Meta Platforms, Inc. (NASDAQ: META) Has a Conditional $18 Billion Bill Stock research on every company OptimistFi covers Latest stock research and investment-case updates OptimistFi: evidence-first equity research Sources SEC 8-K — Current report filed Oct. 5, 2026, describing completion of the Qorvo transaction and related officer and board changes. Press release Exhibit 99.1 — Press release dated Oct. 5, 2026, announcing the completed combination and synergy outlook. Read the full OptimistFi thesis on Skyworks Solutions, Inc.: https://optimistfi.com/stocks/SWKS
See what would break the Skyworks Solutions, Inc. thesis and track it live on the OptimistFi Thesis-Break Engine.
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The full Skyworks Solutions, Inc. investment case, its status and the next test to watch live on the Skyworks Solutions, Inc. thesis page.
Originally published on OptimistFi, evidence-first equity research. More at optimistfi.com.
Skyworks Solutions uvedla, že je velmi přesvědčena o uzavření navrhované fúze s Qorvo ještě v tomto kalendářním roce. Čekací lhůty podle HSR i FTC již bez dalšího zásahu uplynuly.
Skyworks Solutions, Inc. (SWKS) Goldman Sachs Communacopia + Technology Conference 2026 September 10, 2026 5:25 PM EDT
Company Participants
Philip Brace - CEO, President & Director
Conference Call Participants
James Schneider - Goldman Sachs Group, Inc., Research Division
Presentation
James Schneider
Goldman Sachs Group, Inc., Research Division
Okay. Good afternoon, everybody. Welcome to the Goldman Sachs Communacopia & Technology Conference. My name is Jim Schneider. I'm the semiconductor analyst here at Goldman Sachs. It's my pleasure to welcome Skyworks and CEO, Phil Brace to the stage. Welcome, Phil.
Philip Brace
CEO, President & Director
Thanks, Jim. Thanks for having us. Always a pleasure to be here.
Question-and-Answer Session
James Schneider
Goldman Sachs Group, Inc., Research Division
Great. Phil, you're in the final stages of closing your proposed merger with Qorvo. This is something investors have been very focused on as a landmark event for the industry. I know you expect the transition to close relatively soon here. You completed the financing to permit the disclosure. Where do we stand today in terms of finalizing close any remaining conditions?
Philip Brace
CEO, President & Director
Yes. Thanks for the question. Pretty consistent with what we said in the last earnings call. Certainly, we are very confident that we're going to close this calendar year. We're preparing to close this fiscal year. And then subsequent to the earnings call, we talked about the fact we kind of issued an 8-K said that we -- the HSR waiting periods and the waiting periods for the U.S. FTC had expired without further action.
We then also went out and raised the debt and actually what turned out to be pretty good interest rates since we raised it since then. I wish to say that was with foresight, but sometimes it's better to be lucky than good. And
Skyworks ve 3. fiskálním čtvrtletí oznámil zisk na akcii 1,08 USD a tržby 934,8 mil. USD, obojí nad odhady. Firma zároveň čeká ve 4. čtvrtletí tržby 1,01–1,06 mld. USD.
A month has gone by since the last earnings report for Skyworks Solutions (SWKS - Free Report) . Shares have added about 8.9% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Skyworks due for a pullback? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent catalysts for Skyworks Solutions, Inc. before we dive into how investors and analysts have reacted as of late.
SWKS Q3 Earnings Beat on Broad Markets, AI Data Center GrowthSkyworks Solutions reported third-quarter fiscal 2026 non-GAAP earnings of $1.08 per share, beating the Zacks Consensus Estimate by 4.85%. Earnings declined 18.8% year over year from $1.33.
Revenues of $934.8 million fell 3.1% year over year but topped the consensus mark by 1.38%. Results benefited from healthy mobile demand and continued Broad Markets growth, with automotive and data center delivering double-digit gains.
SWKS Broad Markets Maintains Growth MomentumBroad Markets generated approximately $403 million in revenues, rising 8% year over year and accounting for 43% of total sales. Management highlighted that demand for several fast-growing products remained ahead of available supply during the quarter.
