Financial Performance - Net revenue for the three months ended January 2, 2026, was $1,035.4 million, a decrease of 3.5% compared to $1,068.5 million for the same period in 2024[10] - Gross profit for the same period was $427.2 million, down from $441.9 million, reflecting a gross margin of approximately 41.2%[10] - Operating income decreased to $103.8 million from $181.1 million, indicating a decline of 42.7% year-over-year[10] - Net income for the quarter was $79.2 million, a significant drop of 51.1% compared to $162.0 million in the prior year[10] - Basic earnings per share (EPS) was $0.53, down from $1.01, representing a decline of 47.5%[10] - Revenue from the United States was $805.7 million, down 4.8% from $846.7 million in the prior year[31] - Gross profit margin decreased to 41.3% for the three months ended January 2, 2026, down from 41.4% in the prior year[83] - Operating income fell to 10.0% of net revenue for the three months ended January 2, 2026, compared to 17.0% in the same period last year[83] - Net income margin decreased to 7.7% for the three months ended January 2, 2026, down from 15.2% for the same period in fiscal 2025[83] Cash and Liquidity - Cash and cash equivalents increased to $1,550.4 million from $1,161.3 million, showing a growth of 33.5%[15] - The company reported net cash provided by operating activities of $395.5 million, an increase from $377.2 million in the previous year[17] - Cash, cash equivalents, and marketable securities totaled $1,568.6 million as of January 2, 2026, an increase of $180.2 million from October 3, 2025[117] - The company expects cash, cash equivalents, and marketable securities, along with cash generated from operations, to be sufficient to fund short-term and long-term liquidity requirements[120] Assets and Liabilities - Total assets decreased slightly to $7,867.9 million from $7,917.0 million, a reduction of 0.6%[15] - Total liabilities decreased to $2,109.0 million from $2,159.9 million, reflecting a decline of 2.3%[15] - The Company’s total other current assets increased to $378.4 million as of January 2, 2026, compared to $350.0 million as of October 3, 2025[67] - The Company’s total other current liabilities rose to $457.6 million as of January 2, 2026, compared to $407.1 million as of October 3, 2025[67] Expenses - Research and development expenses increased to 19.6% of net revenue for the three months ended January 2, 2026, compared to 16.5% in the prior year[83] - Selling, general, and administrative expenses rose by 31.2% to $108.4 million, accounting for 10.5% of net revenue, compared to $82.6 million in the same period last year[103] - Restructuring, impairment, and other charges increased significantly by 612.5% to $11.4 million, representing 1.1% of net revenue, compared to $1.6 million in the prior year[106] - Share-based compensation expense totaled $57.7 million for the three months ended January 2, 2026, compared to $51.1 million for the same period in the previous year, representing an increase of approximately 13%[65] Taxation - The provision for income taxes for the three months ended January 2, 2026, was $30.5 million, with an effective tax rate of 27.8%[46] - The company recorded a provision for income taxes of $30.5 million for the three months ended January 2, 2026, reflecting a 7.4% increase from $28.4 million in the prior year[109] Stock and Dividends - The Company declared a cash dividend of $0.71 per share, payable on March 17, 2026, to stockholders of record as of February 24, 2026[63] - The Company has a stock repurchase program authorized for up to $2.0 billion, with approximately $1.2 billion remaining available as of January 2, 2026[60][61] - The company repurchased a total of 621,305 shares of common stock during the three months ended January 2, 2026, at an average price of $62.78 per share[137] - The company's net share repurchases are subject to a 1% excise tax under the Inflation Reduction Act, which reduces the amount available under the stock repurchase program[138] Mergers and Acquisitions - The Company has entered into a merger agreement with Qorvo, Inc., with a combined enterprise value of approximately $22.0 billion, expected to close early in calendar year 2027[68] - The Exchange Ratio in the Merger Agreement is set at 0.960 shares of Skyworks common stock and $32.50 in cash for each share of Qorvo common stock[86] - The company is involved in a merger agreement with Qorvo, Inc., and Comet Acquisition Corp., dated October 27, 2025[140] Internal Controls and Compliance - As of January 2, 2026, the company's disclosure controls and procedures were evaluated as effective at the reasonable assurance level by the CEO and CFO[132] - There were no changes to the internal control over financial reporting during the first quarter of fiscal 2026 that materially affected or are likely to materially affect the internal control over financial reporting[133] Market and Risk Factors - The company experienced a decrease in market share at a significant customer, partially offset by increased demand for Wi-Fi products[96] - The company has identified risk factors that could materially affect its business and financial condition, as discussed in the 2025 10-K report[136] - The company has not disclosed any new product or technology developments in the provided content[130] - There are no significant legal proceedings affecting the company as referenced in the financial statements[135]

Craig-Hallum lowered the firm’s price target on Skyworks (SWKS) to $75 from $85 and keeps a Buy rating on the shares. The firm highlights Skyworks’ execution as stronger smartphone unit volumes and mix shift geared towards content is driving higher results. The company beat the quarter and guided above the Street as their Broad Markets segment continues to see demand across all end markets. Management noted they expect 2026 blended mobile content to be flat year-over-year as they defended their key mobile ...

