Skyworks Begins New Chapter Following Qorvo Combination; Reports Fourth Quarter and Fiscal 2026 Results
Key Highlights
- ➤Skyworks Q4 revenue $1.046 billion; non-GAAP diluted EPS $1.28
- ➤Fiscal 2026 revenue $3.96 billion; non-GAAP diluted EPS $5.05
- ➤Combined company targets $500 million or more in annual cost synergies
- ➤Q1 fiscal 2027 revenue outlook $1.80 billion-$1.90 billion
- ➤Q1 fiscal 2027 non-GAAP diluted EPS outlook $1.25
- ➤Diversified Growth Markets expected to exceed 40% of combined sales
Expert Statements
Phil Brace, Chief executive officer and president of Skyworks
“Today marks a new chapter for Skyworks”
Phil Brace, Chief executive officer and president of Skyworks
“Combining with Qorvo gives us the scale and the technology breadth to lead the next era of wireless, as AI moves from the infrastructure to the devices, vehicles and machines around us.”
Phil Brace, Chief executive officer and president of Skyworks
“In Smartphone, our portfolio now spans the RF front-end, from power management to the antenna, as 5G-Advanced and 6G drive a new cycle of RF complexity.”
Phil Brace, Chief executive officer and president of Skyworks
“In Diversified Growth Markets, our complementary RF GaN, power, and timing solutions expand our reach across Physical AI and Connected Edge, Defense and Aerospace, Infrastructure, and Automotive.”
Phil Brace, Chief executive officer and president of Skyworks
“Our focus now is execution: delivering for our customers, achieving $500 million or more of annual cost synergies and building a stronger, more diversified Skyworks.”
Philip Carter, Chief financial officer and senior vice president of Skyworks
“Because our combination with Qorvo closed after the end of our fiscal fourth quarter, our reported September-quarter results are Skyworks standalone.”
Philip Carter, Chief financial officer and senior vice president of Skyworks
“Combined September-quarter revenue of approximately $1.98 billion, which includes an additional week in Qorvo’s fiscal quarter, provides the starting point for our first quarter as a combined company.”
Philip Carter, Chief financial officer and senior vice president of Skyworks
“For the December quarter, our first as a combined company, we anticipate revenue of $1.80 billion to $1.90 billion.”
Philip Carter, Chief financial officer and senior vice president of Skyworks
“At the midpoint, this includes approximately $1.07 billion from legacy Skyworks and approximately $780 million from legacy Qorvo; this is the last quarter in which we will provide this split.”
Philip Carter, Chief financial officer and senior vice president of Skyworks
“Qorvo’s September quarter included an extra week, which contributed approximately $70 million of revenue.”
Philip Carter, Chief financial officer and senior vice president of Skyworks
“Our outlook at the midpoint is down approximately 7 percent sequentially from combined September revenue, or approximately 3 percent excluding the extra week.”
Philip Carter, Chief financial officer and senior vice president of Skyworks
“At the midpoint of the revenue range, we expect non-GAAP diluted earnings per share of $1.25, based on approximately 241 million diluted shares and including approximately $50 million of other expense, primarily interest on the acquisition financing.”
Philip Carter, Chief financial officer and senior vice president of Skyworks
“We expect Smartphone revenue to decline in the low teens percent sequentially, reflecting seasonality, well-known softness in the Android market as we remain focused on the premium tier, and the extra week in Qorvo’s September quarter.”
Philip Carter, Chief financial officer and senior vice president of Skyworks
“We expect Diversified Growth Markets revenue to grow in the low single digits sequentially, despite the extra week in the prior quarter, and in the high single to low double digits year-over-year on a combined basis, representing more than 40 percent of sales, led by data center and defense.”
Philip Carter, Chief financial officer and senior vice president of Skyworks
“Our December-quarter outlook reflects only the early stages of synergy realization.”
Philip Carter, Chief financial officer and senior vice president of Skyworks
“We expect to realize approximately $150 million of synergies in operating expenses within fiscal 2027, weighted to the second half of the year, and to exit fiscal 2027 at an annualized run-rate of approximately $250 million to $300 million.”
Philip Carter, Chief financial officer and senior vice president of Skyworks
“We remain fully committed to $500 million or more of annual cost synergies within 24 to 36 months of close.”
* Creates a Full-Stack RF Front-End Platform for Next-Generation Smartphones * Expands Reach Across Four Secular Growth Markets – Physical AI, Defense, Infrastructure, and Automotive * Broadens Technology Portfolio with RF GaN, Low-Voltage Power and Wired Broadband * Targets $500 Million or More of Annual Cost Synergies * Skyworks Standalone Revenue of $1.046 Billion, GAAP Diluted EPS of $0.15 and Non-GAAP Diluted EPS of $1.28 IRVINE, Calif., Nov. 03, 2026 (GLOBE NEWSWIRE) -- Skyworks Solutions, Inc. (Nasdaq: SWKS), a global leader in high-performance RF, precision timing, power management and mixed-signal solutions, today reported fourth fiscal quarter and fiscal year 2026 results for the period ended Oct. 2, 2026.
Skyworks’ revenue for its fourth fiscal quarter of 2026 was $1,046 million. Skyworks’ GAAP diluted earnings per share were $0.15 and non-GAAP diluted earnings per share were $1.28. For fiscal year 2026, Skyworks’ revenue was $3.96 billion, with GAAP diluted earnings per share of $1.14 and non-GAAP diluted earnings per share of $5.05.
Get started
Create a free account to read the full story.