SWKS
Skyworks Solutions, Inc.66.02
-0.35-0.53%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q1 '26
Broad markets tailwinds detailed; strong demand.
Q&A unpacked broad markets drivers like Wi-Fi 7 bandwidth for edge AI, automotive V2V/infotaiment, and data center power isolation with low-jitter clocks—segments outpacing the average. Management reaffirmed flat mobile content YoY amid model mix uncertainty, despite defending sockets and unit demand exceeding historical norms. Capacity is hand-to-mouth. No pricing pressure from top customer's memory issues, and buybacks remain an option with ample cash. Analysts' deal probes drew complementary portfolio praise but no new details. Bullish tone persists; watch broad markets ramp and mobile mix resolution.
Key Stats
Market Cap
9.90BP/E (TTM)
21.44Basic EPS (TTM)
3.08Dividend Yield
0.04%Recent Filings
8-K
Skyworks approves Qorvo merger stock
10-Q
Q1 FY2026 results
Skyworks posted Q1 FY2026 revenue of $1,035.4M, down 3.1% y/y from $1,068.5M yet stable q/q, with gross margin steady at 41.3%. Operating income fell to $103.8M from $181.1M y/y on higher R&D, SG&A tied to the pending Qorvo merger, and $11.4M restructuring charges, driving diluted EPS to $0.53 from $1.00 (reconciles to 150.5M shares). Cash swelled to $1,550.4M after $395.5M operating cash flow and $339.0M FCF (derived), supporting $106.4M dividends amid $996.2M debt (1.80% 2026/$500M, 3.00% 2031/$500M) and $750M revolver availability. Qorvo deal, announced Oct 2025 for $22.0B cash/stock (0.960 share + $32.50 cash per Qorvo share), faces FTC second request. Cash builds steadily. Patent suits pose injunction risks.
8-K
Q1 beat, dividend declared
Skyworks reported Q1 FY26 revenue of $1.035 billion, beating expectations on mobile strength and broad markets growth in Wi-Fi 7 and data centers, yet GAAP EPS fell to $0.53 from $1.00 year-ago. Board declared $0.71 per share dividend, payable March 17 to February 24 record holders. Q2 guides $875-925 million revenue, non-GAAP EPS $1.04 midpoint; mobile drops 20% sequentially.
8-K
FY2026 exec incentives approved
Skyworks approved its Fiscal Year 2026 Executive Incentive Plan on December 11, 2025, tying cash awards for senior management—including the CEO at 160% of base salary—to revenue and non-GAAP operating income targets. Payouts cap at 2x targets if exceeded; stock may substitute cash. Committee sets metrics upfront. Aligns exec pay to results.
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