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

Skyworks Solutions (NASDAQ:SWKS) issued its quarterly earnings results on Tuesday. The semiconductor manufacturer reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.11, FiscalAI reports. The firm had revenue of $943.70 million during the quarter, compared to the consensus estimate of $901.76 million. Skyworks Solutions had a return on equity of 11.72% and a net margin of 9.73%.Skyworks Solutions’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the business 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%

NASDAQ SWKS traded up $3.71 on Tuesday, hitting $72.56. 6,777,723 shares of the stock traded hands, compared to its average volume of 3,139,714. The stock has a 50-day moving average of $57.60 and a 200 day moving average of $62.57. Skyworks Solutions has a twelve month low of $51.93 and a twelve month high of $90.90. The company has a market capitalization of $10.91 billion, a P/E ratio of 27.91 and a beta of 1.48. The company has a current ratio of 2.40, a quick ratio of 1.80 and a debt-to-equity ratio of 0.09.

Institutional Trading of Skyworks Solutions

Several institutional investors and hedge funds have recently bought and sold shares of the company. United Services Automobile Association acquired a new stake in shares of Skyworks Solutions during the 1st quarter worth approximately $236,000. Focus Partners Wealth raised its position in shares of Skyworks Solutions by 99.0% during the 1st quarter. Focus Partners Wealth now owns 9,451 shares of the semiconductor manufacturer’s stock worth $611,000 after purchasing an additional 4,702 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Skyworks Solutions by 137.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,298 shares of the semiconductor manufacturer’s stock worth $171,000 after purchasing an additional 1,330 shares during the period. Gamco Investors INC. ET AL acquired a new stake in shares of Skyworks Solutions during the 2nd quarter worth approximately $259,000. Finally, Gabelli Funds LLC acquired a new stake in shares of Skyworks Solutions during the 2nd quarter worth approximately $1,004,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

More Skyworks Solutions News

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.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. JPMorgan Chase & Co. reduced their price target on Skyworks Solutions from $74.00 to $65.00 and set a “neutral” rating for the company in a report on Wednesday, February 4th. Stifel Nicolaus reissued a “hold” rating and issued a $65.00 price target (down from $72.00) on shares of Skyworks Solutions in a report on Wednesday, February 4th. KeyCorp reduced their price target on Skyworks Solutions from $105.00 to $75.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. TD Cowen cut their price objective on Skyworks Solutions from $75.00 to $65.00 and set a “hold” rating on the stock in a research note on Wednesday, February 4th. Finally, Craig Hallum cut their price objective on Skyworks Solutions from $85.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, sixteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $70.28.

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.