SWKS

A month has gone by since the last earnings report for Skyworks Solutions (SWKS). 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. Skyworks 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. Broad 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. Mobile 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. Skyworks 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. Non-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 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. For 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. Skyworks 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. In the past month, investors have witnessed a downward trend in estimates review. Currently, 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. Estimates 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. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Skyworks Solutions, Inc. (SWKS) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Qorvo Inc. QRVO delivered a better-than-expected first quarter for fiscal 2027, offering investors fresh evidence that the company's profitability profile is improving even as smartphone demand remains under pressure. While revenues declined from a year ago, stronger margins, disciplined cost management and a more diversified business mix helped the company exceed earnings expectations.The latest results suggest Qorvo's investment story is increasingly centered on operational execution rather than simply waiting for a recovery in the mobile market. Qorvo reported adjusted earnings of $1.64 per share, comfortably ahead of the Zacks Consensus Estimate of $1.10. Revenues of $784.8 million also topped the consensus expectation of $745.8 million, despite declining from $818.8 million in the year-ago quarter. Qorvo, Inc. price-consensus-chart | Qorvo, Inc. Quote The year-over-year revenue decline primarily reflected weaker demand in the Advanced Cellular Group, where smartphone-related sales remained soft. Even so, profitability improved substantially. Non-GAAP earnings increased 78% from the prior-year quarter as higher gross margins and disciplined operating execution more than offset lower sales. The ability to generate stronger earnings during a period of weaker mobile demand highlights an important shift in Qorvo's operating model. Rather than relying entirely on revenue growth, the company is demonstrating that better business mix and cost discipline can support earnings growth even in a challenging demand environment. The High-Performance Analog ("HPA") segment was the standout performer during the quarter. HPA revenue increased 50.1% year over year to $206.3 million, supported by continued strength across defense, aerospace, infrastructure and power applications. Management also highlighted double-digit revenue growth in defense, infrastructure and power markets while noting successful higher-value product placements within the Advanced Cellular Group. This diversification is becoming increasingly important for earnings quality. While competitors such as Skyworks Solutions, Inc. SWKS remain closely tied to smartphone demand, Qorvo is gradually building a more balanced portfolio across industrial and infrastructure markets. The company also competes with Broadcom Inc. AVGO, whose broader semiconductor exposure has long helped reduce dependence on any single end market. Qorvo's strategy reflects a similar effort to broaden its long-term earnings base. The strongest takeaway from the quarter may be the continued expansion in profitability. Non-GAAP gross margin improved to 52.8% from 44.0% a year earlier, while non-GAAP operating expenses declined to $236.6 million from $251.8 million. Non-GAAP operating income rose to $177.6 million, compared with $108.2 million in the prior-year quarter. Management expects this trend to continue. The company reaffirmed its expectation for non-GAAP gross margin above 50% during fiscal 2027 and said it is improving business mix, reducing capital intensity and structurally enhancing profitability. It also increased its expectation for fiscal 2027 non-GAAP earnings to above $7.00 per share. These developments suggest operating efficiency is becoming a more meaningful investment theme than short-term revenue fluctuations, particularly while smartphone demand remains uneven. Despite the encouraging operational performance, investors still face several sources of uncertainty. The pending Skyworks Solutions transaction has prompted management to discontinue quarterly conference calls and forward-looking guidance until the transaction process is completed. That limits visibility into near-term operating trends and makes it more difficult for investors to assess future quarterly performance. The company also remains exposed to smartphone demand, customer concentration, macroeconomic uncertainty and geopolitical developments. Advanced Cellular Group still represented 60.7% of first-quarter revenues, underscoring that mobile devices continue to play a central role in Qorvo's business despite ongoing diversification efforts.  As a result, improving operations are being balanced by external uncertainties that could continue influencing investor sentiment. Following the earnings release, Qorvo carries a Zacks Rank #2 (Buy) along with a Value Score of A, Momentum Score of A, Growth Score of C and an overall VGM Score of A. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The favorable Zacks Rank and Style Scores reinforce the company's improving earnings momentum and suggest that valuation and recent price performance remain supportive. The VGM Score is particularly noteworthy because it combines value, growth and momentum characteristics into a single measure, complementing the Zacks Rank in identifying fundamentally attractive stocks. Even after a strong earnings report, however, investors should continue monitoring the operational and transaction risks that remain. The latest quarter demonstrated that Qorvo can expand margins and grow earnings despite softer smartphone demand, but sustained execution and greater visibility following the pending transaction will likely determine whether that profitability story continues to strengthen. