JP Morgan maintains Skyworks Solutions at Neutral, raises price target to $77 from $65

Qualcomm (QCOM) fell 11% after reporting Q4 FY2026 earnings. Despite beating EPS and revenue estimates, handset sales dropped 26% YoY, and gross margin missed expectations. Q1 FY2027 guidance was below consensus. Arm (ARM) and Skyworks (SWKS) also declined, down 7% and 2% respectively, due to sector-wide weakness.

Barclays downgraded Skyworks Solutions to Equal-Weight from Overweight, raising its price target to $79 from $70. The new target implies a 4.7% downside from the Nov 4 close of $82.92. Recent analyst price targets for the company range from $72 to $95.

Skyworks Solutions (SWKS) shares fell 5% to $81.19, despite a 31% YTD gain. Q4 revenue of $1.05B beat estimates, but Q1 guidance missed expectations. Analysts are divided, with some citing smartphone market weakness and others expecting synergies from the Qorvo merger. Inventory and debt levels are concerns.

Skyworks Solutions (SWKS) shares fell 5.2% to $80.97 after projecting Q4 revenue of $1.80B-$1.90B, indicating a sequential decline. The forecast includes integration costs from its Qorvo acquisition. GuruFocus notes 10 warning signs and a high P/E ratio of 41.95.

Skyworks (SWKS) reported Q4 fiscal 2026 non-GAAP EPS of $1.28, down 27.3% Y/Y but beating estimates. Revenue fell 5% Y/Y to $1.05B, also topping forecasts. Broad markets grew 9% Y/Y to $416M, driven by data center, Wi-Fi, and automotive. Mobile revenues benefited from strong smartphone demand. The company completed its Qorvo deal post-quarter, with combined revenues of $1.98B. Margins shrank due to cost pressures.

Skyworks Solutions (SWKS) reported Q4 adjusted earnings of $1.28 per share, beating estimates, but revenue fell 4.8% to $1.046B. The company's Q1 forecast, including Qorvo, was below expectations, raising concerns about smartphone market weakness and integration challenges. Analysts lowered price targets and maintained neutral ratings.