Skyworks Solutions, IncNasdaq: SWKS
Information Technology · Semiconductors
$72.48
+4.47%
Vol: 4.6M
Research Digest
Friday, June 19, 2026
Skyworks beat Q2 guidance with $944M revenue, secured a $1B+ Android OEM design win, and launched Qorvo note exchange as merger progresses
Skyworks delivered Q2 fiscal 2026 revenue of $944M, topping its $900M-$950M guidance range, and secured a multi-generational Android OEM design win expected to generate over $1B in revenue through 2030. The company declared a $0.71/share cash dividend payable June 16, yielding ~4.3%. Skyworks commenced exchange offers for up to $1.55B of Qorvo's 2029 and 2031 notes with new Skyworks notes plus cash, advancing the pending Qorvo merger which management expects to generate $500M in annual synergies. At PCIM Europe 2026, Skyworks showcased its Si829x EV gate driver platform and software-defined power portfolio for AI data centers. The key risk is that the Qorvo integration complexity and near-term revenue dilution weigh on shares even as synergies are longer-dated.
Previous Market Intelligence
13 daysJun 18No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 17No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 16No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 15No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 14Skyworks reported strong early participation in its exchange offers for Qorvo's senior notes, advancing the financing for its pending acquisition of rival chipmaker Qorvo.Positive▶
On June 12, 2026, Skyworks announced results of early participation in its exchange offers and consent solicitations for Qorvo's 4.375% senior notes due 2029 and 3.375% senior notes due 2031, with roughly 89.4% and 93.1% of the respective principal amounts tendered. Holders receive $950 of new Skyworks notes plus a $50 early-participation premium per $1,000 tendered. The high tender rates clear a key financing/consent step for Skyworks' previously announced stock-and-cash merger with Qorvo, which would consolidate two of the largest RF chip suppliers. The deal remains subject to regulatory approval, and the FTC has already issued an HSR Second Request extending the antitrust waiting period. The bear case: the combined company still faces customer-concentration and revenue-decline concerns, and the Second Request signals heightened antitrust scrutiny that could delay or imperil the merger.
May 21No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 20Skyworks Solutions secures multi-generational Android OEM design win expected to deliver $1B+ revenue through 2030.Positive▶
Skyworks reported Q2 FY2026 revenue of $944 million with non-GAAP diluted EPS of $1.15, beating consensus of $1.04. The company secured a major multi-generational Android OEM design win expected to generate $1 billion+ in revenue through 2030. For Q3, the company guided revenue of $900M-$950M, with Mobile expected to decline low-single digits and Broad Markets up modestly. The board declared a $0.71 per share dividend payable June 16, 2026. At the May 13 annual meeting, shareholders approved the 2026 LTIP and re-elected nine directors but rejected executive pay. Regulatory reviews for the Qorvo merger are progressing with closing anticipated in early 2027, possibly late 2026.
May 19Skyworks beat Q2 FY26 estimates with $944M revenue and non-GAAP EPS of $1.15, secured multi-generational Android OEM design win worth >$1B through 2030, and signaled potential Qorvo deal close in late 2026.Positive▶
Skyworks delivered fiscal Q2 2026 revenue of $944M (above the high end of guidance) with non-GAAP diluted EPS of $1.15, beating consensus of $1.04. The company secured a multi-generational Android OEM design win expected to generate $1B+ in revenue through 2030. Q3 guidance calls for revenue of $900-950M with non-GAAP EPS of $1.03 at the midpoint, with Broad Markets growing to ~43% of sales. The board declared a $0.71/share dividend payable June 16, 2026. The Qorvo combination is progressing through Phase II of the China SAMR review, and management is increasingly optimistic about a late-2026 close. The stock traded around $70.35 on May 18 amid upbeat sentiment.
May 18No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 15Skyworks Solutions secures $1B+ Android OEM design win through 2030; Q2 FY26 beats but stock fell 13% on margin concerns.Mixed▶
Skyworks Solutions reported Q2 FY2026 earnings on May 5, 2026 with EPS of $1.15 vs forecast $1.04 and revenue of $944M vs expected $901.77M. Broad markets segment posted 10% YoY growth for the ninth consecutive quarter, and the company secured an Android OEM design win expected to generate $1B+ through 2030. CEO Philip Gordon Brace cited a multigenerational design win with a leading Android device maker reflecting expanding footprint in premium AI-enabled devices. Despite beating expectations, shares sank 13% during early trading on margin concerns. Q3 FY2026 guidance projects revenue of $900M-$950M with gross margin of 44.5%-45.5%, with mobile segment expected to decline slightly. SWKS announced a $0.71 dividend with ex-date May 26, 2026. Stock trades at $68.33.
May 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 13Skyworks beat Q2 FY26 with $1.15 EPS on $944M revenue and disclosed a $1B+ Android OEM multi-generational design win, while Qorvo merger review advances toward late-2026/early-2027 close.Positive▶
Skyworks reported Q2 FY26 results on May 5 with EPS of $1.15 vs $1.04 expected and revenue of $944M, with Mobile (58% of sales) outperforming and Broad Markets (42%) up 10% year-over-year. The company secured a multi-generational design win with a leading Android OEM expected to generate over $1B in revenue through 2030. Q3 guidance came in at $900M-$950M revenue and $1.03 EPS, both above consensus. Regulatory review of the planned Qorvo merger is progressing through Phase II at China's SAMR, with closure targeted late 2026 or early 2027 and reaffirmed synergy potential of $500M+. The risk is margin compression noted by analysts and sequential mobile decline expected next quarter.
May 12No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| SWKSSKYWORKS | $72.48 | +4.47% | -12.4% | 12.2x | 1.50 | $9.4B |
| NVDANVIDIA | $210.83 | +3.02% | -2.1% | 15.3x | 2.21 | $4.72T |
| AVGOBROADCOM | $411.77 | +4.80% | -5.7% | 18.6x | 1.46 | $1.71T |
| MUMICRON | $1,134.07 | +8.71% | -7.0% | 6.5x | 2.14 | $1.10T |
| AMDADVANCED | $539.08 | +5.19% | -0.4% | 39.3x | 2.47 | $844.4B |
| INTCINTEL | $134.19 | +10.81% | -8.6% | 77.1x | 2.19 | $604.9B |
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