Skyworks Solutions (SWKS) AI Stock Analysis

• Market Cap: $8.19B
• Dividend Yield: 4.37%
• Average Volume (3M): 3.08M
• Price to Earnings (P/E): 30.4
• Beta (1Y): 1.50
• Revenue Growth: -2.18%
• EPS Growth: -16.84%
• Country: US
• Employees: 10,100
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): 1.54
• Shares Outstanding: 150,373,610
• 10 Day Avg. Volume: 3,369,524
• 30 Day Avg. Volume: 3,076,469
• PEG Ratio: -1.47
• Price to Book (P/B): 2.07
• Price to Sales (P/S): 2.91
• P/FCF Ratio: 10.77
• Enterprise Value/Market Cap: 0.96
• Enterprise Value/Revenue: 1.93
• Enterprise Value/Gross Profit: 4.70
• Enterprise Value/Ebitda: 8.35
• 1Y Price Target: $63.85
• Price Target Upside: 17.29% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 16
• EPS Forecast (FY): 4.7
• Revenue Forecast (FY): $3.76B

• Rating: 64 Neutral
• Price Target: $57.00 ▲(4.70% Upside)
• Action: Reiterated Date: 02/12/26
• Date: Action: Reiterated 02/12/26

The score is driven mainly by solid cash generation and a manageable balance sheet, offset by a clear deterioration in revenue/margins versus prior years. Technicals remain mixed with the stock below key longer-term moving averages, while valuation is supported by a strong dividend but constrained by a mid-20s P/E. The latest call was balanced: strong execution and Broad Markets momentum, but weaker near-term mobile guidance and concentration/supply/pricing risks.

Positive Factors

Cash Generation

Consistent TTM operating cash flow and sizable free cash flow provide durable internal funding for dividends, R&D, capital expenditures, and M&A. Cash conversion (~84% of net income) supports financial flexibility across semiconductor cycles and cushions near-term revenue volatility.

Broad Markets Momentum & Diversification

Repeated Broad Markets growth and expanding share of sales (Wi‑Fi7, automotive, edge IoT, data center) reduce reliance on mobile seasonality. Strong design wins and backlog in non-handset end markets underpin more stable revenue mix and higher-margin opportunities over multi-quarter cycles.

Strategic Combination & Synergy Potential

Planned merger with Qorvo could create structural scale, broaden product set and increase pricing/engineering leverage. Meaningful targeted synergies and higher combined gross margins, if achieved, would improve long-term profitability, R&D scale and competitive positioning in RF and connectivity markets.

Negative Factors

Revenue & Margin Deterioration

Material decline in revenue and compression of margins versus prior years signals weaker end-market demand and pricing/mix headwinds. Lower ROE (~8% TTM) and falling profitability reduce earnings power and could pressure cash flow and reinvestment capacity if the trend persists across multiple quarters.

Customer Concentration

Heavy revenue dependence on a single customer and mobile end market increases exposure to that customer's volume swings, pricing demands, and memory/cost pressures. This concentration limits negotiation leverage, amplifies revenue cyclicality, and raises execution risk over the medium term.

Transaction & Regulatory Risk

The Qorvo merger's regulatory reviews, cross‑border approvals and active shareholder litigation create material timing and execution risk. Delays, remedies or adverse rulings could postpone or reduce expected synergies, impose costs, and distract management from core operations during integration planning.

Skyworks Solutions Business Overview & Revenue Model

Company Description

Skyworks Solutions, Inc., together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, timing devices, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators. The company provides its products for use in the aerospace, automotive, broadband, cellular infrastructure, connected home, entertainment and gaming, industrial, medical, military, smartphone, tablet, and wearable markets. It sells its products through direct sales force, electronic component distributors, and independent sales representatives. The company was incorporated in 1962 and is headquartered in Irvine, California.

