Skyworks Solutions Exceeds Q1 2026 Earnings Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Should l Buy SWKS?
Source: seekingalpha
- Strong Financial Performance: Skyworks reported $1.04 billion in revenue and $1.54 EPS for Q1 2026, exceeding expectations and demonstrating robust performance in both mobile and broad markets, particularly in edge computing and automotive sectors.
- Merger Strategy Progress: CEO Brace emphasized that the combination with Qorvo is expected to yield over $500 million in synergies, enhancing competitive positioning and expanding market opportunities in defense and aerospace, with integration on track for completion in early 2027.
- Cautious Future Outlook: CFO Carter provided Q2 2026 revenue guidance of $875 million to $925 million, anticipating a 20% sequential decline in mobile markets while broad markets remain flat, reflecting a focus on cost control and key R&D investments.
- Market Dynamics Analysis: While management maintains an optimistic view on long-term growth opportunities, they express caution regarding content and pricing pressures from major customers, highlighting supply chain tightness and uncertainty, which reflects a cautious stance on future demand.
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Analyst Views on SWKS
Wall Street analysts forecast SWKS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SWKS is 82.21 USD with a low forecast of 65.00 USD and a high forecast of 140.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
17 Analyst Rating
3 Buy
13 Hold
1 Sell
Hold
Current: 56.830
Low
65.00
Averages
82.21
High
140.00
Current: 56.830
Low
65.00
Averages
82.21
High
140.00
About SWKS
Skyworks Solutions, Inc. provides wireless networking services. The Company’s analog and mixed-signal semiconductors are connecting people, places, and things, spanning a number of new applications within the aerospace, automotive, broadband, cellular infrastructure, connected home, defense, entertainment and gaming, industrial, medical, smartphone, tablet, and wearable markets. It operates engineering, manufacturing, sales, and service facilities throughout Asia, Europe, and North America. The Company offers a range of products, such as Amplifiers, Attenuators, Diodes, Audio And Radio, Clocks And Timing, Front-End Modules, Isolation, Modems And DAAs, Optocouplers, Power Management, Power Over Ethernet, RF Passives, Television (TV) And Video, Switches, and Voice. Its engineering, marketing, operations, sales, and support facilities are located throughout Asia, Europe, and North America.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Skyworks Solutions Exceeds Q1 2026 Earnings Expectations
- Strong Financial Performance: Skyworks reported $1.04 billion in revenue and $1.54 EPS for Q1 2026, exceeding expectations and demonstrating robust performance in both mobile and broad markets, particularly in edge computing and automotive sectors.
- Merger Strategy Progress: CEO Brace emphasized that the combination with Qorvo is expected to yield over $500 million in synergies, enhancing competitive positioning and expanding market opportunities in defense and aerospace, with integration on track for completion in early 2027.
- Cautious Future Outlook: CFO Carter provided Q2 2026 revenue guidance of $875 million to $925 million, anticipating a 20% sequential decline in mobile markets while broad markets remain flat, reflecting a focus on cost control and key R&D investments.
- Market Dynamics Analysis: While management maintains an optimistic view on long-term growth opportunities, they express caution regarding content and pricing pressures from major customers, highlighting supply chain tightness and uncertainty, which reflects a cautious stance on future demand.
See More
Skyworks SWKS Q1 2026 Earnings Call Transcript
See More
Skyworks Solutions Q1 Earnings Beat Expectations
- Strong Earnings Performance: Skyworks Solutions reported a Q1 non-GAAP EPS of $1.54, beating expectations by $0.14, indicating robust profitability that is likely to positively impact stock prices.
- Slight Revenue Decline: The revenue of $1.04 billion, down 2.8% year-over-year, still exceeded market expectations by $40 million, demonstrating the company's resilience in a competitive market.
- Positive Stock Reaction: Following the earnings report, Skyworks Solutions shares rose by 2%, reflecting increased investor confidence in the company's financial health, which may attract more investor interest.
- Market Concentration Risk: While the company faces significant reliance on Apple, analysts expect this situation to improve, potentially providing new growth opportunities in the future.
See More
Skyworks Solutions Q1 Results Exceed Expectations
- Strong Earnings Beat: Skyworks Solutions reported an adjusted earnings per share of $1.54 for Q1, surpassing Wall Street's expectation of $1.40, despite a 3.1% year-over-year revenue decline to $1.04 billion, indicating robust profitability amid challenges.
- Mobile Business Resilience: CEO Phil Brace noted that the mobile segment exceeded expectations due to healthy sell-through and solid operational execution, highlighting the company's sustained competitiveness in the smartphone market, particularly during new product launches.
- Optimistic Future Guidance: Skyworks anticipates an adjusted earnings per share of $1.04 for Q2, with revenue projected between $875 million and $925 million, both exceeding analyst expectations of $0.96 and $867.79 million, reflecting confidence in future growth.
- Positive Market Reaction: Following the earnings report, Skyworks shares rose over 3% in after-hours trading, demonstrating investor recognition of the company's continued outperformance, which may further drive stock price appreciation.
See More
Dividend Stocks Gain Favor Amid Market Turbulence
- Market Safe Haven: Amid increasing market turbulence and uncertainty, many investors are turning to high dividend-yielding stocks, which typically possess strong free cash flows and reward shareholders with substantial dividends, thereby bolstering investor confidence.
