Skyworks Solutions (NASDAQ:SWKS) Issues Earnings Results, Beats Estimates By $0.01 EPS

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

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

• Skyworks completed its combination with Qorvo, creating a broader RF and connectivity portfolio, expanded manufacturing footprint, and exposure to defense, data center, automotive, and physical AI markets.
• Skyworks’ standalone September-quarter revenue was $1.046 billion, above guidance, with non-GAAP EPS of $1.28; broad markets grew 9% year over year in the quarter and approximately 10% for fiscal 2026, led by data center, Wi-Fi, and automotive.
• Management expects Diversified Growth Markets to grow faster than smartphones, citing supply-constrained demand in defense, data center, and other secular markets. The company targets mid- to high-single-digit long-term revenue growth and, within 24–36 months, 50%–55% gross margins and 30%–35% operating margins.
• Combined December-quarter revenue is expected at $1.8 billion–$1.9 billion, down sequentially, with smartphone revenue declining in the low teens due to seasonality, Android weakness, and the extra week in Qorvo’s prior quarter; input-cost inflation will also pressure margins.
• Management remains committed to at least $500 million in annual cost synergies, with approximately $150 million expected during fiscal 2027 and a $250 million–$300 million annualized exit run rate, although most manufacturing-related savings will build in the second half of fiscal 2027 and beyond.

Skyworks Solutions Trading Up 0.3%

Shares of Skyworks Solutions stock opened at $85.40 on Wednesday. The firm has a 50-day simple moving average of $81.21 and a two-hundred day simple moving average of $67.81. The company has a market cap of $12.85 billion, a P/E ratio of 44.25, a price-to-earnings-growth ratio of 2.32 and a beta of 1.51. Skyworks Solutions has a fifty-two week low of $51.93 and a fifty-two week high of $92.80. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.94 and a current ratio of 3.10.

Key Skyworks Solutions News

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

• Positive Sentiment: Skyworks reported fiscal Q4 adjusted earnings of $1.28 per share and revenue of $1.046 billion, slightly above consensus estimates of $1.27 and about $1.04 billion. Zacks earnings report
• Positive Sentiment: The company says its combination with Qorvo will broaden its RF platform and reach into markets including automotive, defense, infrastructure and physical AI. Skyworks is targeting at least $500 million in annual cost synergies, although delivering those savings will depend on integration execution. Skyworks results and Qorvo combination announcement
• Neutral Sentiment: Morgan Stanley raised its price target to $95 from $72 but kept an “equal weight” rating, signaling a higher valuation view without a bullish rating change. Morgan Stanley price-target update
• Negative Sentiment: Despite the quarterly estimate beat, revenue fell about 5% year over year and adjusted earnings declined from $1.76 per share a year earlier. Investors were also unsettled by weak forward guidance as sluggish smartphone demand weighs on expectations. Reuters report on smartphone demand and forecast

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Jefferies Financial Group lowered Skyworks Solutions to a “buy” rating in a research note on Wednesday. Morgan Stanley raised their target price on Skyworks Solutions from $72.00 to $95.00 and gave the stock an “equal weight” rating in a report on Monday. Royal Bank Of Canada lifted their price target on Skyworks Solutions from $70.00 to $95.00 and gave the company a “sector perform” rating in a research report on Thursday, October 1st. Citigroup lifted their price target on Skyworks Solutions from $64.00 to $90.00 and gave the company a “neutral” rating in a research report on Tuesday, October 6th. Finally, B. Riley Financial raised Skyworks Solutions from a “neutral” rating to a “buy” rating and boosted their price target for the company from $68.00 to $107.00 in a report on Tuesday, October 6th. Five analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $79.17.

Skyworks Solutions Company Profile

Skyworks Solutions, Inc (NASDAQ: SWKS) is a semiconductor company that designs and manufactures high-performance analog and mixed-signal products for wireless connectivity applications. Its portfolio includes radio-frequency front-end modules, amplifiers, filters, switches, antenna tuners, and other integrated solutions used to transmit, receive, and manage wireless signals.

The company serves a range of markets, including smartphones and other mobile devices, automotive systems, industrial equipment, home automation, medical devices, aerospace, and defense.