How the Company Makes Money

Skyworks makes money primarily by selling semiconductor products (RF and related analog/mixed-signal components) that are designed into customers’ devices and systems. Revenue is largely generated from (1) mobile business: supplying RF front-end modules and components used in smartphones and other cellular-enabled devices (e.g., power amplifiers and integrated modules that support multiple frequency bands and standards), where unit volumes are tied to customer device production and content per device depends on complexity and level of integration; and (2) broad markets: selling connectivity and analog products into non-handset applications such as automotive connectivity/telematics and infotainment, Wi‑Fi and networking equipment, connected home/IoT devices, industrial applications, and other embedded wireless systems. The company’s model depends on winning design slots with large OEMs and platform providers, then shipping components in high volume over a product cycle; pricing and margins are influenced by mix (module vs. discrete components), customer concentration, end-market demand, and the pace of technology transitions (e.g., new cellular standards and additional bands). Material factors that commonly contribute to earnings include long-term customer relationships, qualification/design-win processes that can create recurring shipments once designed in, and manufacturing/packaging/test capabilities and capacity management that support scale production. Specific named partnerships or customer-by-customer revenue breakdowns: null.

Skyworks Solutions Financial Statement Overview

Summary

Profitable and cash-generative with healthy TTM operating cash flow (~$1.32B) and free cash flow (~$1.09B), plus manageable leverage (debt-to-equity ~0.19–0.25 in recent annual periods). However, fundamentals have clearly weakened versus 2021–2023: sharp revenue contraction and margin compression (net margin ~11.7% vs ~20–29% previously; EBITDA margin ~24.9% vs ~36–40%), and ROE has cooled (~8% TTM).

Income Statement

Profitability remains solid in TTM (Trailing-Twelve-Months), with gross margin ~41% and net margin ~11.7%, but the earnings profile has weakened versus prior years (net margin ~20–29% in 2021–2023). Revenue has been under pressure, with a sharp contraction in TTM (Trailing-Twelve-Months) revenue growth (-81%) and declines across recent annual periods as well, which is consistent with the step-down in operating profitability (EBITDA margin ~24.9% vs ~36–40% in 2022–2023). Overall: still profitable, but the trend is clearly negative and raises concern about demand recovery timing.

Balance Sheet

Leverage looks manageable for a semiconductor name: debt-to-equity sits around ~0.19–0.25 in recent annual periods, down materially from the ~0.49 level in 2022, supporting balance-sheet flexibility. Total assets have been broadly stable (~$7.9–$8.9B range). Return on equity has cooled meaningfully (about ~8% in TTM (Trailing-Twelve-Months) vs ~16–28% in 2021–2023), signaling weaker efficiency and profitability rather than balance-sheet stress. Note: TTM (Trailing-Twelve-Months) shows missing/zero values for total debt and equity while still reporting leverage ratios, so TTM balance-sheet line items should be interpreted with caution.

Cash Flow

Cash generation is a relative strength: TTM (Trailing-Twelve-Months) operating cash flow (~$1.32B) and free cash flow (~$1.09B) are healthy, with modest free-cash-flow growth (+7.3%). Free cash flow tracks net income reasonably well (free cash flow at ~84% of net income in TTM (Trailing-Twelve-Months)), indicating earnings are converting to cash. The main weakness is volatility: free cash flow growth swung sharply negative in the latest annual period (-33.7%) after a very strong prior-year increase, and cash flow support versus net income is not consistently strong across years.

Breakdown	TTM	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021
Income Statement
Total Revenue	4.05B	4.09B	4.18B	4.77B	5.49B	5.11B
Gross Profit	1.67B	1.68B	1.72B	2.11B	2.60B	2.51B
EBITDA	937.10M	1.02B	1.12B	1.76B	2.21B	2.05B
Net Income	394.30M	477.10M	596.00M	982.80M	1.28B	1.50B
Balance Sheet
Total Assets	7.87B	7.92B	8.28B	8.43B	8.87B	8.59B
Cash, Cash Equivalents and Short-Term Investments	1.56B	1.37B	1.56B	734.40M	586.30M	1.02B
Total Debt	1.19B	1.20B	1.20B	1.51B	2.41B	2.41B
Total Liabilities	2.11B	2.16B	1.95B	2.34B	3.40B	3.29B
Stockholders Equity	5.76B	5.76B	6.34B	6.08B	5.47B	5.30B
Cash Flow
Free Cash Flow	1.09B	1.11B	1.67B	1.62B	914.90M	1.12B
Operating Cash Flow	1.32B	1.30B	1.82B	1.86B	1.42B	1.77B
Investing Cash Flow	-102.50M	-234.00M	-355.90M	-224.40M	-378.90M	-3.13B
Financing Cash Flow	-1.27B	-1.27B	-819.00M	-1.48B	-1.36B	1.68B