Wi-Fi, data center and automotive represented nearly two-thirds of the business and collectively grew 15% year over year. Artificial Intelligence (AI) data center was the fastest-growing operation, expanding at a rate above the 50% annual growth outlook provided in the prior quarter despite supply constraints.
Wi-Fi 7 adoption and early customer work on Wi-Fi 8 supported the connectivity pipeline. In automotive, connected-car and infotainment applications drove current growth, while management highlighted multiyear engagements with global automakers and suppliers. Demand for several faster-growing products exceeded available supply, partly offset by softness in consumer-oriented Internet of Things products.
Skyworks Mobile Mix Remains ConcentratedMobile contributed 57% of total revenues. Performance was supported by healthy sell-through at the largest customer and successful new-product ramps at the company’s largest Android customer.
The largest customer generated approximately 57% of total revenues. Management maintained its expectation for roughly flat blended mobile content this year, with stronger unit demand helping offset previously disclosed content pressure.
Skyworks also reiterated that its major Android design win extends through 2030. The customer performed particularly well during the reported quarter, although management expects the normal seasonal pattern to moderate that contribution in the September quarter.
SWKS Expands Automotive & Data Center PipelineSkyworks added automotive engagements spanning telematics and in-vehicle infotainment with leading global original equipment manufacturers. The company expects connectivity and power products to broaden its presence across multiyear vehicle platforms.
In the data center, SWKS expanded its design-win pipeline with precision timing products for a hyperscaler switch platform and isolation solutions for 800-volt high-voltage direct-current power architectures. Rising data rates and rack density are supporting demand for advanced timing, connectivity and power-delivery solutions.
Skyworks Margins Contract on Input Cost PressureNon-GAAP gross profit was $420 million, resulting in a gross margin of 44.9%. The margin contracted 220 basis points from 47.1% in the year-ago quarter as higher input costs continued to weigh on profitability.
Operating expenses on a GAAP basis were $326.5 million, up 12.4% year over year. Research and development expenses increased 4.2% year over year, while selling, general and administrative expenses rose 10.5%.
Non-GAAP operating income totaled $181.6 million, down from $224.4 million a year earlier. The operating margin declined 390 basis points to 19.4%. Management is pursuing cost controls and selective price increases, primarily across its longer-life Broad Markets products, to offset cost inflation.
Skyworks Maintains Balance Sheet StrengthSkyworks ended the quarter with approximately $814 million in cash and investments and $497 million in debt after repaying $500 million of notes that matured during the period.
Operating cash flow totaled $70.4 million in the third quarter compared with $314.1 million a year earlier. The company reported negative free cash flow of $16.7 million against positive free cash flow of $252.7 million in the prior-year quarter.
The company paid $106.9 million in dividends during the quarter. However, Skyworks said it will not declare quarterly dividends going forward, redirecting capital toward share repurchases, debt reduction and strategic acquisitions.
The board replaced the prior repurchase authorization with a new $2 billion stock buyback program for the combined company, set to expire in January 2029.
Skyworks Guides for a Seasonal Mobile RampFor the fourth quarter of fiscal 2026, Skyworks expects revenues to be between $1.01 billion and $1.06 billion. At the midpoint of $1.035 billion, management projects non-GAAP earnings of $1.27 per share.
Mobile revenues are expected to grow sequentially in the high teens, driven by seasonal product launches at the largest customer. Broad Markets is projected to increase approximately 5% year over year and represent about 39% of sales. Gross margin is forecast between 44% and 45%, with operating expenses of $235 million to $245 million.
SWKS Advances Its Pending Qorvo CombinationSkyworks said regulatory reviews for the Qorvo transaction are progressing and expressed optimism that the combination could close within calendar 2026. The company expects to raise approximately $2 billion of acquisition-related debt financing, with fourth-quarter guidance including about $5 million of incremental net interest expense.
