Skyworks Solutions (NASDAQ:SWKS) Issues Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Key Points

• Skyworks beat Q2 expectations with non‑GAAP EPS of $1.15 vs. $1.04 consensus and revenue of $943.7M (vs. ~ $902M), and issued Q3 guidance of $1.03 EPS and $900–$950M revenue.
• Management announced a multi‑generational Android OEM design win expected to deliver over $1 billion through 2030, improving long‑term revenue visibility.
• Near‑term headwinds include higher input costs and rising inventories that pressure margins (flat gross margin guidance), while the proposed Qorvo merger is progressing through regulatory review with a potential close in early 2027.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) released its earnings results on Tuesday. The semiconductor manufacturer reported $1.15 EPS for the quarter, beating the consensus estimate of $1.04 by $0.11, FiscalAI reports. The firm had revenue of $943.70 million during the quarter, compared to analyst estimates of $901.76 million. Skyworks Solutions had a return on equity of 11.72% and a net margin of 9.73%.The business's quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.24 earnings per share. Skyworks Solutions updated its Q3 2026 guidance to 1.030-1.030 EPS.

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

• Secured a multi‑generational design win with a leading Android OEM expected to generate over $1 billion through 2030, described as incremental, premium RF content that the company expects to grow year‑over‑year.
• Beat Q2 guidance with $944 million revenue (~$20M above the high end) and EPS of $1.15, reported nine consecutive quarters of broad‑markets growth, paid $107M in dividends, and finished the quarter with a strong balance sheet (~$1.4B cash, $1B debt).
• The proposed Qorvo combination is progressing through regulatory reviews (China SAMR in phase two) with an expected close in early 2027 but management is hopeful for late‑2026 and reiterates confidence in achieving synergies of $500M+.
• Near‑term margin pressure from higher input costs (expedites, gold) is driving selective price increases and cost controls; Q3 guidance shows flat gross margin (~44.5%–45.5%) and an EPS midpoint of $1.03 amid seasonal mobile declines.

Skyworks Solutions Stock Up 5.4%

Shares of NASDAQ SWKS traded up $3.71 on Tuesday, hitting $72.56. The company had a trading volume of 6,777,723 shares, compared to its average volume of 3,139,714. Skyworks Solutions has a 12-month low of $51.93 and a 12-month high of $90.90. The business has a 50 day moving average of $57.60 and a two-hundred day moving average of $62.57. The company has a quick ratio of 1.80, a current ratio of 2.40 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $10.91 billion, a P/E ratio of 27.91 and a beta of 1.48.

Analyst Ratings Changes

Several equities analysts recently commented on SWKS shares. Zacks Research lowered Skyworks Solutions from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 16th. Citigroup lowered their price target on Skyworks Solutions from $80.00 to $63.00 and set a "neutral" rating for the company in a research report on Wednesday, February 4th. Barclays raised Skyworks Solutions from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $60.00 to $70.00 in a research report on Wednesday, April 22nd. UBS Group lowered their price target on Skyworks Solutions from $63.00 to $58.00 and set a "neutral" rating for the company in a research report on Wednesday, February 4th. Finally, Morgan Stanley lowered their price target on Skyworks Solutions from $89.00 to $68.00 and set an "equal weight" rating for the company in a research report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, sixteen have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $70.28.

Institutional Investors Weigh In On Skyworks Solutions

Several institutional investors and hedge funds have recently modified their holdings of SWKS. CYBER HORNET ETFs LLC purchased a new stake in shares of Skyworks Solutions in the second quarter worth about $32,000. MUFG Securities EMEA plc purchased a new stake in shares of Skyworks Solutions in the second quarter worth about $33,000. Brown Brothers Harriman & Co. boosted its position in shares of Skyworks Solutions by 70.7% in the third quarter. Brown Brothers Harriman & Co. now owns 560 shares of the semiconductor manufacturer's stock worth $43,000 after buying an additional 232 shares during the period. Atlas Capital Advisors Inc. purchased a new stake in shares of Skyworks Solutions in the fourth quarter worth about $48,000. Finally, Smartleaf Asset Management LLC boosted its holdings in Skyworks Solutions by 46.2% in the second quarter. Smartleaf Asset Management LLC now owns 1,121 shares of the semiconductor manufacturer's stock valued at $84,000 after purchasing an additional 354 shares during the last quarter. Hedge funds and other institutional investors own 85.43% of the company's stock.

Skyworks Solutions News Summary

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

• Positive Sentiment: Q2 results beat expectations — Non‑GAAP EPS $1.15 vs. consensus $1.04 and revenue $943.7M vs. ~$902M consensus; company exceeded the high end of its guidance. Read More.
• Positive Sentiment: Outlook raised above street — SWKS issued Q3 EPS guidance of $1.03 (vs. ~$0.86 consensus) and revenue guidance $900–950M (midpoint well above consensus), implying stronger sequential demand. Read More.
• Positive Sentiment: Large multi‑year design win — Announced a multi‑generational Android OEM design win expected to deliver $1B+ through 2030, supporting long‑term revenue visibility. Read More.
• Neutral Sentiment: Management commentary and call transcript available — The earnings call provides color on demand across smartphones, automotive and industrial end markets; investors can review the transcript for channel/inventory details. Read More.
• Negative Sentiment: Revenue roughly flat YoY and EPS down vs. prior year — Q2 revenue was essentially flat year‑over‑year (reported down ~1%) and non‑GAAP EPS fell from $1.24 last year to $1.15, highlighting that growth is still recovering. Read More.
• Negative Sentiment: Inventory levels increased — The company reported higher inventories, which could pressure near‑term margins or signal channel stocking rather than end‑demand in some segments. Read More.

Skyworks Solutions Company Profile

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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