Want to see SWKS full AI Analyst Report?
Top Page
Skyworks Solutions
(NASDAQ:SWKS)
Select Model
Select Model
Rating:60Neutral
Price Target:
$94.00
▲(39.55% Upside)
Action:Reiterated
Date:10/08/26
Overall score reflects pressured core fundamentals (multi-year revenue decline and margin compression) partially offset by a strong balance sheet and still-positive cash generation. Earnings-call read-through is supportive due to an earnings beat, constructive near-term outlook, and strong AI data center momentum, while technicals are mixed and valuation is a headwind due to the high P/E despite a solid dividend yield.
Positive Factors
Qorvo merger expands scale and diversification
The Qorvo combination materially broadens Skyworks’ RF, analog and mixed-signal portfolio across mobile, automotive, data center, defense and connected-edge markets. Greater scale and targeted synergies could improve revenue stability, strengthen competitive positioning and support earnings power over several years.
Negative Factors
Sustained revenue and margin deterioration
Multi-year revenue contraction and sharply lower operating and net margins indicate pressure on demand, product mix and earnings efficiency. Even with the business remaining profitable, this weaker base reduces reinvestment capacity and makes future profit recovery more dependent on successful growth initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
Qorvo merger expands scale and diversification
The Qorvo combination materially broadens Skyworks’ RF, analog and mixed-signal portfolio across mobile, automotive, data center, defense and connected-edge markets. Greater scale and targeted synergies could improve revenue stability, strengthen competitive positioning and support earnings power over several years.
Read all positive factors
Skyworks Solutions Key Performance Indicators (KPIs)
Any
Revenue by Geography
Shows the share of sales coming from each region (for example, Asia/China, North America, Europe), revealing where Skyworks earns its revenue and how exposed it is to regional demand swings, trade restrictions, or currency moves. Heavy concentration in China or other mobile-centric markets can amplify cyclical risk tied to smartphones, while rising sales in automotive, industrial, or IoT markets in North America and Europe point to diversification and more stable long-term growth.
Shows the share of sales coming from each region (for example, Asia/China, North America, Europe), revealing where Skyworks earns its revenue and how exposed it is to regional demand swings, trade restrictions, or currency moves. Heavy concentration in China or other mobile-centric markets can amplify cyclical risk tied to smartphones, while rising sales in automotive, industrial, or IoT markets in North America and Europe point to diversification and more stable long-term growth.
Data provided by:
The Fly
The FlySkyworks Solutions (SWKS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$21.03B
Dividend Yield3.18%
Average Volume (3M)6.85M
Price to Earnings (P/E)46.1
Beta (1Y)1.31
Revenue Growth0.06%
EPS Growth-22.93%
CountryUS
Employees10,000
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)1.94
Shares Outstanding235,165,540
10 Day Avg. Volume4,299,544
30 Day Avg. Volume6,850,511
Financial Highlights & Ratios
PEG Ratio-1.47
Price to Book (P/B)2.07
Price to Sales (P/S)2.91
P/FCF Ratio10.77
Enterprise Value/Market Cap0.44
Enterprise Value/Revenue2.33
Enterprise Value/Gross Profit5.72
Enterprise Value/Ebitda11.78
Forecast
1Y Price Target
$82.89Price Target Upside23.05% Upside
Rating ConsensusHold
Number of Analyst Covering10
EPS Forecast (FY)5.02
Revenue Forecast (FY)$4.05B
Skyworks Solutions Business Overview & Revenue Model
Company Description
Skyworks Solutions, Inc., together with its subsidiaries, develops, manufactures, and markets analog and mixed-signal semiconductor products and solutions in the United States, Taiwan, China, South Korea, Europe, the Middle East, Africa, and the A...
How the Company Makes Money
Skyworks makes money primarily by selling semiconductor components and modules to original equipment manufacturers (OEMs) and device makers, either directly or through distributors, for inclusion in end products. Its main revenue stream is product...