The board authorized a new $2 billion share-repurchase program for the combined company and decided not to declare quarterly dividends going forward. Capital will instead be directed toward share repurchases, debt reduction and opportunistic acquisitions following the transaction.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in estimates review.
VGM ScoresCurrently, Skyworks has a poor Growth Score of F, however its Momentum Score is doing a lot better with a C. Charting a somewhat similar path, the stock was allocated a score of B on the value side, putting it in the second quintile for value investors.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Skyworks has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Skyworks Solutions zahájila předobchodní fázi níže poté, co JPMorgan snížila cílovou cenu z 70 USD na 65 USD a ponechala neutrální doporučení. Akcie otevřely na 58,59 USD oproti předchozímu závěru 64,68 USD.
Skyworks Solutions, Inc. (NASDAQ:SWKS – Get Free Report) gapped down prior to trading on Wednesday after JPMorgan Chase & Co. lowered their price target on the stock from $70.00 to $65.00. The stock had previously closed at $64.68, but opened at $58.59. JPMorgan Chase & Co. currently has a neutral rating on the stock. Skyworks Solutions shares last traded at $60.0940, with a volume of 2,453,515 shares.
Other analysts have also recently issued reports about the company. KeyCorp cut Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, July 14th. UBS Group increased their target price on Skyworks Solutions from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Wednesday. Mizuho lowered their target price on Skyworks Solutions from $55.00 to $52.00 and set an “underperform” rating for the company in a research note on Wednesday. Craig Hallum raised their target price on Skyworks Solutions from $75.00 to $85.00 in a research note on Wednesday, May 6th. Finally, BNP Paribas Exane lifted their price target on Skyworks Solutions from $60.00 to $70.00 in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, sixteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Skyworks Solutions currently has a consensus rating of “Hold” and a consensus target price of $74.22.
Get Our Latest Analysis on Skyworks Solutions
Key Stories Impacting Skyworks Solutions Here are the key news stories impacting Skyworks Solutions this week:
Positive Sentiment: Skyworks reported fiscal third-quarter revenue of approximately $935 million and non-GAAP diluted EPS of $1.08, exceeding analyst expectations of about $926 million and $1.03, respectively. Growth in Broad Markets—particularly automotive and AI data-center applications—helped offset weakness in other businesses. Skyworks fiscal third-quarter results Positive Sentiment: Management issued fourth-quarter EPS guidance of $1.27, above the roughly $1.23 consensus estimate, with revenue guidance of $1.0 billion to $1.1 billion. The company also authorized a new $2 billion share-repurchase program, which could support per-share results over time. Skyworks Q3 release and capital allocation update Positive Sentiment: Skyworks and Qorvo announced expected leadership appointments for their planned combination. RBC described the transaction favorably, citing potential cost synergies and relatively stable core business trends. Regulatory approvals are progressing, although the deal remains pending. RBC view on the Qorvo transaction Neutral Sentiment: Analyst sentiment remains mixed. UBS raised its target to $70 while maintaining a Neutral rating, whereas JPMorgan, Morgan Stanley, Stifel, TD Cowen, Citigroup, RBC and Mizuho lowered targets, generally retaining Neutral, Hold or equivalent ratings. Analyst revisions following earnings Negative Sentiment: Revenue declined 3.1% year over year and EPS fell from $1.33 a year earlier, while margin pressure and weaker wireless-related demand overshadowed the quarterly beat. Investors may also be concerned about the reported dividend suspension and plans to raise approximately $2 billion in acquisition debt financing. Morgan Stanley analysis of Skyworks Hedge Funds Weigh In On Skyworks Solutions Institutional investors and hedge funds have recently made changes to their positions in the business. Pzena Investment Management LLC boosted its holdings in Skyworks Solutions by 27.6% in the first quarter. Pzena Investment Management LLC now owns 16,108,138 shares of the semiconductor manufacturer’s stock worth $862,591,000 after acquiring an additional 3,481,658 shares in the last quarter. Norges Bank purchased a new stake in shares of Skyworks Solutions in the fourth quarter worth $121,304,000. FIL Ltd grew its stake in shares of Skyworks Solutions by 50.5% in the fourth quarter. FIL Ltd now owns 5,190,211 shares of the semiconductor manufacturer’s stock worth $329,111,000 after acquiring an additional 1,742,338 shares during the last quarter. Capital Research Global Investors bought a new position in shares of Skyworks Solutions during the fourth quarter valued at $102,279,000. Finally, First Trust Advisors LP increased its holdings in shares of Skyworks Solutions by 51.7% during the first quarter. First Trust Advisors LP now owns 2,218,826 shares of the semiconductor manufacturer’s stock valued at $118,818,000 after acquiring an additional 756,280 shares in the last quarter. Institutional investors own 85.43% of the company’s stock.
