Skyworks Solutions (SWKS)
NASDAQ:SWKS
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Skyworks Solutions
(NASDAQ:SWKS)
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Rating:63Neutral
Price Target:
$77.00
▲(30.53% Upside)
Action:Reiterated
Date:06/13/26
SWKS scores in the low-to-mid 60s primarily due to pressured financial performance (material TTM revenue decline and margin compression, weakening FCF) despite a strong balance sheet. The latest earnings call was a positive offset (beats, broad-markets growth, large Android design win, and merger synergy potential), while technicals are mixed/neutral and valuation is held back by a ~30x P/E even with a ~3.9% dividend yield.
Positive Factors
Conservative Balance Sheet
Low leverage and roughly $5.8B of equity provide durable financial flexibility through semiconductor cycles. This conservatism supports dividend payments, funds R&D/capex, enables opportunistic M&A financing (e.g., Qorvo) and reduces refinancing risk, preserving strategic optionality over months.
Negative Factors
Material Revenue and Margin Downturn
A ~23% TTM revenue decline and net margin compression to ~9% reflect weakened volumes, pricing pressure and lost operating leverage. Persistent declines strain free cash flow and ROE, reduce reinvestment capacity for R&D and capex, and make it harder to absorb input-cost inflation over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Low leverage and roughly $5.8B of equity provide durable financial flexibility through semiconductor cycles. This conservatism supports dividend payments, funds R&D/capex, enables opportunistic M&A financing (e.g., Qorvo) and reduces refinancing risk, preserving strategic optionality over months.
Read all positive factors
Skyworks Solutions Key Performance Indicators (KPIs)
Any
Revenue by Geography
Shows the share of sales coming from each region (for example, Asia/China, North America, Europe), revealing where Skyworks earns its revenue and how exposed it is to regional demand swings, trade restrictions, or currency moves. Heavy concentration in China or other mobile-centric markets can amplify cyclical risk tied to smartphones, while rising sales in automotive, industrial, or IoT markets in North America and Europe point to diversification and more stable long-term growth.
Shows the share of sales coming from each region (for example, Asia/China, North America, Europe), revealing where Skyworks earns its revenue and how exposed it is to regional demand swings, trade restrictions, or currency moves. Heavy concentration in China or other mobile-centric markets can amplify cyclical risk tied to smartphones, while rising sales in automotive, industrial, or IoT markets in North America and Europe point to diversification and more stable long-term growth.
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The Fly
The FlySkyworks Solutions (SWKS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$10.90B
Dividend Yield4.37%
Average Volume (3M)5.27M
Price to Earnings (P/E)30.1
Beta (1Y)1.41
Revenue Growth2.33%
EPS Growth-6.12%
CountryUS
Employees10,100
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)2.42
Shares Outstanding150,405,960
10 Day Avg. Volume5,269,086
30 Day Avg. Volume5,270,036
Financial Highlights & Ratios
PEG Ratio-1.47
Price to Book (P/B)2.07
Price to Sales (P/S)2.91
P/FCF Ratio10.77
Enterprise Value/Market Cap0.92
Enterprise Value/Revenue2.48
Enterprise Value/Gross Profit6.03
Enterprise Value/Ebitda11.68
Forecast
1Y Price Target
$72.25Price Target Upside22.48% Upside
Rating ConsensusHold
Number of Analyst Covering13
EPS Forecast (FY)5
Revenue Forecast (FY)$3.92B
Skyworks Solutions Business Overview & Revenue Model
Company Description
Skyworks Solutions, Inc., operating with its various subsidiaries, is engaged in the development, production, and global distribution of its proprietary semiconductor technologies, including associated intellectual property. Its market presence sp...
How the Company Makes Money
Skyworks makes money primarily by selling semiconductor components and modules to original equipment manufacturers (OEMs) and their manufacturing partners for use in end products. Its core revenue stream comes from RF front-end content designed in...
Skyworks Solutions Earnings Call Summary
Earnings Call Date:May 05, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Aug 05, 2026
Earnings Call Sentiment Positive
The call communicated a largely positive operational and strategic picture: revenue and EPS beat, strong cash position and dividend, meaningful multigenerational Android design win (> $1B through 2030), robust broad market momentum (nine quarters of growth, +double-digit YoY) and progress on the Qorvo transaction with $500M+ synergies targeted. Offsetting items include near-term input cost pressures, customer concentration (~60% of revenue), seasonal Q3 guidance implying lower EPS (~$1.03 vs $1.15), and regulatory timing risk on the merger. Overall, the positives (beats, large design win, product roadmap, broad-market growth and merger upside) outweigh the manageable near-term headwinds and risks.Positive Updates
Revenue and EPS Beat
Reported revenue of $944 million, approximately $20 million above the high end of guidance; diluted EPS of $1.15, above guidance.
Negative Updates
Input Cost Pressures
Management cited increasing input costs (expedite fees, rising gold prices) as a modest headwind to gross margin and noted selective customer price increases; long-life cost pressures are being managed but present near-term margin risk.
Read all updates
Q2-2026 Updates
Positive
Negative
Revenue and EPS Beat
Reported revenue of $944 million, approximately $20 million above the high end of guidance; diluted EPS of $1.15, above guidance.