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Qorvo, Inc. (QRVO) : Free Stock Analysis Report Skyworks Solutions, Inc. (SWKS) : Free Stock Analysis Report Broadcom Inc. (AVGO) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. Skyworks Solutions stock has seen a steep share price decline over the past few years, yet the current checks suggest it is neither obviously cheap nor extremely stretched on intrinsic value. The Discounted Cash Flow (DCF) estimate lines up close to the market price, while broader valuation checks and market multiples point to a stock that does not screen as a clear bargain. Over the past 5 years, Skyworks Solutions shares have declined 62.2%, which puts a spotlight on whether the current price now fairly reflects the company’s prospects. Recent progress toward a merger with Qorvo and new product launches for AI focused network synchronizers can support long term cash flow expectations. At the same time, the plan to raise around US$2b in acquisition debt and execute a large buyback introduces balance sheet and capital allocation risks that matter for valuation. Skyworks Solutions passes only 1 out of 6 valuation checks, which leans more toward the stock looking expensive than like a clear value opportunity on the broader metrics. For investors, the debate is whether Skyworks Solutions at around US$61 per share offers enough compensation for its recent track record and deal related risks when the intrinsic value estimate is close to the current price. Find out why Skyworks Solutions' -10.6% return over the last year is lagging behind its peers. The Discounted Cash Flow (DCF) approach here looks at the cash Skyworks Solutions can generate for shareholders over time and discounts it back to today. On this model, the latest twelve-month free cash flow is about $480 million, with analysts assuming that cash flows keep growing from this base rather than shrinking. Those projections translate to an intrinsic value of about $59 per share, which is close to the recent market price near $61. That implies Skyworks Solutions appears only slightly overvalued by roughly 2.9% on this cash flow view, so the stock does not stand out as either a bargain or a clear excess. Because the planned Qorvo merger involves roughly $2 billion of new debt and a large buyback, the narrow gap between price and the DCF estimate leaves limited room for error if the combined company falls short of these cash flow expectations. Overall, Skyworks Solutions appears roughly fairly valued on the DCF numbers, with the share price sitting only a touch above the modelled intrinsic value. Skyworks Solutions is fairly valued according to our Discounted Cash Flow (DCF), but this can change at a moment's notice. Track the value in your watchlist or portfolio and be alerted on when to act. Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Skyworks Solutions. P/E is a useful cross check for Skyworks Solutions because earnings remain a key focus for many investors in semiconductors. On this measure, Skyworks Solutions currently trades on a P/E of about 31.7x. That sits below the broader semiconductor industry average of roughly 53.6x, yet modestly above the peer group average near 29.7x. A tailored fair P/E for Skyworks Solutions, which blends its growth profile, margins, size and risk factors, is estimated at about 28.0x. The current 31.7x level therefore represents a premium to this fair ratio, even if it does not look extreme against some higher multiple semiconductor stocks. For investors weighing the Qorvo merger, the P/E suggests the market is already assigning some value to the combined earnings story rather than treating the stock as clearly mispriced. On this earnings multiple, Skyworks Solutions stock appears overvalued relative to its modelled fair P/E. See what the numbers say about this price — find out in our valuation breakdown. Simply Wall St Narratives for Skyworks Solutions pick up where the valuation checks leave off. They set out the specific assumptions about Skyworks Solutions' future growth, margins and earnings that would need to hold for the stock to be worth materially more or less than today's price, and they sit on the company's Community page. Where a single ratio or model gives one figure, these narratives unpack the future it relies on so you can watch how closely reality matches it. One of the top community narratives on Skyworks Solutions: 17% undervalued Read one of the top narratives on Skyworks Solutions Do you think there's more to the story for Skyworks Solutions? Head over to our Community to see what others are saying! For Skyworks Solutions, the Discounted Cash Flow (DCF) view and the P/E signal broadly point in the same direction. The intrinsic value estimate sits close to the current price, while the tailored P/E suggests the stock trades on a premium multiple rather than a discount. Broader valuation checks remain weak, so the burden of proof now sits with the Qorvo merger plan and future cash generation. The key question is whether the combined business can deliver the earnings and free cash flow needed to justify paying up from here instead of waiting for either clearer execution or a more straightforward discount. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SWKS. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Skyworks Solutions SWKS 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. Broad 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. Skyworks Solutions, Inc. price-consensus-eps-surprise-chart | Skyworks Solutions, Inc. Quote 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. Mobile 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. Skyworks 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. Non-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 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. For 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. Skyworks 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. Skyworks Solutions currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the broader Zacks Computer and Technology sector include ASE Technology ASX, nVent Electric NVT, and Tokyo Electron TOELY. Each stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Shares of ASE Technology have gained 110.7% in the year-to-date period. ASX is set to report the second quarter of 2026 results on July 30.Shares of nVent Electric have surged 39% in the year-to-date period. NVT is slated to report second-quarter 2026 results on July 31.Tokyo Electron shares have gained 49.3% in the year-to-date period. TOELY is set to report first-quarter fiscal 2027 results on July 30. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Skyworks Solutions, Inc. (SWKS) : Free Stock Analysis Report ASE Technology Holding Co., Ltd. (ASX) : Free Stock Analysis Report Tokyo Electron Ltd. (TOELY) : Free Stock Analysis Report nVent Electric PLC (NVT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Skyworks Solutions (SWKS) came out with quarterly earnings of $1.08 per share, beating the Zacks Consensus Estimate of $1.03 per share. This compares to earnings of $1.33 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +4.85%. A quarter ago, it was expected that this chipmaker would post earnings of $1.04 per share when it actually produced earnings of $1.15, delivering a surprise of +10.58%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Skyworks, which belongs to the Zacks Semiconductors - Radio Frequency industry, posted revenues of $934.8 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.38%. This compares to year-ago revenues of $965 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Skyworks shares have added about 0.1% since the beginning of the year versus the S&P 500's gain of 8.3%. While Skyworks has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Skyworks was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.33 on $1.03 billion in revenues for the coming quarter and $5.05 on $3.93 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Semiconductors - Radio Frequency is currently in the top 19% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the broader Zacks Computer and Technology sector, DigitalOcean Holdings, Inc. (DOCN), has yet to report results for the quarter ended June 2026. The results are expected to be released on August 4. This company is expected to post quarterly earnings of $0.26 per share in its upcoming report, which represents a year-over-year change of -55.9%. The consensus EPS estimate for the quarter has been revised 8.1% higher over the last 30 days to the current level. DigitalOcean Holdings, Inc.'s revenues are expected to be $276.15 million, up 26.3% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Skyworks Solutions, Inc. (SWKS) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Interested in Skyworks Solutions, Inc.? Here are five stocks we like better. Skyworks exceeded its Q3 outlook, reporting $935 million in revenue and non-GAAP EPS of $1.08. Mobile contributed 57% of sales, while broad markets revenue rose 8% year over year to approximately $403 million. The proposed Qorvo combination is progressing, with China’s regulatory review entering its final phase and closing potentially occurring in calendar 2026. Skyworks expects at least $500 million in synergies and plans to raise approximately $2 billion in debt financing. Skyworks will discontinue its quarterly dividend and prioritize share repurchases, debt reduction and acquisitions through a new $2 billion buyback authorization. For Q4, it forecasts revenue of $1.01 billion to $1.06 billion and midpoint non-GAAP EPS of $1.27. MarketBeat Week in Review – 06/23 - 6/27 Skyworks 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%. → Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to Profit Skyworks Stock Down 16% in 2025, Poised for AI Edge Surge Chief 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. 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. → This Tiny AI Supplier Could Be More Important Than the Chipmakers Cirrus Logic Stock Surges on Strong Apple iPhone Upgrade Cycle The 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. → 2 Stocks Built to Thrive If Inflation Refuses to Fade 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. 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 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. 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. 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. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Skyworks Solutions Q3 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

Revenue of $935 Million, GAAP Diluted EPS of $0.22 and Non-GAAP Diluted EPS of $1.08 Continued Momentum Across Broad Markets Growth Engines, Led by Automotive and Data Center Qorvo Regulatory Approvals Progressing Announces Expected Leadership Team for Combined Company Anticipates Raising Approximately $2 Billion of Acquisition Debt Financing Announces New Capital Allocation Framework for Combined Company; New Stock Repurchase Authorization of $2 Billion IRVINE, Calif., July 28, 2026 (GLOBE NEWSWIRE) -- Skyworks Solutions, Inc. (Nasdaq: SWKS), a leading developer, manufacturer and provider of analog and mixed-signal semiconductors and solutions for numerous applications, today reported third fiscal quarter results for the period ended July 3, 2026. Revenue for the third fiscal quarter of 2026 was $935 million. On a GAAP basis, operating income for the third fiscal quarter was $49 million with diluted earnings per share of $0.22. On a non-GAAP basis, operating income was $182 million with non-GAAP diluted earnings per share of $1.08. “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. “We continue to advance the regulatory process for our pending combination with Qorvo. We are now optimistic that we can close within the calendar year, and we will be preparing to close as early as within the fiscal year. The steps we’re announcing today - our financing plans, the combined company’s expected