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Skyworks Begins New Chapter Following Qorvo Combination; Reports Fourth Quarter and Fiscal 2026 Results

SWKS
  • Skyworks Solutions reported Q4 fiscal 2026 standalone revenue of $1.046 billion, with GAAP diluted EPS of $0.15 and non-GAAP diluted EPS of $1.28.
  • Full-year fiscal 2026 revenue totaled $3.96 billion, with GAAP diluted EPS of $1.14 and non-GAAP diluted EPS of $5.05.
  • The company completed its combination with Qorvo, creating a full-stack RF front-end platform targeting $500 million or more in annual cost synergies.
  • Combined September quarter revenue for the merged entity was approximately $1.98 billion, serving as the starting point for the first quarter of fiscal 2027.
  • Fiscal Q1 2027 revenue is projected between $1.80 billion and $1.90 billion, with non-GAAP diluted EPS expected at $1.25.
  • Smartphone revenue is forecast to decline in the low teens percent sequentially due to seasonality and Android market softness, while Diversified Growth Markets revenue is expected to grow in the low single digits sequentially.
  • Recent highlights include investment-grade credit rating upgrades by Moody's and Fitch following the Qorvo acquisition.
  • The company secured timing design wins for AI data center networking, including 1.6T scale-up switches, and extended automotive design wins with a German premium automaker for EV traction inverters.
  • Synergy realization is underway, with approximately $150 million expected in operating expense synergies within fiscal 2027.
  • Skyworks now operates across four secular growth markets: Physical AI, Defense, Infrastructure, and Automotive.