Read all positive updates
Company Guidance
For Q3 FY2026 Skyworks guided revenue of $900–$950 million (midpoint $925M), with mobile expected to decline low-single-digits sequentially and broad markets forecast to be roughly 43% of sales—up high-single-digits year‑over‑year and modestly sequentially; gross margin is projected at about 44.5%–45.5% (flat sequentially versus a historical ~70 basis‑point Q2→Q3 dip), operating expenses of $235–245 million, other expense of roughly $4 million, an effective tax rate of 10%, and a diluted share count of ~151 million, which at the midpoint implies diluted EPS of approximately $1.03.Skyworks Solutions Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
74
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.04B | 4.09B | 4.18B | 4.77B | 5.49B | 5.11B |
| Gross Profit | 1.66B | 1.68B | 1.72B | 2.11B | 2.60B | 2.51B |
| EBITDA | 857.40M | 1.02B | 1.12B | 1.76B | 2.21B | 2.05B |
| Net Income | 361.20M | 477.10M | 596.00M | 982.80M | 1.28B | 1.50B |
Balance Sheet | ||||||
| Total Assets | 7.90B | 7.92B | 8.28B | 8.43B | 8.87B | 8.59B |
| Cash, Cash Equivalents and Short-Term Investments | 1.42B | 1.37B | 1.56B | 734.40M | 586.30M | 1.02B |
| Total Debt | 996.60M | 1.20B | 1.20B | 1.51B | 2.41B | 2.41B |
| Total Liabilities | 2.13B | 2.16B | 1.95B | 2.34B | 3.40B | 3.29B |
| Stockholders Equity | 5.77B | 5.76B | 6.34B | 6.08B | 5.47B | 5.30B |
Cash Flow | ||||||
| Free Cash Flow | 697.00M | 1.11B | 1.67B | 1.62B | 914.90M | 1.12B |
| Operating Cash Flow | 960.00M | 1.30B | 1.82B | 1.86B | 1.42B | 1.77B |
| Investing Cash Flow | -161.80M | -234.00M | -355.90M | -224.40M | -378.90M | -3.13B |
| Financing Cash Flow | -772.70M | -1.27B | -819.00M | -1.48B | -1.36B | 1.68B |
Skyworks Solutions Technical Analysis
Positive
58.99
Price Trends
68.98
Positive
62.99
Positive
65.70
Positive
Market Momentum
0.55
Positive
49.53
Neutral
18.55
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SWKS, the sentiment is Positive. The current price of 58.99 is below the 20-day moving average (MA) of 76.08, below the 50-day MA of 68.98, and below the 200-day MA of 65.70, indicating a neutral trend. The MACD of 0.55 indicates Positive momentum. The RSI at 49.53 is Neutral, neither overbought nor oversold. The STOCH value of 18.55 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SWKS.
Skyworks Solutions Risk Analysis
Skyworks Solutions disclosed 32 risk factors in its most recent earnings report. Skyworks Solutions reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Skyworks Solutions Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $15.27B | 66.30 | 17.44% | ― | 19.12% | 10.38% | |
75 Outperform | $21.06B | 1,057.95 | 2.79% | ― | 17.45% | -61.07% | |
72 Outperform | $29.86B | 166.20 | 13.19% | ― | 27.05% | ― | |
67 Neutral | $27.26B | 102.94 | 6.74% | 0.47% | -0.25% | -15.17% | |
64 Neutral | $8.66B | 26.61 | 9.69% | ― | -1.09% | 515.86% | |
63 Neutral | $10.90B | 30.15 | 6.30% | 4.37% | 2.33% | -6.12% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
SWKS
Skyworks Solutions
72.45
2.42
3.45%
ENTG
Entegris
178.77
103.08
136.19%
LSCC
Lattice Semiconductor
153.72
104.03
209.36%
MTSI
MACOM Technology Solutions Holdings
391.41
252.76
182.30%
RMBS
Rambus
141.17
81.17
135.28%
QRVO
Qorvo
98.42
17.50
21.63%
Skyworks Solutions Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Skyworks Reports Strong Participation in Qorvo Notes Exchange
Positive
Jun 12, 2026
On June 11, 2026, Skyworks reported strong early participation in its exchange offers and related consent solicitations for Qorvo’s 4.375% senior notes due 2029 and 3.375% senior notes due 2031, with approximately 89.42% and 93.05% of the re...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Skyworks Launches Exchange Offers for Qorvo Senior Notes
Positive
May 20, 2026
On May 20, 2026, Skyworks Solutions announced it has launched exchange offers for all of Qorvo’s outstanding 4.375% senior notes due 2029 and 3.375% senior notes due 2031, offering up to $850 million and $700 million, respectively, of new Sk...
Business Operations and StrategyFinancial DisclosuresM&A TransactionsRegulatory Filings and Compliance
Skyworks Solutions Plans Merger to Acquire Qorvo Subsidiary
Positive
May 20, 2026
On October 27, 2025, Skyworks Solutions, Inc. signed a merger agreement with fellow semiconductor maker Qorvo, Inc., structuring the deal through two successive mergers that will ultimately make Qorvo a wholly owned subsidiary. Under the planned t...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Skyworks shareholders approve LTIP amid pay concerns
Negative
May 19, 2026
At its May 13, 2026 annual meeting, Skyworks Solutions’ shareholders approved the company’s 2026 Long-Term Incentive Plan, while electing nine directors, including Alan S. Batey and Christine King, to serve until the next annual meetin...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.