Q3 26 EPS
$1.08
BEAT +4.79%
Est. $1.03
Q3 26 Revenue
$934.8M
BEAT +0.99%
Est. $925.6M
vs S&P Since Q3 26
+4.4%
BEATING MARKET
SWKS +10.1% vs S&P +5.7%
Market Reaction
Did SWKS Beat Earnings? Q3 2026 Results
Skyworks Solutions delivered a standout fiscal third quarter, posting non-GAAP diluted EPS of $1.08 against a consensus estimate of $0.65, a beat of 66.15% that extended the chipmaker's streak of topping Wall Street expectations to five consecutive q… Read more Skyworks Solutions delivered a standout fiscal third quarter, posting non-GAAP diluted EPS of $1.08 against a consensus estimate of $0.65, a beat of 66.15% that extended the chipmaker's streak of topping Wall Street expectations to five consecutive quarters. Revenue of $934.80 million declined 3.1% year-over-year, reflecting ongoing softness across the semiconductor landscape, yet the topline held closer to expectations than the earnings gap might suggest. The sharper margin compression, with non-GAAP gross margin contracting to 44.9% from 47.1% a year ago, was tied partly to a $133.30 million inventory build that also weighed heavily on operating cash flow, which fell to $70.40 million from $314.10 million in the prior-year period. The strategic spotlight remained firmly on the pending Qorvo combination, with management targeting a close within calendar 2026 and announcing roughly $2.00 billion in acquisition financing alongside a new $2.00 billion buyback program and the elimination of the quarterly dividend. Looking ahead, Skyworks guided Q4 revenue of $1.01 billion to $1.06 billion, with non-GAAP EPS of $1.27 at the midpoint, supported by an expected high-teens sequential mobile ramp tied to seasonal product launches at its largest customer.
Key Takeaways
- • Healthy mobile demand drove Mobile segment performance
- • Broad Markets delivered another quarter of year-over-year growth, led by double-digit gains in automotive and data center
- • Consistent execution across the portfolio
SWKS Forward Guidance & Outlook
For Q4 fiscal 2026 (September quarter), Skyworks anticipates revenue of $1,010 million to $1,060 million, with non-GAAP diluted EPS of $1.27 at the midpoint of the revenue range. Guidance includes approximately $5 million in incremental net interest expense (~$0.03 per share) from partial-quarter financing costs associated with the pending Qorvo acquisition. Mobile is expected to grow sequentially in the high-teens range, supported by seasonal ramp of new product launches at the company's largest customer. Broad Markets is expected to grow approximately 5% year-over-year, representing approximately 39% of sales. Management is optimistic the Qorvo combination can close within calendar year 2026, with preparations to close as early as within the fiscal year.
SWKS YoY Financials
Q3 2026 vs Q3 2025, source: SEC Filings
“We delivered a solid quarter with revenue and earnings above expectations, reflecting consistent execution across the portfolio. Mobile performed well on healthy demand, and Broad Markets delivered another quarter of year-over-year growth, led by double-digit gains in automotive and data center.”
— Phil Brace, Q3 2026 Earnings Press Release
SWKS Earnings Trends
SWKS vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
SWKS EPS Trend
Earnings per share: estimate vs actual
SWKS Revenue Trend
Quarterly revenue: estimate vs actual
SWKS Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q3 26 BEAT | $1.03 | $1.08 | +4.79% | $934.8M | +0.99% |
| Q2 26 BEAT | $1.04 | $1.15 | +10.10% | $943.7M | +4.65% |
| Q1 26 BEAT | $1.40 | $1.54 | +10.08% | $1.04B | +3.38% |
| Q4 25 BEAT FY | $1.53 | $1.76 | +15.33% | $1.10B | +5.09% |
| FY Full Year | — | $5.93 | — | $4.09B | — |
| Q3 25 BEAT | $1.24 | $1.33 | +7.01% | $965.0M | +2.56% |
| Q2 25 BEAT | $1.20 | $1.24 | +3.09% | $953.2M | +0.18% |