leadership team, and a new capital allocation framework are about being ready to execute from day one.” Recent Business Highlights Expanded automotive design win pipeline, securing telematics and in-vehicle infotainment engagements with leading global OEMs Expanded AI data center design win pipeline, including precision timing for a hyperscaler switch platform and isolation solutions for 800-volt HVDC power architectures Introduced latest power and gate driver technologies, targeting next-generation AI data centers, electric vehicle platforms and industrial high-power applications Fourth Fiscal Quarter 2026 Outlook We provide earnings guidance on a non-GAAP basis because certain information necessary to reconcile such guidance to GAAP is difficult to estimate and dependent on future events outside of our control. Please refer to the attached Discussion Regarding the Use of Non-GAAP Financial Measures in this earnings release for further discussion of our use of non-GAAP measures, including quantification of known expected adjustment items. “For the September quarter, we anticipate revenue of $1,010 million to $1,060 million, with non-GAAP diluted earnings per share of $1.27 at the mid-point of the revenue range,” said Philip Carter, chief financial officer and senior vice president of Skyworks. “Our guidance includes approximately $5 million in incremental net interest expense, or approximately $0.03 per share, reflecting a partial quarter of financing costs associated with the pending Qorvo acquisition. “We expect Mobile to grow sequentially in the high-teens range, supported by the seasonal ramp of new product launches at our largest customer, while Broad Markets is expected to grow approximately 5% year-over-year, representing approximately 39% of sales.” Capital Allocation Framework In conjunction with the pending Qorvo combination, Skyworks’ board of directors has approved a new capital allocation framework for the combined company. Reflecting the combined company’s expected robust free cash flow and adjusted EBITDA generation, the framework provides the flexibility to repurchase shares, de-lever the balance sheet, and pursue opportunistic, accretive M&A. Accordingly, the board has replaced the stock repurchase program expiring in February 2027 with a new $2 billion stock repurchase program, and the company has decided not to declare any quarterly dividends going forward, redirecting that capital toward these higher-return uses. Repurchases may be made from time to time in the open market or through privately negotiated transactions, subject to market conditions and other factors; the program does not obligate the company to repurchase any minimum number of shares and may be suspended or discontinued at any time. Skyworks’ Third Quarter 2026 Conference Call Skyworks will host a conference call with analysts to discuss its third quarter fiscal 2026 results and business outlook on July 28, 2026, at 4:30 p.m. EDT. To listen to the conference call, please visit the investor relations section of Skyworks’ website at https://investors.skyworksinc.com/events-presentations. Playback of the conference call will be available on Skyworks’ website at www.skyworksinc.com/investors beginning at 9 p.m. EDT on July 28, 2026. Additionally, a transcript of the Company’s prepared remarks will be made available on our website promptly after their conclusion during the call. About Skyworks Skyworks Solutions, Inc. is empowering the wireless networking revolution. We are a leading developer, manufacturer and provider of analog and mixed-signal semiconductors and solutions for numerous applications, including aerospace, automotive, broadband, cellular infrastructure, connected home, defense, entertainment and gaming, industrial, medical, smartphone, tablet and wearables. Skyworks is a global company with engineering, marketing, operations, sales and support facilities located throughout Asia, Europe and North America and is a member of the S&P 500® market index (Nasdaq: SWKS). For more information, please visit Skyworks’ website at: www.skyworksinc.com. Important Information About the Proposed Transaction and Where to Find It In connection with the proposed mergers (the “Mergers”) with Qorvo, Inc. (“Qorvo”), Skyworks has filed with the SEC a registration statement on Form S-4 (File No. 333-291947) (the “Registration Statement”), which includes a prospectus with respect to the shares of Skyworks’ common stock to be issued in the Mergers and a joint proxy statement for Skyworks’ and Qorvo’s respective stockholders (the “Joint Proxy Statement/Prospectus”). The Registration Statement was declared effective on December 23, 2025, and Skyworks filed a final prospectus on December 23, 2025, and Qorvo filed a definitive proxy statement on December 23, 2025. The Joint Proxy Statement/Prospectus was mailed to stockholders of Skyworks and Qorvo on or about December 23, 2025. Each of Skyworks and Qorvo may also file with or furnish to the SEC other relevant documents regarding the Mergers. This communication is not a substitute for the Registration Statement, the Joint Proxy Statement/Prospectus or any other document that Skyworks or Qorvo may mail to their respective stockholders in connection with the Mergers. INVESTORS AND SECURITY HOLDERS OF SKYWORKS AND QORVO ARE URGED TO READ THE REGISTRATION STATEMENT AND THE JOINT PROXY STATEMENT/PROSPECTUS INCLUDED WITHIN THE REGISTRATION STATEMENT, AS WELL AS ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC IN CONNECTION WITH THE MERGERS OR INCORPORATED BY REFERENCE INTO THE REGISTRATION STATEMENT AND THE JOINT PROXY STATEMENT/PROSPECTUS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO), BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION REGARDING SKYWORKS, QORVO, THE MERGERS AND RELATED MATTERS. The documents filed by Skyworks with the SEC also may be obtained free of charge at Skyworks’ website at https://www.skyworksinc.com/investors or upon written request to Skyworks at [email protected]. The documents filed by Qorvo with the SEC also may be obtained