- Analyst Ratings: Benzinga offers the latest analyst insights on high-yield stocks, allowing investors to visit the Analyst Stock Ratings page to access updated ratings on their favorite stocks, aiding them in making more informed investment decisions.
- High-Yield Stocks: In the information technology sector, HP Inc (NYSE:HPQ), Skyworks Solutions Inc (NASDAQ:SWKS), and Opera Ltd (NASDAQ:OPRA) are highlighted as three high-yield stocks attracting analyst attention, indicating their potential in the current market environment.
- Analyst Accuracy: Benzinga's database enables traders to sort ratings by analyst accuracy, providing a comprehensive tool for investors to identify the high-yield stocks that warrant attention, further driving market interest in these equities.
See More
Preview of the Review: Cast No Shadow
- Stock Market Performance: Stocks are experiencing a rise similar to January's performance, indicating positive investor sentiment.
- Influencing Factors: Fresh economic data and a strong upcoming earnings season are contributing to the optimistic outlook among investors.
See More
Skyworks Solutions Exceeds Q1 2026 Earnings Expectations
- Strong Financial Performance: Skyworks reported $1.04 billion in revenue and $1.54 EPS for Q1 2026, exceeding expectations and demonstrating robust performance in both mobile and broad markets, particularly in edge computing and automotive sectors.
- Merger Strategy Progress: CEO Brace emphasized that the combination with Qorvo is expected to yield over $500 million in synergies, enhancing competitive positioning and expanding market opportunities in defense and aerospace, with integration on track for completion in early 2027.
- Cautious Future Outlook: CFO Carter provided Q2 2026 revenue guidance of $875 million to $925 million, anticipating a 20% sequential decline in mobile markets while broad markets remain flat, reflecting a focus on cost control and key R&D investments.
- Market Dynamics Analysis: While management maintains an optimistic view on long-term growth opportunities, they express caution regarding content and pricing pressures from major customers, highlighting supply chain tightness and uncertainty, which reflects a cautious stance on future demand.
See More
Skyworks SWKS Q1 2026 Earnings Call Transcript
See More
Skyworks Solutions Q1 Earnings Beat Expectations
- Strong Earnings Performance: Skyworks Solutions reported a Q1 non-GAAP EPS of $1.54, beating expectations by $0.14, indicating robust profitability that is likely to positively impact stock prices.
- Slight Revenue Decline: The revenue of $1.04 billion, down 2.8% year-over-year, still exceeded market expectations by $40 million, demonstrating the company's resilience in a competitive market.
- Positive Stock Reaction: Following the earnings report, Skyworks Solutions shares rose by 2%, reflecting increased investor confidence in the company's financial health, which may attract more investor interest.
- Market Concentration Risk: While the company faces significant reliance on Apple, analysts expect this situation to improve, potentially providing new growth opportunities in the future.
See More
Skyworks Solutions Q1 Results Exceed Expectations
- Strong Earnings Beat: Skyworks Solutions reported an adjusted earnings per share of $1.54 for Q1, surpassing Wall Street's expectation of $1.40, despite a 3.1% year-over-year revenue decline to $1.04 billion, indicating robust profitability amid challenges.
- Mobile Business Resilience: CEO Phil Brace noted that the mobile segment exceeded expectations due to healthy sell-through and solid operational execution, highlighting the company's sustained competitiveness in the smartphone market, particularly during new product launches.
- Optimistic Future Guidance: Skyworks anticipates an adjusted earnings per share of $1.04 for Q2, with revenue projected between $875 million and $925 million, both exceeding analyst expectations of $0.96 and $867.79 million, reflecting confidence in future growth.
- Positive Market Reaction: Following the earnings report, Skyworks shares rose over 3% in after-hours trading, demonstrating investor recognition of the company's continued outperformance, which may further drive stock price appreciation.
See More
Dividend Stocks Gain Favor Amid Market Turbulence
- Market Safe Haven: Amid increasing market turbulence and uncertainty, many investors are turning to high dividend-yielding stocks, which typically possess strong free cash flows and reward shareholders with substantial dividends, thereby bolstering investor confidence.
- Analyst Ratings: Benzinga offers the latest analyst insights on high-yield stocks, allowing investors to visit the Analyst Stock Ratings page to access updated ratings on their favorite stocks, aiding them in making more informed investment decisions.
- High-Yield Stocks: In the information technology sector, HP Inc (NYSE:HPQ), Skyworks Solutions Inc (NASDAQ:SWKS), and Opera Ltd (NASDAQ:OPRA) are highlighted as three high-yield stocks attracting analyst attention, indicating their potential in the current market environment.
- Analyst Accuracy: Benzinga's database enables traders to sort ratings by analyst accuracy, providing a comprehensive tool for investors to identify the high-yield stocks that warrant attention, further driving market interest in these equities.
See More
Preview of the Review: Cast No Shadow
- Stock Market Performance: Stocks are experiencing a rise similar to January's performance, indicating positive investor sentiment.
- Influencing Factors: Fresh economic data and a strong upcoming earnings season are contributing to the optimistic outlook among investors.
See More