Core Insights - Skyworks Solutions (SWKS) reported first-quarter fiscal 2026 non-GAAP earnings of $1.54 per share, exceeding the Zacks Consensus Estimate by 10.20% but down 3.8% year over year [1] - Revenues for the quarter were $1.04 billion, a decrease of 3.1% year over year, yet surpassing the consensus estimate by 3.68% [1] - SWKS shares increased by 0.46% in pre-market trading [1] Revenue Breakdown - Mobile revenues accounted for nearly 62% of total revenues, with the largest customer contributing approximately 67% of revenues in the reported quarter [2] - Broad Markets, which includes edge IoT, automotive, industrial, infrastructure, and cloud, experienced a sequential growth of 4% and an 11% year-over-year increase, driven by sectors such as edge IoT, automotive, and data center [2] Operating Performance - The non-GAAP gross margin for the first quarter was 46.6%, up 10 basis points year over year [3] - Research & development expenses rose by 310 basis points year over year to 19.6% of revenues [3] - Selling, general, and administrative expenses increased by 270 basis points to 10.5% in the reported quarter [3] - Non-GAAP operating margin contracted by 230 basis points year over year to 24.3% [3] Financial Position - As of January 2, 2026, cash and cash equivalents along with marketable securities totaled $1.57 billion, up from $1.39 billion as of October 3, 2025 [4] - Long-term debt was reported at $996.2 million, a slight increase from the previous quarter [4] - Cash generated by operating activities was $395.5 million, compared to $200 million in the prior quarter [4] - Free cash flow reached $339 million, resulting in a free cash flow margin of 32.7% [4] Future Guidance - For the second quarter of fiscal 2026, the company anticipates revenues between $875 million and $925 million [5] - A sequential decline of approximately 20% in Mobile revenues is expected, while Broad Markets are projected to remain flat sequentially, representing 44% of revenue, with a high single-digit year-over-year increase [5] - Gross margin is forecasted to be between 44.5% and 45.5%, with operating expenses estimated between $230 million and $240 million [5]

Irvine, California-based Skyworks Solutions, Inc. (SWKS) develops, manufactures, and markets analog and mixed-signal semiconductor products and solutions. Valued at a market cap of $8.4 billion, the company’s products are used in aerospace, automotive, broadband, smartphone, defense, entertainment and gaming, industrial, and wearables applications. This semiconductor company has significantly lagged behind the broader market over the past 52 weeks. Shares of SWKS have declined 34.4% over this time frame, ...

Skyworks Solutions (SWKS) came out with quarterly earnings of $1.54 per share, beating the Zacks Consensus Estimate of $1.4 per share. This compares to earnings of $1.6 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +10.20%. A quarter ago, it was expected that this chipmaker would post earnings of $1.45 per share when it actually produced earnings of $1.76, delivering a surprise of +21.38%.Over the last four quarters, the com ...

Skyworks Solutions (NasdaqGS:SWKS) Q1 2026 Earnings call February 03, 2026 04:30 PM ET Company ParticipantsPhilip Brace - CEO and PresidentPhilip Carter - CFO and SVPRaji Gill - Head of Investor RelationsConference Call ParticipantsChristopher Rolland - AnalystEdward Snyder - AnalystGary Mobley - AnalystHarsh Kumar - AnalystJim Schneider - AnalystKarl Ackerman - AnalystLiam Pharr - AnalystPeter Peng - AnalystTimothy Arcuri - AnalystOperatorGood afternoon, and welcome to Skyworks Solutions' first quarter fis ...

Skyworks Solutions (NasdaqGS:SWKS) Q1 2026 Earnings call February 03, 2026 04:30 PM ET Company ParticipantsPhilip Brace - CEO and PresidentPhilip Carter - CFO and SVPRaji Gill - Head of Investor RelationsConference Call ParticipantsChristopher Rolland - AnalystEdward Snyder - AnalystGary Mobley - AnalystHarsh Kumar - AnalystJim Schneider - AnalystKarl Ackerman - AnalystLiam Pharr - AnalystPeter Peng - AnalystTimothy Arcuri - AnalystOperatorGood afternoon, and welcome to Skyworks Solutions' first quarter fis ...

Skyworks Solutions (NasdaqGS:SWKS) Q1 2026 Earnings call February 03, 2026 04:30 PM ET Speaker0Good afternoon, and welcome to Skyworks Solutions' first quarter fiscal year 2026 earnings call. This call is being recorded. At this time, I will turn the call over to Raji Gill, Vice President of Investor Relations for Skyworks. Mr. Gill, please go ahead.Speaker3Thank you, operator. Good afternoon, everyone, and welcome to Skyworks' first fiscal quarter 2026 conference call. With me today for our prepared remark ...

Skyworks Solutions forecast second-quarter earnings above estimates on Tuesday, signaling strong demand for its chips used in 5G phones. ...

Exhibit 99.1 Media Relations: Constance Griffiths (949) 230-4867 Constance.Griffiths@skyworksinc.com Investor Relations: Raji Gill (949) 508-0973 Raji.Gill@skyworksinc.com Skyworks Delivers Strong Q1 FY26 Performance Driven by Mobile and Broad Markets IRVINE, Calif., Feb. 3, 2026 – Skyworks Solutions, Inc. (Nasdaq: SWKS), a leading developer, manufacturer and provider of analog and mixed-signal semiconductors and solutions for numerous applications, today reported first fiscal quarter results for the period ...