Skyworks Solutions Earnings Call Summary
Earnings Call Date:Jul 28, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Nov 03, 2026
Earnings Call Sentiment Positive
The call was predominantly positive. Skyworks exceeded third-quarter revenue and EPS guidance, reported steady demand and lean channel inventories, delivered strong broad markets growth, highlighted AI data center momentum above 50% annual growth, and expressed increased confidence in closing the Qorvo transaction within the calendar year. These positives were tempered by rising input costs, supply constraints, consumer-market softness, mobile content pressure, the elimination of the dividend, and remaining regulatory and financing conditions.Positive Updates
Qorvo Regulatory Process Advancing
The Qorvo combination's regulatory review in China has advanced to phase III with SAMR, which management identified as the final stage of that process. The company is working constructively with the two remaining jurisdictions and is now optimistic that the transaction can close within the calendar year, preparing to close as early as within fiscal 2026.
Negative Updates
Input Cost Pressure on Gross Margin
Input costs remained a headwind in the June quarter and are expected to continue rising in the September quarter. Management said input costs have been increasing faster than savings from other areas, creating pressure on gross margin.
Read all updates
Q3-2026 Updates
Positive
Negative
Qorvo Regulatory Process Advancing
The Qorvo combination's regulatory review in China has advanced to phase III with SAMR, which management identified as the final stage of that process. The company is working constructively with the two remaining jurisdictions and is now optimistic that the transaction can close within the calendar year, preparing to close as early as within fiscal 2026.
Read all positive updates
Company Guidance
Skyworks expects to close the Qorvo transaction “within the calendar year” and prepare to close “as early as within this fiscal year,” raising “approximately $2 billion” of debt financing, with anticipated synergies of “$500 million or more” and a new “$2 billion” stock repurchase program expiring in January of 2029; for the fourth quarter of fiscal 2026, it expects revenue in the range of $1.01 billion-$1.06 billion, mobile to grow sequentially in the high teens range, broad markets to grow approximately 5% year-over-year and represent approximately 39% of total sales, gross margin in the range of 44%-45%, operating expenses of $235 million-$245 million, approximately $6 million in other expense including approximately $5 million of incremental net interest expense, an effective tax rate of approximately 10%, a diluted share count of 152 million shares, and expected non-GAAP diluted earnings per share of $1.27 at the midpoint revenue outlook of $1,035,000,000; AI data center is tracking ahead of the 50% annual growth outlined last quarter, and the company is sticking with its 50%-55% combined company longer term.Skyworks Solutions Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
78
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.01B | 4.09B | 4.18B | 4.77B | 5.49B | 5.11B |
| Gross Profit | 1.64B | 1.68B | 1.72B | 2.11B | 2.60B | 2.51B |
| EBITDA | 794.30M | 1.02B | 1.12B | 1.76B | 2.21B | 2.05B |
| Net Income | 290.10M | 477.10M | 596.00M | 982.80M | 1.28B | 1.50B |
Balance Sheet | ||||||
| Total Assets | 7.42B | 7.92B | 8.28B | 8.43B | 8.87B | 8.59B |
| Cash, Cash Equivalents and Short-Term Investments | 799.20M | 1.37B | 1.56B | 734.40M | 586.30M | 1.02B |
| Total Debt | 681.10M | 1.20B | 1.20B | 1.51B | 2.41B | 2.41B |
| Total Liabilities | 1.69B | 2.16B | 1.95B | 2.34B | 3.40B | 3.29B |
| Stockholders Equity | 5.74B | 5.76B | 6.34B | 6.08B | 5.47B | 5.30B |
Cash Flow | ||||||
| Free Cash Flow | 196.30M | 1.11B | 1.67B | 1.62B | 914.90M | 1.12B |
| Operating Cash Flow | 478.20M | 1.30B | 1.82B | 1.86B | 1.42B | 1.77B |
| Investing Cash Flow | -169.60M | -234.00M | -355.90M | -224.40M | -378.90M | -3.13B |
| Financing Cash Flow | -936.60M | -1.27B | -819.00M | -1.48B | -1.36B | 1.68B |
Skyworks Solutions Technical Analysis
Positive
67.36
Price Trends
80.08
Positive
73.00
Positive
67.42
Positive
Market Momentum
1.47
Negative
66.64
Neutral
97.43
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SWKS, the sentiment is Positive. The current price of 67.36 is below the 20-day moving average (MA) of 81.71, below the 50-day MA of 80.08, and below the 200-day MA of 67.42, indicating a bullish trend. The MACD of 1.47 indicates Negative momentum. The RSI at 66.64 is Neutral, neither overbought nor oversold. The STOCH value of 97.43 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SWKS.