Skyworks Solutions Trading Down 5.4% The firm has a 50-day moving average price of $68.95 and a 200-day moving average price of $62.84. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.70 and a current ratio of 2.38. The stock has a market cap of $9.20 billion, a PE ratio of 31.70 and a beta of 1.50.
Skyworks Solutions (NASDAQ:SWKS – Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 EPS for the quarter, beating the consensus estimate of $1.03 by $0.05. The company had revenue of $934.80 million for the quarter, compared to the consensus estimate of $925.97 million. Skyworks Solutions had a net margin of 7.23% and a return on equity of 10.73%. Skyworks Solutions’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.33 EPS. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. As a group, equities analysts anticipate that Skyworks Solutions, Inc. will post 3.62 EPS for the current fiscal year.
Skyworks Solutions Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, May 26th were issued a dividend of $0.71 per share. The ex-dividend date was Tuesday, May 26th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 4.6%. Skyworks Solutions’s dividend payout ratio is presently 117.84%.
About Skyworks Solutions (Get Free Report)
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.
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Skyworks Solutions reported quarterly earnings of $1.08 per share which beat the analyst consensus estimate of $1.01 per share. The company reported quarterly sales of $934.800 million which beat the analyst consensus estimate of $920.280 million.
Skyworks Solutions sees fourth-quarter adjusted EPS of $1.27, versus market estimates of $1.28. The company sees sales of $1.010 billion-$1.060 billion, versus estimates of $1.021 billion.
“We delivered a solid quarter with revenue and earnings above expectations, reflecting consistent execution across the portfolio,” said Phil Brace, chief executive officer and president of Skyworks. “Mobile performed well on healthy demand, and Broad Markets delivered another quarter of year-over-year growth, led by double-digit gains in automotive and data center.
Skyworks Solutions shares fell 3.2% to trade at $62.55 on Wednesday.
These analysts made changes to their price targets on Skyworks Solutions following earnings announcement.
RBC Capital analyst Srini Pajjuri maintained the stock with a Sector Perform and lowered the price target from $80 to $70. Citigroup analyst Atif Malik maintained the stock with a Neutral and lowered the price target from $77 to $64. UBS analyst Timothy Arcuri maintained the stock with a Neutral and raised the price target from $65 to $70. Considering buying SWKS stock? Here’s what analysts think:
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Skyworks Solutions oznámila tržby ve výši 935 milionů USD a upravený zisk na akcii 1,08 USD, obojí nad středem výhledu. Zároveň pokračuje v přípravách na spojení s Qorvo a ruší čtvrtletní dividendu.
MarketBeat Week in Review – 06/23 - 6/27Skyworks Solutions NASDAQ: SWKS reported fiscal third-quarter revenue and non-GAAP earnings above the midpoint of its guidance, while outlining progress toward its proposed combination with Qorvo and a revised capital allocation strategy for the combined company.
For the June quarter, Skyworks generated revenue of $935 million and non-GAAP diluted earnings per share of $1.08, which Chief Executive Officer and President Phil Brace said was $0.05 above the midpoint of the company’s outlook. Revenue from mobile represented 57% of sales, while broad markets accounted for 43%.
