Skyworks Solutions shares fall 10% a day after results

Skyworks Solutions (SWKS) reported a weaker-than-expected forecast for Q1, including results from its recent Qorvo acquisition, citing smartphone market weakness and integration challenges. Analysts expressed concerns, and shares fell 7% on Wednesday.

Skyworks Solutions (SWKS) shares fell 7.9% after reporting Q3 revenue of $1.05B and EPS of $1.28, with Q4 guidance below estimates due to Android market softness and merger integration. The company guided Q4 revenue of $1.85B and EPS of $1.25, citing a 7% sequential decline. Shares later recovered to $81.47, down 4.6%.

Skyworks (SWKS) reported Q4 2026 revenue of $1.05B, exceeding guidance, with EPS of $1.28. Smartphone demand was strong, while broad markets grew 9% YoY. Input costs remain a challenge, but the company is taking mitigation steps. Pro forma combined revenue with Qorvo was $1.98B. The company expects cost synergies and growth in diversified markets like AI, defense, and automotive.

Mizuho reduced its price target for Skyworks Solutions (NASDAQ:SWKS) to $58 from $61, citing smartphone market challenges. The company reported September quarter revenue of $1.05 billion and EPS of $1.28, in line with estimates. Skyworks guided December quarter revenue to $1.85 billion, below consensus, and expects smartphone revenue to decline. Gross margin is guided up to 47%. The stock has a 37% YTD return and a 3.3% dividend yield. Other analysts have mixed views on the stock.

Skyworks Solutions (SWKS) discussed Q4 2026 earnings, targeting 50-55% gross margins driven by mix shifts, cost savings, and premium device growth. The company plans flexible capital allocation, prioritizing buybacks and strategic M&A. Success metrics include achieving synergies, growing diversified markets, and maintaining long-term financial targets. Smartphone revenue trends align with expectations, with consumer IoT softness offset by Wi-Fi and automotive growth.

Skyworks Solutions (SWKS) reported Q4 earnings, repurchasing $107M in stock. Mobile revenue was 60%, with broad markets up 9% YoY. The company expects Q1 revenue of $1.8B-$1.9B, with smartphone revenue declining. Skyworks targets mid- to high-single-digit revenue growth and cost synergies from its Qorvo merger.