Skyworks Solutions (SWKS) AI Stock Analysis

• Market Cap: $8.46B
• Dividend Yield: 4.37%
• Average Volume (3M): 3.95M
• Price to Earnings (P/E): 30.4
• Beta (1Y): 1.51
• 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: 2,924,137
• 30 Day Avg. Volume: 3,951,609
• 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: 2.00
• Enterprise Value/Gross Profit: 4.87
• Enterprise Value/Ebitda: 8.67
• 1Y Price Target: $63.85
• Price Target Upside: 9.80% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 16
• EPS Forecast (FY): 4.7
• Revenue Forecast (FY): $3.76B

• Rating: 64 Neutral
• Price Target: $66.00 ▲(13.50% 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

Sustained, sizable operating and free cash flow provides durable internal funding for R&D, dividends, and working capital through semiconductor cycles. High FCF conversion (≈84% of net income) supports capital allocation flexibility and resilience over the next several quarters.

Manageable leverage and liquidity

Lower leverage and meaningful cash balances reduce refinancing and solvency risk, enabling investment and M&A optionality. The strengthened balance sheet increases strategic flexibility to fund product development, absorb cyclical revenue shocks, and support the announced combination.

Broad Markets & data center momentum

Diversified growth outside mobile—across edge IoT, Wi‑Fi 7, and data center timing/power—reduces reliance on seasonal handset demand. Higher‑margin data center design wins and backlog support more stable revenue mix and margin improvement potential over 2–6 months.

Negative Factors

Customer concentration

Extremely high revenue dependence on one customer and on mobile content creates persistent concentration risk: bargaining leverage, pricing pressure, and demand swings from that customer can materially impact revenue and margins, limiting predictability and strategic independence.

Revenue and margin deterioration

Material compression in revenue and profitability versus recent years signals weaker demand and margin pressure. Reduced margins and cooling ROE erode long‑term earnings power and constrain reinvestment capacity, making recovery timing and sustainable margin restoration uncertain.

Merger regulatory and litigation risk

Ongoing lawsuits and expected comprehensive regulatory review of the Qorvo combination create execution risk and potential delays. These outcomes can defer synergy capture, increase integration costs, and introduce strategic uncertainty that affects multi‑quarter planning and capital allocation.

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 Solutions generates revenue primarily through the sale of its semiconductor products to original equipment manufacturers (OEMs) and other technology companies. The company has established key partnerships with industry leaders in the mobile and IoT sectors, which significantly contributes to its revenue. Major revenue streams include sales of RF front-end modules, power amplifiers, and filter products that are used in smartphones, tablets, and other connected devices. Additionally, Skyworks benefits from the ongoing demand for 5G technology and the increasing integration of wireless communication features in automotive and industrial applications, which further fuels its earnings.

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: 58.15
• 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 58.15 is below the 20-day moving average (MA) of 59.87, below the 50-day MA of 60.06, and below the 200-day MA of 68.04, indicating a bearish trend. The MACD of -0.23 indicates Positive momentum. The RSI at 43.53 is Neutral, neither overbought nor oversold. The STOCH value of 31.05 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	$12.79B	4,288.07	0.43%	―	-12.03%	-80.99%
MTSI	73 Outperform	$18.08B	67.11	12.95%	―	32.58%	-173.04%
ENTG	66 Neutral	$19.61B	54.25	6.16%	0.47%	0.59%	25.65%
RMBS	65 Neutral	$9.44B	42.96	18.55%	―	31.05%	30.35%
SWKS	64 Neutral	$8.46B	30.39	6.49%	4.37%	-2.18%	-16.84%
QRVO	64 Neutral	$7.53B	22.36	9.62%	―	-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.

Skyworks Solutions Approves 2026 Executive Incentive Plan

On December 11, 2025, Skyworks Solutions‘ Compensation and Talent Committee approved the Fiscal Year 2026 Executive Incentive Plan. This plan outlines cash incentive awards for senior management based on achieving specific corporate performance metrics during the 2026 fiscal year. The plan sets minimum performance metrics and allows for awards up to twice the target amount if the company exceeds its goals. The plan impacts key executives, including the CEO and CFO, with potential awards tied to their base salaries. The committee also retains discretion to issue common stock instead of cash for these awards.

The most recent analyst rating on (SWKS) stock is a Hold with a $88.00 price target. To see the full list of analyst forecasts on Skyworks Solutions stock, see the SWKS Stock Forecast page.

Skyworks Solutions Extends Revolving Credit Agreement

On November 18, 2025, Skyworks Solutions, Inc. announced a Second Amendment to its Revolving Credit Agreement with JPMorgan Chase Bank, extending the maturity date to November 18, 2030. This amendment is expected to enhance the company’s financial flexibility and support its strategic initiatives, potentially impacting its market positioning and stakeholder interests positively.

The most recent analyst rating on (SWKS) stock is a Hold with a $65.00 price target. To see the full list of analyst forecasts on Skyworks Solutions stock, see the SWKS Stock Forecast page.

Skyworks Solutions Adopts Executive Severance Plan

On November 11, 2025, Skyworks Solutions‘ Board of Directors adopted a Severance and Change in Control Benefits Plan for senior executives, excluding the CEO. This plan outlines severance benefits for executives terminated without cause or for good reason around a change in control event. The plan includes lump-sum payments, continuation of health benefits, and accelerated vesting of equity awards. It aims to provide financial security and retain key executives during transitions, potentially impacting the company’s stability and stakeholder confidence.

The most recent analyst rating on (SWKS) stock is a Hold with a $76.00 price target. To see the full list of analyst forecasts on Skyworks Solutions stock, see the SWKS Stock Forecast page.