Skyworks price target raised to $85 from $75 at KeyBanc

KeyBanc analyst John Vinh raised the firm’s price target on Skyworks (SWKS) to $85 from $75 and keeps an Overweight rating on the shares. The firm notes the company posted strong Q2 results and Q3 guidance, which were solidly above expectations. Upside was driven by strong Apple (AAPL) iPhone sell-through and Broad Markets to a lesser extent. Key takes include new design wins on Android through 2030 est at $1B in revenue; expectation of Qorvo (QRVO) acquisition to close in the second half of 2026 vs. early 2027; and reiteration of expectations for flat iPhone 18 content and normal seasonality in the second half of the year despite concerns of a staggered launch. The firm is encouraged by these results.