Skyworks Solutions Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 54.44
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SWKS, the sentiment is Negative. The current price of 54.44 is below the 20-day moving average (MA) of 56.43, below the 50-day MA of 57.83, and below the 200-day MA of 67.17, indicating a bearish trend. The MACD of -1.44 indicates Positive momentum. The RSI at 37.54 is Neutral, neither overbought nor oversold. The STOCH value of 38.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SWKS.

Skyworks Solutions Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LSCC	73 Outperform	$12.12B	3,496.18	0.44%	―	-12.03%	-80.99%
ENTG	66 Neutral	$17.43B	54.25	6.12%	0.47%	0.59%	25.65%
MTSI	66 Neutral	$16.42B	67.11	12.60%	―	32.58%	-173.04%
RMBS	65 Neutral	$9.88B	42.96	18.29%	―	31.05%	30.35%
SWKS	64 Neutral	$8.19B	30.39	6.83%	4.37%	-2.18%	-16.84%
QRVO	64 Neutral	$7.25B	12.18	9.71%	―	-7.22%	―
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Skyworks Solutions Corporate Events

Skyworks Shareholders Approve Stock Issuance for Qorvo Merger

At a special meeting of stockholders held on February 11, 2026, Skyworks Solutions’ shareholders approved the issuance of Skyworks common stock required to complete its planned merger transaction with Qorvo under the October 27, 2025 Agreement and Plan of Merger. The vote was decisive, with approximately 81% of outstanding shares represented, signaling strong investor support for the combination and reinforcing Skyworks’ strategic push to scale in the semiconductor and RF markets.

A related proposal to adjourn the special meeting, if needed, also received sufficient support but was ultimately unnecessary because quorum and approval thresholds for the stock issuance were met. Completion of the merger remains contingent on regulatory and other customary closing conditions, meaning antitrust and foreign investment reviews, as well as the absence of any material adverse developments at either Skyworks or Qorvo, will determine the timing and final outcome for stakeholders.

The most recent analyst rating on (SWKS) stock is a Hold with a $69.00 price target. To see the full list of analyst forecasts on Skyworks Solutions stock, see the SWKS Stock Forecast page.

Skyworks Issues Supplemental Disclosures Amid Qorvo Merger Lawsuits

On October 27, 2025, Skyworks Solutions signed a merger agreement to acquire fellow RF and semiconductor manufacturer Qorvo through a two-step merger structure that will ultimately make Qorvo a wholly owned Skyworks subsidiary, and the companies are moving toward shareholder votes scheduled for February 11, 2026 after the SEC declared their joint registration and proxy materials effective on December 23, 2025. Following the merger announcement, two lawsuits were filed in New York state court in January 2026 and several stockholder demand letters were sent to both Skyworks and Qorvo, alleging disclosure deficiencies in their joint proxy statement/prospectus and seeking additional information, injunctive relief and damages; while both companies deny any wrongdoing and maintain their disclosures already comply with applicable law, they are voluntarily issuing detailed supplemental disclosures on financial projections, valuation analyses and executive compensation in an effort to avoid delays, manage litigation risk and provide additional transparency to investors ahead of the merger votes.

The most recent analyst rating on (SWKS) stock is a Hold with a $56.00 price target. To see the full list of analyst forecasts on Skyworks Solutions stock, see the SWKS Stock Forecast page.