Companies /Technology

Skyworks Solutions Inc

NASDAQ: SWKS Semiconductors
$65.79
▼ $1.57 (−2.33%) today
Markets closed · 6:40pm ET

Q1 2026 Earnings

Reported Feb 3, 2026, 4:02pm ET · SEC source
$1.54
Beat +10.08%
EPS · est. $1.40
$1.0B
Beat +3.38%
Revenue · est. $1.0B
−5.2%
Trailing market
SWKS vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−3%0+3%Feb 3Feb 4report 4:02pm ETearnings−0.2%+2.6%
−3%0+3%Feb 3Feb 4earnings−0.2%+2.6%
SWKS +2.6%S&P 500 −0.2%
−3%0+3%Feb 3Feb 4report 4:02pm ETearnings−1.4%+2.6%
−3%0+3%Feb 3Feb 4earnings−1.4%+2.6%
SWKS +2.6%NASDAQ −1.4%
−5%0+5%+10%Feb 2Feb 11report 4:02pm ETearnings+0.5%+11.9%
−5%0+5%+10%Feb 2Feb 11earnings+0.5%+11.9%
SWKS +11.9%S&P 500 +0.5%
−5%0+5%+10%Feb 2Feb 11report 4:02pm ETearnings−0.4%+11.9%
−5%0+5%+10%Feb 2Feb 11earnings−0.4%+11.9%
SWKS +11.9%NASDAQ −0.4%
+5.49%
Day of report
+3.25%
Next session
+7.93%
One week
−6.31%
30 days

S&P 500 over the same 30 days: −1.15%.

Did SWKS Beat Earnings? Q1 2026 Results

Skyworks Solutions delivered a clean beat to open fiscal 2026, posting Q1 revenue of $1.04 billion and non-GAAP diluted EPS of $1.54, the latter clearing the $1.40 consensus by 10.08% while revenue came in 3.38% ahead of expectations. The results marked the fourth consecutive quarter of beating estimates, even as revenue slipped 3.1% from a year ago, a reflection of ongoing cyclical pressures in the broader semiconductor market. The standout driver was Mobile, where healthy sell-through and solid execution pushed results above the company's own outlook, complemented by accelerating momentum in Broad Markets led by Wi-Fi 7 deployments and data center infrastructure wins. Free cash flow of $339.00 million, representing a 32.7% margin, underscored the underlying business quality, and cash on hand rose to $1.55 billion. The pending Qorvo merger, which drew 81% shareholder approval, added $37.10 million in acquisition-related charges that weighed on GAAP results. Looking ahead, Skyworks guided Q2 revenue of $875 million to $925 million, with non-GAAP EPS of $1.04 at the midpoint, reflecting typical seasonal softness in Mobile.

Key Takeaways
  • Mobile exceeded outlook on continued healthy sell-through and solid operational execution
  • Broad Markets continued to scale with accelerating growth led by Wi-Fi 7 and data center and cloud infrastructure programs
  • Fourth consecutive quarter of results above expectations across revenue, gross margin, and non-GAAP earnings

“We delivered results above our expectations for the fourth consecutive quarter, with outperformance across revenue, gross margin, and non-GAAP earnings.”

Skyworks Solutions CEO, on the earnings call

Forward Guidance & Outlook

For Q2 FY2026 (March quarter), Skyworks expects revenue of $875 million to $925 million, with non-GAAP diluted EPS of $1.04 at the mid-point of the revenue range. Mobile is anticipated to decline approximately 20% sequentially, consistent with historical seasonality. Broad Markets is expected to be approximately flat sequentially, representing 44% of sales, and up high-single-digits year-over-year.

SWKS YoY Financials

Q1 2026 vs Q1 2025 · SEC filings Q1 2025 Q1 2026
$0$300.0M$600.0M$900.0M$1.1B$1.0BRevenue$441.9M$427.2MGross Profit$181.1M$103.8MOperating Income$162.0M$79.2MNet Income
$0$300.0M$600.0M$900.0MRevenueGross ProfitOperating IncomeNet Income

Figures from SEC filings and company reports. Not investment advice.