Skyworks Solutions

Skyworks Solutions reported Q3 FY2026. EPS came in at $1.08 against a $1.03 consensus, beat by 4.9%. Revenue was $934.8M versus $926.0M expected, beat by 1.0%. Gross margin was 40.1%, down 70 bps from last quarter.

Skyworks Solutions Skyworks Solutions reported Q2 FY2026 earnings that beat both revenue and EPS estimates, but the company's guidance for the next quarter suggests a more cautious outlook. Despite the beat, the company's forward-looking statements and financial projections indicate a challenging environment ahead.

Skyworks Solutions cleared the December-quarter bar on mobile upside and cash generation, but the variant view is that the print argues for a shorter-cycle trade, not a clean rerating: the same customer concentration that delivered the beat is also embedded in a March guide calling for mobile down approximately 20% sequentially. The market may be over-crediting the strategic margin narrative before there is evidence that broad markets can absorb the seasonal mobile drop and move reported gross margin toward the 50% to 55% ambition.

Skyworks Solutions missed the Street’s revenue bar by -4.9%, yet beat EPS by +7.3%, which makes this print less a demand recovery story than a mix, cost, and capital-return story. The market was priced for cleaner top-line normalization; what it got was evidence that non-mobile scale and Apple sell-through can protect earnings, but not yet prove a durable revenue inflection.