Skyworks Solutions Stock Earnings Reports

Skyworks reported a strong Q2 FY2026: revenue $944M (about $20M above the high end of guidance), EPS $1.15 ($0.05 above the high end), gross margin ~45%, operating margin 20%, cash & investments ~$1.4B, debt ~$1.0B, and $107M paid in quarterly dividends. Key operational highlights: a multigenerational design win with a leading Android OEM expected to generate >$1B through 2030; continued product innovation (BAW filters for early 6G FR3, RF front-end for >7 GHz, new timing products, early WiFi 8 engagements); nine consecutive quarters of growth in broad markets driven by WiFi, data center and automotive (these three accounted for ~2/3 of broad markets and grew ~30% YoY); and continued strong mobile sell-through with channel inventories described as lean. Management reiterated progress on the Qorvo merger (Phase 2 China SAMR review underway), maintained projected close in early calendar 2027 while expressing hope for a late-2026 close, and reiterated expected post-merger synergies of $500M+. Outlook for Q3 FY2026: revenue $900–$950M (midpoint $925M), EPS at midpoint ~$1.03, gross margin ~44.5–45.5%, mobile down low-single-digits sequentially (seasonal), broad markets up modestly sequentially and high-single-digits YoY. Management emphasized exposure to secular tailwinds: more endpoints, greater RF content per device, AI at the edge, and new form factors (robotics/autonomy). They also noted input cost pressures but expect to manage through targeted pricing, cost controls, and mix improvements.