Skyworks Beats Q3 Estimates, Guides Q4, Advances Qorvo Deal

EarningsCorporate Action
โดย Zacks Investment Research·US·Read original
Summary · why it matters

Skyworks Solutions reported third-quarter fiscal 2026 non-GAAP earnings of $1.08 per share, beating the Zacks Consensus Estimate by 4.85%, though earnings declined 18.8% year over year from $1.33. Revenues of $934.8 million fell 3.1% year over year but topped the consensus mark by 1.38%, driven by healthy mobile demand and continued Broad Markets growth, with automotive and data center delivering double-digit gains. Broad Markets generated approximately $403 million in revenues, rising 8% year over year and accounting for 43% of total sales, while AI data center was the fastest-growing operation, expanding at a rate above the 50% annual growth outlook. Mobile contributed 57% of total revenues, with the largest customer generating approximately 57% of total revenues, and management maintained its expectation for roughly flat blended mobile content this year. Non-GAAP gross margin contracted 220 basis points to 44.9% due to higher input costs, and the company ended the quarter with approximately $814 million in cash and investments and $497 million in debt after repaying $500 million of notes. For the fourth quarter of fiscal 2026, Skyworks expects revenues between $1.01 billion and $1.06 billion, with non-GAAP earnings of $1.27 per share at the midpoint, and it said regulatory reviews for the Qorvo transaction are progressing, with the combination potentially closing within calendar 2026. The board authorized a new $2 billion share-repurchase program for the combined company and decided not to declare quarterly dividends going forward, redirecting capital toward share repurchases, debt reduction, and strategic acquisitions.

Impact on stocks 2

Semiconductors▲ · 2 stocks
Skyworks Solutions Inc
SWKS
▲ PositiveCapitalrelevance

Beats Q3 estimates, guides Q4 above consensus, and authorizes $2B buyback; earnings decline but revenue growth and strong AI data center growth.

Qorvo Inc
QRVO
▲ PositiveCapitalrelevance

Regulatory reviews progressing for Qorvo acquisition, potential close within calendar 2026, and new $2B buyback program for combined company.

Theme Impact 2

Related news

▲

Qualcomm Joins WEDA Edge AI Ecosystem, Signs Vietnam Agreements

Qualcomm has joined Advantech and other partners in the new WEDA edge AI ecosystem, an alliance aimed at supporting scalable deployments across varied hardware by standardising tools and reference designs for industrial and enterprise use cases. Qualcomm is also participating in up to 29 cross-sector agreements between US and Vietnamese firms announced during a recent state visit. The company develops and licenses wireless technologies that underpin mobile devices and connected equipment, and the moves tie its core wireless IP to new industrial and enterprise computing uses. Whether the WEDA ecosystem projects and Vietnam partnerships turn into disclosed design wins or revenue targets in segments like industrial IoT and AI edge devices over the next few reporting periods, rather than staying at the memorandum of understanding stage, remains to be seen.
QCOM ▲2395.TW ▲
Artificial Intelligence ▲Cloud & Digital Infrastructure
Simply Wall St·2hRead more →
▲2

Microchip Technology's memBrain SAGE IP Selected by AnalogAI for Edge AI Processors

Microchip Technology has been selected by AnalogAI to supply its memBrain SAGE neuromorphic hardware IP for use in new edge AI processors. The collaboration centers on compute-in-memory technology targeting training and inference for adaptive robots, drones and vehicles, with AnalogAI planning to integrate memBrain SAGE into real-world, low-power AI systems designed for deployment at the network edge. Microchip Technology is a US-based semiconductor supplier with a roughly $38.5b market cap focused on smart, connected and secure embedded control solutions. The design win supports the edge-computing catalyst in the company's narrative, though analysts flag execution risk from competition, including edge-AI platforms from Nvidia and Qualcomm.
MCHP ▲
Artificial Intelligence ▲Semiconductors Robotics & Physical AI ▲
Simply Wall St·3hRead more →

Meta Connect 2026 Kicks Off September 23 at Menlo Park Campus

Meta Connect 2026 begins Wednesday, September 23 at 4:00 P.M. at Meta's campus in Menlo Park, California, headlining a week of investor events that also includes McDonald's Investor Day and a White House meeting between President Trump and China President Xi. The two-day livestreamed Meta showcase will include updates on the company's latest work in AI, AI-powered glasses, virtual and mixed reality, and related developer technologies, with major product announcements and a keynote from CEO Mark Zuckerberg anticipated. McDonald's holds its highly-anticipated Investor Day the same day, with investors watching how management plans to restore U.S. momentum while sustaining international growth and the durability of its new beverage platform, whose launches in the U.S., Canada, and Germany reportedly exceeded expectations. On Thursday, September 24, President Trump meets China President Xi at the White House, with Taiwan, AI, tariffs, and global conflicts expected on the agenda and more details possible on China's purchase of Boeing aircraft; Nvidia CEO Jensen Huang, OpenAI CEO Sam Altman, and Qualcomm CEO Cristiano Amon are expected at the evening state dinner. Also Thursday, a bond hearing is scheduled at 4:30 p.m. related to Paramount Skydance's planned $110B purchase of Warner Bros. Discovery. The week's earnings slate includes Autozone, Thor Industries, and KB Home on Tuesday; Cintas, Paychex, General Mills, and Cracker Barrel on Wednesday; and Darden Restaurants and Costco on Thursday.
1NBA.XETRAABNBAGNCANETAURAVGO+19
Spatial Computing / AR/VR ▲Aerospace & Aviation Artificial Intelligence
Seeking Alpha·11hRead more →
© 2026 MarketDXNews