free of charge at Qorvo’s website at https://ir.qorvo.com/ or upon written request to Qorvo at [email protected]. These documents filed with the SEC are also available for free to the public at the website maintained by the SEC at www.sec.gov. No Offer or Solicitation This communication is for informational purposes only and does not constitute, or form a part of, an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, and otherwise in accordance with applicable law. Safe Harbor Statement This earnings release includes “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and is intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on Skyworks’ and Qorvo’s current expectations, estimates and projections concerning future events, prospects and results, including the expected date of closing and potential benefits of the proposed transactions with Qorvo, their respective businesses and industries, management’s beliefs and certain assumptions, all of which are subject to change. In this context, forward-looking statements often address expected future business and financial performance and financial condition, including certain projections and business trends, including with respect to future sales and revenue, as well as plans for dividend payments and stock repurchases, expected leadership of the combined company and expectations related to the closing of the pending transaction with Qorvo. Forward-looking statements can often be identified by words such as “expect,” “anticipate,” “forecast,” “intend,” “plan,” “believe,” “could,” “seek,” “see,” “will,” “may,” “would,” “might,” “potentially,” “estimate,” “continue,” “expect,” “target,” and similar expressions and variations or negatives of these words, or other comparable terminology that conveys uncertainty regarding future events or outcomes. All such statements by their nature address matters that involve risks and uncertainties, many of which are beyond our control and are not guarantees of future results, such as statements about the consummation of the proposed transaction and the anticipated benefits thereof. These and other forward-looking statements, including the failure to consummate the proposed transactions or to make or take any filing or other action required to consummate the transactions in a timely matter or at all, are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements and adversely from those projected and may affect our future operating results, financial position and cash flows, and, therefore, you should not place undue reliance on any such statements and should exercise caution in relying on forward-looking statements. These risks, uncertainties and other important factors that may cause a difference include, but are not limited to: the risks of doing business internationally, including from trade war or trade protection measures (e.g., tariffs, retaliatory tariffs and other countermeasures or taxes), increased import/export restrictions and controls (e.g., our ability to obtain foreign-sourced raw materials, including from Chinese-based sources, as well as our ability to sell products to certain specified foreign entities only pursuant to a limited export license from the U.S. Department of Commerce), the susceptibility of the semiconductor industry and the markets addressed by our, and our customers’, products to economic cycles or changes in economic conditions, including inflation and recession that could result from trade war or trade protection measures; our reliance on a small number of key customers for a large percentage of our sales; decreased gross margins and loss of market share as a result of increased competition; our ability to obtain design wins from customers; our ability to convert design wins into revenue, including with respect to the design win with a leading Android OEM noted in this earnings release; market acceptance of our products and our customers’ products, including market acceptance of new, emerging technologies such as AI; the mix and volume of phone models sold by our largest customer; the completion of the proposed transactions with Qorvo on anticipated terms and timing, including obtaining required regulatory approvals, realizing the anticipated tax treatment; the potential impacts of the proposed transactions with Qorvo on the businesses of Skyworks and Qorvo, including unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects, business and management strategies, and the expansion and growth of their businesses; the failure to realize the anticipated benefits of the proposed transactions with Qorvo, including as a result of delay in completing the transactions or integrating the businesses of Skyworks and Qorvo; Skyworks’ and Qorvo’s ability to implement their business strategies; pricing trends; potential litigation relating to the proposed transactions that has been or could be instituted against Skyworks, Qorvo or their respective directors; the risk that disruptions from the proposed transactions will harm Skyworks’ or Qorvo’s business, including current plans and operations; the ability of Skyworks and Qorvo to retain and hire key personnel; potential adverse reactions or changes to business relationships with employees, customers, other business partners or governmental entities resulting from the announcement, pendency or completion of the proposed transactions; uncertainty as to the long-term value of Skyworks’ common stock; legislative, regulatory and economic developments affecting Skyworks’ and Qorvo’s businesses; general economic and market developments and conditions; the evolving legal, regulatory and tax regimes under which Skyworks and Qorvo operate; potential business uncertainty, including changes to existing business relationships during the pendency of the proposed transactions, that could affect Skyworks’ or Qorvo’s financial performance; restrictions during the pendency of the proposed transactions that may impact Skyworks’ or Qorvo’s ability to pursue certain business opportunities or strategic transactions; the unpredictability and severity of catastrophic