Skyworks Solutions Risk Analysis
Skyworks Solutions disclosed 32 risk factors in its most recent earnings report. Skyworks Solutions reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Skyworks Solutions Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $1.65T | 42.80 | 43.91% | 0.75% | 48.69% | 99.97% | |
76 Outperform | $197.99B | 21.12 | 37.33% | 1.97% | 1.87% | -16.70% | |
72 Outperform | $19.28B | 78.88 | 17.09% | ― | 28.36% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | $21.03B | 46.10 | 5.04% | 3.18% | 0.06% | -22.93% | |
50 Neutral | $6.52B | -204.60 | -6.11% | ― | 56.02% | 83.39% |
* Technology Sector Average
SWKS
Skyworks Solutions
89.43
12.09
15.63%
AVGO
Broadcom
345.00
-28.69
-7.68%
MTSI
MACOM Technology Solutions Holdings
252.42
101.81
67.60%
MXL
Maxlinear
71.61
56.36
369.57%
QCOM
Qualcomm
185.41
11.77
6.78%
Skyworks Solutions Corporate Events
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Skyworks Solutions Streamlines Debt with New Senior Notes
Positive
Oct 7, 2026
On October 7, 2026, Skyworks Solutions completed exchange offers and related consent solicitations involving senior notes previously issued by Qorvo. Holders of Qorvo’s 4.375% notes due 2029 and 3.375% notes due 2031 largely tendered their s...
Business Operations and StrategyExecutive/Board ChangesM&A TransactionsPrivate Placements and Financing
Skyworks Completes Transformative Merger with Qorvo Semiconductor
Positive
Oct 5, 2026
Skyworks completed its merger with Qorvo on Oct. 5, 2026, creating a larger U.S.-based player in RF, power management and analog/mixed-signal semiconductors, with about 8,000 engineers and more than 12,000 patents and patent applications. Under th...
Business Operations and StrategyM&A TransactionsPrivate Placements and FinancingRegulatory Filings and Compliance
Skyworks Clears Regulators for Merger with Qorvo
Positive
Sep 30, 2026
On September 30, 2026, Skyworks Solutions announced it had obtained all required regulatory clearances to move forward with its previously agreed cash-and-stock merger with Qorvo, a deal first unveiled on October 28, 2025. The companies expect to ...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Skyworks Extends Qorvo Note Exchange Amid Merger Plans
Positive
Sep 2, 2026
On September 1, 2026, Skyworks Solutions extended the expiration date for its offers to exchange Qorvo’s 4.375% Senior Notes due 2029 and 3.375% Senior Notes due 2031 for new Skyworks notes of the same maturities. The exchange deadline was m...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Skyworks Solutions Issues Notes to Support Qorvo Acquisition
Positive
Aug 10, 2026
On August 10, 2026, Skyworks Solutions issued $2.0 billion of senior unsecured notes in three tranches maturing in 2028, 2032 and 2036, with coupon rates ranging from 5.000% to 6.250%. The notes, sold under an August 4, 2026 underwriting agreement...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Skyworks Advances Strategic Qorvo RF Semiconductor Merger
Positive
Aug 3, 2026
On October 27, 2025, Skyworks Solutions, Inc. agreed a two-step merger transaction to acquire rival RF chipmaker Qorvo, Inc., via Comet Acquisition Corp. and Comet Acquisition II, LLC, both wholly owned Skyworks subsidiaries. Under the structure, ...
Business Operations and StrategyM&A TransactionsRegulatory Filings and Compliance
Skyworks’ Qorvo merger progresses as key approvals advance
Positive
Aug 3, 2026
On October 27, 2025, Skyworks Solutions entered into a merger agreement with fellow RF semiconductor maker Qorvo, structuring the deal as a two-step merger that will ultimately leave Qorvo as a wholly owned subsidiary within Skyworks’ corpor...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.