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Skyworks Stock Down 16% in 2025, Poised for AI Edge SurgeChief Financial Officer and Senior Vice President Philip Carter said Skyworks’ largest customer represented approximately 57% of total revenue during the quarter. Mobile results were supported by healthy sell-through at that customer and new product ramps at Skyworks’ largest Android customer, he said.
Qorvo transaction advances Brace said regulatory reviews of Skyworks’ planned Qorvo combination were continuing to progress. In China, the review has advanced to phase three with the State Administration for Market Regulation, or SAMR, which Brace described during the question-and-answer session as the final stage of that process.
Cirrus Logic Stock Surges on Strong Apple iPhone Upgrade CycleThe company is working with regulators in the remaining jurisdictions and is now optimistic that the transaction can close within calendar 2026. Skyworks is preparing for a closing as early as its current fiscal year, although Brace noted that the deal remains subject to regulatory approvals and customary closing conditions.
In preparation for a potentially earlier closing, Skyworks anticipates raising approximately $2 billion in debt financing in the near term, subject to market and other conditions. Carter said the company ended the June quarter with approximately $814 million in cash and investments and $497 million in debt, after retiring $500 million of notes that matured during the period.
Skyworks also announced the expected leadership team for the combined company. Carter is expected to serve as chief financial officer, while Qorvo President and CEO Bob Bruggeworth is expected to join the combined company’s board of directors. Brace said the company’s integration planning remains on track and that management continues to expect at least $500 million in synergies.
Dividend discontinued as buyback program expands The board approved a new capital allocation framework for the combined company that emphasizes stock repurchases, debt reduction and strategic acquisitions. As part of the change, Skyworks will no longer declare a quarterly dividend.
The company replaced a repurchase authorization that had been scheduled to expire in February 2027 with a new $2 billion share repurchase program expiring in January 2029. Brace said the new approach is intended to provide greater flexibility and direct capital toward what management considers higher-return uses.
“We determined that we would allocate that capital towards both share repurchases, de-levering the balance sheet, and strategic opportunistic M&A,” Brace said in response to an analyst question about ending the dividend.
He added that the company is focused first on closing and integrating the Qorvo transaction. Over the longer term, management expects diversification-oriented acquisitions to remain part of its strategy, while maintaining discipline around returns and potential accretion.
Broad markets growth offset by consumer softness Broad markets revenue was approximately $403 million, up 8% from a year earlier. Skyworks said its Wi-Fi, data center and automotive businesses represented nearly two-thirds of broad markets revenue and collectively grew 15% year over year.
Brace said demand in those growth areas is running ahead of the company’s available supply. AI data center was the company’s fastest-growing business and was tracking ahead of the more than 50% annual growth rate discussed in the prior quarter, despite supply constraints. The company cited demand for high-speed connectivity, precision timing and advanced power-delivery products as data centers move toward higher data rates and higher-density architectures.
Wi-Fi 7 adoption continued, while the company said it is collaborating with customers on Wi-Fi 8. In automotive, Skyworks cited demand tied to connected vehicles and infotainment systems, as well as engagements with global automakers and tier-one suppliers on multiyear vehicle platforms.
However, Brace said strength in the growth engines was partly offset by softness in more consumer-exposed areas of the broad markets business, including consumer IoT-related devices.
September-quarter outlook For the fiscal fourth quarter, Skyworks forecast revenue of $1.01 billion to $1.06 billion. At the midpoint of $1.035 billion, the company expects non-GAAP diluted earnings per share of $1.27, based on an estimated 152 million diluted shares.
Mobile revenue is expected to increase sequentially in the high-teens percentage range, supported by seasonal product launches at Skyworks’ largest customer. Broad markets revenue is expected to grow approximately 5% year over year and represent about 39% of total sales. Gross margin is expected to be between 44% and 45%, reflecting a seasonal shift toward mobile and continued input-cost pressure. Operating expenses are expected to range from $235 million to $245 million. During the June quarter, gross margin was approximately 45%, while operating income was $182 million, or a 19.4% operating margin. Carter said rising input costs remained a headwind and are expected to persist into the September quarter. The company is pursuing cost reductions and selective price increases, primarily in broad markets, where products can have longer lifecycles and more pricing flexibility.