events, including acts of terrorism, outbreaks of war or hostilities, as well as Skyworks’ and Qorvo’s response to any of the aforementioned factors; the costs, fees, expenses and other charges related to the transactions with Qorvo, including with respect to any related litigation; reduced flexibility in operating our business as a result of the indebtedness incurred in connection with the transaction with Silicon Laboratories Inc. and the substantial amount of additional indebtedness we expect to incur in connection with the Qorvo transactions; delays in the deployment of commercial 5G networks or in consumer adoption of 5G-enabled devices; the volatility of our stock price; changes in laws, regulations and/or policies that could adversely affect our operations and financial results, the economy and our customers’ demand for our products, or the financial markets and our ability to raise capital; fluctuations in our manufacturing yields due to our complex and specialized manufacturing processes; our ability to develop, manufacture and market innovative products, avoid product obsolescence, reduce costs in a timely manner, transition our products to smaller geometry process technologies and achieve higher levels of design integration; the quality of our products and any defect remediation costs; our products’ ability to perform under stringent operating conditions; the availability and pricing of third-party semiconductor foundry, assembly and test capacity, raw materials, including rare earth and similar minerals, supplier components, equipment and shipping and logistics services, including limits on our customers’ ability to obtain such services and materials; risks that we may not be able to optimize our manufacturing footprint and achieve any financial and operational benefits from such efforts, including reducing fixed costs or improving utilization rates, disruptions to our manufacturing processes, including relating to any relocation of our key facilities; our ability to successfully manage our senior management transitions; our ability to retain, recruit and hire key executives or the departure of any such executives, technical personnel and other employees in the positions and numbers, with the experience and capabilities, and at the compensation levels needed to implement our business and product plans; the timing, rescheduling or cancellation of significant customer orders and our ability, as well as the ability of our customers, to manage inventory; other economic, social, military and geopolitical conditions in the countries in which we, our customers or our suppliers operate, including the conflicts in Ukraine, Iran and other regions in the Middle East, possible disruptions in transportation networks, and fluctuations in foreign currency exchange rates; the effects of global health crises on business conditions in our industry, including the risk of significant disruptions to our business operations, as well as negative impacts to our financial condition; our ability to prevent theft of our intellectual property, disclosure of confidential information or breaches of our information technology systems; uncertainties of litigation, including potential disputes over intellectual property infringement and rights, as well as payments related to the licensing and/or sale of such rights; our ability to continue to grow and maintain an intellectual property portfolio and obtain needed licenses from third parties; our ability to make certain investments and acquisitions, integrate companies we acquire and/or enter into strategic alliances; and other risks and uncertainties, including those detailed from time to time in our filings, including the Joint Proxy Statement/Prospectus, with the Securities and Exchange Commission. While the factors identified here and in the Joint Proxy Statement/Prospectus are considered representative, no such list should be considered a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on Skyworks’ or Qorvo’s consolidated financial condition, results of operations or liquidity. The forward-looking statements contained in this earnings release are made only as of the date hereof, and we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, should circumstances change, except as otherwise required by securities or other applicable laws. Note to Editors: 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. SKYWORKS SOLUTIONS, INC. DISCUSSION REGARDING THE USE OF NON-GAAP FINANCIAL MEASURES Our earnings release contains some or all of the following financial measures that have not been calculated in accordance with United States Generally Accepted Accounting Principles (“GAAP”): (i) non-GAAP gross profit and gross margin, (ii) non-GAAP operating income and operating margin, (iii) non-GAAP net income, (iv) non-GAAP diluted earnings per share, and (v) non-GAAP free cash flow and free cash flow margin. As set forth in the “Unaudited Reconciliations of Non-GAAP Financial Measures” table found above, we derive such non-GAAP financial measures by excluding certain expenses and other items from the respective GAAP financial measure that is most directly comparable to each non-GAAP financial measure. Management uses these non-GAAP financial measures to evaluate our operating performance and compare it against past periods, make operating decisions, forecast for future periods, compare our operating performance against peer companies, and determine payments under certain compensation programs. These non-GAAP financial measures provide management with additional means to understand and evaluate the operating results and trends in our ongoing business by eliminating certain non-recurring expenses and other items that management believes might otherwise make comparisons of our ongoing business with prior periods and competitors more difficult, obscure trends in ongoing operations, or reduce management’s ability to make forecasts. We provide investors with non-GAAP gross profit and gross margin, non-GAAP operating income and operating margin, non-GAAP net income, non-GAAP