Skyworks Solutions (SWKS)
NASDAQ:SWKS
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Skyworks Solutions
(NASDAQ:SWKS)
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Rating:64Neutral
Price Target:
$70.00
▲(18.66% Upside)
Action:ReiteratedDate:05/07/26
The score is driven primarily by mixed financial performance: strong cash generation and a manageable balance sheet are offset by sharp revenue weakness and margin compression. Technicals are moderately supportive with improving momentum, while valuation is a key drag due to the high P/E despite cyclical pressure. The latest earnings call adds a positive tilt from the beat, large Android win, and Qorvo synergy potential, tempered by near-term EPS step-down guidance and concentration/regulatory risks.
Positive Factors
Cash Generation
Consistent, sizable operating and free cash flow (OCF ~$1.32B; FCF ~$1.09B) demonstrates durable cash conversion and funds dividends, R&D, capex and M&A optionality. Strong cash generation cushions cyclical semiconductor demand and supports strategic investments over multiple quarters.
Negative Factors
Revenue & Margin Pressure
A pronounced revenue decline and lower margins (TTM revenue plunge and net margin down from prior 20–29% to ~11.7%) indicate weakening end-market demand and margin erosion. This reduces reinvestment capacity and ROE, and recovery may require several quarters of demand stabilization and product mix improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash Generation
Consistent, sizable operating and free cash flow (OCF ~$1.32B; FCF ~$1.09B) demonstrates durable cash conversion and funds dividends, R&D, capex and M&A optionality. Strong cash generation cushions cyclical semiconductor demand and supports strategic investments over multiple quarters.
Read all positive factors
Skyworks Solutions (SWKS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$9.77B
Dividend Yield4.37%
Average Volume (3M)3.00M
Price to Earnings (P/E)58.3
Beta (1Y)1.45
Revenue Growth2.33%
EPS Growth-6.12%
CountryUS
Employees10,100
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)2.61
Shares Outstanding150,405,960
10 Day Avg. Volume2,628,458
30 Day Avg. Volume2,996,680
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 Cap0.96
Enterprise Value/Revenue2.31
Enterprise Value/Gross Profit5.62
Enterprise Value/Ebitda9.99
Forecast
1Y Price Target
$72.25Price Target Upside22.48% Upside
Rating ConsensusHold
Number of Analyst Covering13
EPS Forecast (FY)4.72
Revenue Forecast (FY)$3.77B
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, A...
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 m...
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.
Data provided by:
The Fly
The FlySkyworks 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
58
Neutral
Balance Sheet
72
Positive
Cash Flow
70
Positive
| 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
Neutral
58.99
Price Trends
57.16
Positive
59.64
Negative
65.77
Negative
Market Momentum
0.53
Negative
63.57
Neutral
91.04
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SWKS, the sentiment is Neutral. The current price of 58.99 is above the 20-day moving average (MA) of 55.76, above the 50-day MA of 57.16, and below the 200-day MA of 65.77, indicating a neutral trend. The MACD of 0.53 indicates Negative momentum. The RSI at 63.57 is Neutral, neither overbought nor oversold. The STOCH value of 91.04 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | $14.06B | 38.82 | 17.44% | ― | 19.12% | 10.38% | |
75 Outperform | $17.15B | 148.97 | 0.44% | ― | 17.45% | -61.07% | |
73 Outperform | $23.24B | 67.11 | 12.60% | ― | 29.12% | ― | |
68 Neutral | $23.77B | 47.11 | 6.74% | 0.47% | -0.25% | -15.17% | |
65 Neutral | $8.25B | 21.13 | 9.69% | ― | -1.09% | 515.86% | |
64 Neutral | $9.77B | 58.25 | 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
64.97
0.49
0.76%
ENTG
Entegris
155.86
79.06
102.95%
LSCC
Lattice Semiconductor
125.19
76.01
154.55%
MTSI
MACOM Technology Solutions Holdings
309.81
190.15
158.91%
RMBS
Rambus
130.04
78.44
152.02%
QRVO
Qorvo
88.94
16.57
22.90%
Skyworks Solutions Corporate Events
Business Operations and StrategyM&A TransactionsShareholder Meetings
Skyworks Shareholders Approve Stock Issuance for Qorvo Merger
Positive
Feb 11, 2026
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 Agreeme...
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.