Brace said mobile demand signals remain stable, channel inventories are lean, and the company’s guidance reflects its current view of customer demand and inventory conditions. Looking further ahead, he said Skyworks sees increasing RF complexity from higher uplink demands, expanded receive paths, satellite connectivity and other changes that could support higher RF content in devices over time.
About Skyworks Solutions (NASDAQ:SWKS)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.
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Skyworks očekává ve 3. fiskálním čtvrtletí tržby 900–950 mil. USD a non-GAAP EPS 1,03 USD uprostřed odhadu. Mobilní tržby mají mezikvartálně klesnout o nízké jednotky procent.
Key Takeaways Skyworks expects Q3 revenues of $900M-$950M and non-GAAP EPS of $1.03 at the midpoint.Mobile revenues may decline by low single digits sequentially, indicating normal seasonal weakness.Broad Markets should rise modestly, reach 43% of sales and grow high single digits year over year. Skyworks Solutions (SWKS - Free Report) is slated to release third-quarter fiscal 2026 results on July 28.
For the third quarter of fiscal 2026, the company expects non-GAAP earnings of $1.03 per share at the midpoint of the projected revenue range of $900-$950 million.
The Zacks Consensus Estimate for earnings has remained steady at $1.03 per share in the past 30 days. The projection indicates a 22.56% decrease from the figure reported in the year-ago quarter.
The consensus mark for third-quarter fiscal 2026 revenues is pegged at $922.08 million, indicating a 4.45% year-over-year decline.
Skyworks’ earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 12.31%.
Let us see how things have shaped up prior to the announcement.
Factors Likely to Have Influenced SWKS’ Q3 PerformanceSWKS’ third-quarter fiscal 2026 performance is expected to have suffered from seasonal weakness in the mobile business. Management anticipates a low single-digit sequential decline in mobile revenues, consistent with normal seasonality, which could weigh on overall results, given mobile’s significant share of total revenues. However, management remains optimistic due to healthy sell-through at key customers, strong execution on new product launches and increasing RF complexity driven by artificial intelligence (AI) workloads.
The company is expected to benefit from its recently secured multigenerational Android design win, which is projected to generate more than $1 billion in revenues through 2030, reinforcing its position in premium AI-enabled smartphones. The quarter is also likely to have benefited from healthy customer demand, book-to-bill above 1, lean channel inventories and resilient demand for premium high-complexity mobile solutions, supporting the company’s revenue performance.
The company’s third-quarter fiscal 2026 performance is expected to benefit from continued strength in broad markets, particularly in WiFi, data center and automotive segments. The company reported nine consecutive quarters of growth in broad markets, with these three engines collectively growing 30% year over year and accounting for nearly two-thirds of the broad markets business. Broad markets are projected to be up modestly sequentially, representing 43% of sales and up high single digits year over year.
SWKS’ ongoing product innovation is set to drive growth. The company introduced new BAW filters targeting early 6G FR3 spectrum and next-generation RF front-end solutions supporting frequencies above 7 gigahertz. SWKS expanded its timing portfolio with new clock buffers for data center, wireless infrastructure and PCIe Gen 7 applications. These innovations position SWKS to capture opportunities in emerging technology cycles, such as 6G and WiFi 8, and to meet the increasing complexity and performance demands of AI-driven workloads.
For the fiscal third quarter of 2026, gross margin is projected to remain flat at approximately 44.5-45.5%, reflecting seasonally lower volume and higher input costs. In the second quarter of fiscal 2026, gross profit was $425 million, translating to a gross margin of 45%, which management said aligned with the midpoint of guidance. However, on a year-over-year basis, gross margin contracted 160 basis points.
What Our Model SaysPer the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is the exact case here.
Skyworks has an Earnings ESP of +0.12% and a Zacks Rank #3 at present. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
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