diluted earnings per share, and non-GAAP free cash flow and free cash flow margin because we believe it is important for investors to be able to closely monitor and understand changes in our ability to generate income from ongoing business operations. We believe these non-GAAP financial measures give investors an additional method to evaluate historical operating performance and identify trends, an additional means of evaluating period-over-period operating performance and a method to facilitate certain comparisons of our operating results to those of our peer companies. We believe that providing non-GAAP operating income and operating margin allows investors to assess the extent to which our ongoing operations impact our overall financial performance. We also believe that providing non-GAAP net income and non-GAAP diluted earnings per share allows investors to assess the overall financial performance of our ongoing operations by eliminating the impact of share-based compensation expense, acquisition-related expenses, amortization of acquisition-related intangibles, settlements, gains, losses, and impairments, restructuring-related charges, and certain tax items which may not occur in each period presented and which may represent non-cash items unrelated to our ongoing operations. We further believe that providing non-GAAP free cash flow and free cash flow margin provide insight into our liquidity, our cash-generating capability, and the amount of cash potentially available to return to shareholders. We believe that disclosing these non-GAAP financial measures contributes to enhanced financial reporting transparency and provides investors with added clarity about complex financial performance measures. We calculate non-GAAP gross profit by excluding from GAAP gross profit, share-based compensation expense, amortization of acquisition-related intangibles, and restructuring and other charges. We calculate non-GAAP operating income by excluding from GAAP operating income, share-based compensation expense, acquisition-related expenses, amortization of acquisition-related intangibles, settlements, gains, losses, and impairments, and restructuring-related charges. We calculate non-GAAP net income and diluted earnings per share by excluding from GAAP net income and diluted earnings per share, share-based compensation expense, acquisition-related expenses, amortization of acquisition-related intangibles, settlements, gains, losses, and impairments, restructuring-related charges, and certain tax items. We calculate non-GAAP free cash flow by deducting capital expenditures from GAAP net cash provided by operating activities. We exclude certain items identified above from the respective non-GAAP financial measure referenced above for the reasons set forth with respect to each such excluded item below: Share-Based Compensation Expense - because (1) the total amount of expense is partially outside of our control because it is based on factors such as stock price volatility and interest rates, which may be unrelated to our performance during the period in which the expense is incurred, (2) it is an expense based upon a valuation methodology premised on assumptions that vary over time, and (3) the amount of the expense can vary significantly between companies due to factors that can be outside of the control of such companies. Acquisition-Related Expenses and Amortization of Acquisition-Related Intangibles - including such items as, when applicable, fair value adjustments to contingent consideration, fair value charges incurred upon the sale of acquired inventory, acquisition-related expenses, and amortization of acquired intangible assets because they are not considered by management in making operating decisions and we believe that such expenses do not have a direct correlation to our future business operations and thereby including such charges does not necessarily reflect the performance of our ongoing operations for the period in which such charges or reversals are incurred. Settlements, Gains, Losses, and Impairments - because such settlements, gains, losses, and impairments (1) are not considered by management in making operating decisions, (2) are infrequent in nature, (3) are generally not directly controlled by management, (4) do not necessarily reflect the performance of our ongoing operations for the period in which such charges are recognized, and/or (5) can vary significantly in amount between companies and make comparisons less reliable. Restructuring and Other Charges - because these charges have no direct correlation to our future business operations and including such charges or reversals does not necessarily reflect the performance of our ongoing operations for the period in which such charges or reversals are incurred. Certain Income Tax Items - including certain deferred tax charges and benefits that do not result in a current tax payment or tax refund and other adjustments, including but not limited to, items unrelated to the current fiscal year or that are not indicative of our ongoing business operations. Skyworks uses a normalized tax rate in its computation of the non-GAAP income tax provision to provide better consistency across reporting periods and to align with its recent historical average of current taxes. For fiscal 2026, Skyworks will apply a non-GAAP tax rate of 10%, which reflects current taxes relative to non-GAAP pre-tax income after applying certain non-GAAP tax adjustments. The non-GAAP financial measures presented in the table above should not be considered in isolation and are not an alternative for the respective GAAP financial measure that is most directly comparable to each such non-GAAP financial measure. Investors are cautioned against placing undue reliance on these non-GAAP financial measures and are urged to review and consider carefully the adjustments made by management to the most directly comparable GAAP financial measures to arrive at these non-GAAP financial measures. Non-GAAP financial measures may have limited value as analytical tools because they may exclude certain expenses that some investors consider important in evaluating our operating performance or ongoing business performance. Further, non-GAAP financial measures may have limited value for purposes of drawing comparisons between companies as a result of different companies potentially calculating similarly titled non-GAAP financial measures in different ways because non-GAAP measures are not based on any comprehensive set of accounting rules or principles. Our earnings release contains forward-looking estimates of non-GAAP diluted earnings per share for the fourth quarter of our 2026 fiscal year (“Q4 2026”). We provide this non-GAAP measure to investors on a prospective basis for the same reasons (set forth above) that we provide it to investors on a historical basis. We are unable to provide a reconciliation of our forward-looking estimate of Q4 2026 GAAP diluted earnings per share to a forward-looking estimate of Q4 2026 non-GAAP diluted earnings per share because certain information needed to make a reasonable forward-looking estimate of GAAP diluted earnings per share for Q4 2026 (other than estimated share-based compensation expense of $0.20 to $0.40 per diluted share, estimated amortization of intangibles of $0.20 to $0.30 per diluted share and certain tax items of -$0.15 to $0.20 per diluted share) is difficult to predict and estimate and is often dependent on future events that may be uncertain or outside of our control. Such events may include unanticipated changes in our GAAP effective tax rate, unanticipated one-time charges related to asset impairments (fixed assets, inventory, intangibles, or goodwill), unanticipated acquisition-related expenses, unanticipated settlements, gains, losses, and impairments, and other unanticipated non-recurring items not reflective of ongoing operations. The probable significance of these unknown items, in the aggregate, is estimated to be in the range of $0.00 to $0.15 in quarterly earnings per diluted share on a GAAP basis. Our forward-looking estimates of both GAAP and non-GAAP measures of our financial performance may differ materially from our actual results and should not be relied upon as statements of fact. [a] The following table summarizes the expense recognized in accordance with ASC 718 - Compensation, Stock Compensation (in millions): CONTACT: Media Relations: Constance Griffiths (949) 230-4867 [email protected] Investor Relations: Raji Gill (949) 508-0973 [email protected]

Wireless chips maker Skyworks Solutions (NASDAQ: SWKS) will be announcing earnings results this Tuesday after the bell. Here’s what you need to know. Skyworks Solutions beat analysts’ revenue expectations last quarter, reporting revenues of $943.7 million, flat year on year. It was an exceptional quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ operating income estimates. Is Skyworks Solutions a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members. This quarter, the market is expecting Skyworks Solutions’s revenue to decline 4% year on year, a reversal from the 6.6% increase it recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Skyworks Solutions has a history of exceeding Wall Street’s expectations. Looking at Skyworks Solutions’s peers in the semiconductors segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Texas Instruments delivered year-on-year revenue growth of 22.8%, beating analysts’ expectations by 3.8%, and Intel reported revenues up 25.4%, topping estimates by 11.7%. Texas Instruments traded down 3.6% following the results while Intel was also down 12.2%. Read our full analysis of Texas Instruments’s results here and Intel’s results here. Over the last year or so, investors' attention has moved from one major market theme to the next, spanning AI disruption and surging infrastructure investment to geopolitical tensions, interest rates, and the health of the broader economy. Unfortunately, semiconductors stocks have struggled in this environment as share prices are down 15.4% on average over the last month. Skyworks Solutions is down 11.2% during the same time and is heading into earnings with an average analyst price target of $72.94 (compared to the current share price of $60.20). ONE MORE THING: 3 Hidden Platforms Growing 3X Faster than Amazon, Google, and PayPal. Amazon, Google, and Meta all followed the same playbook: Dominate an ignored market. Build an unbeatable moat. Scale until you’re unstoppable. These three platforms are running that exact playbook right now. The early investors in Amazon made fortunes. The early investors in these could do the same. Get All 3 Stocks Here for FREE.

Skyworks Solutions SWKS 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 Solutions, Inc. price-eps-surprise | Skyworks Solutions, Inc. Quote 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. SWKS’ 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. Per 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. Here are some companies worth considering, as our model shows that these have the right combination of elements to beat earnings in their upcoming releases.Amphenol APH has an Earnings ESP of +1.12% and a Zacks Rank #1 at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Amphenol shares have gained 16.5% year to date. Amphenol is scheduled to report its second-quarter 2026 results on July 29.ASE Technology ASX has an Earnings ESP of +21.21% and a Zacks Rank #2.ASE Technology shares have surged 145.1% year to date. ASE Technology is set to report its second-quarter 2026 results on July 30.Fortive FTV has an Earnings ESP of +2.82% and a Zacks Rank #2 at present. Fortive shares have gained 9.8% in the year-to-date period. Fortive is set to report its second-quarter 2026 results on July 29. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Skyworks Solutions, Inc. (SWKS) : Free Stock Analysis Report Amphenol Corporation (APH) : Free Stock Analysis Report ASE Technology Holding Co., Ltd. (ASX) : Free Stock Analysis Report Fortive Corporation (FTV) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research