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SWKS FY2026 Q3 IN LINE

Skyworks Solutions, Inc. 실적 발표

Jul 28, 2026 · 16:30 ET Phil BracePhilip CarterRaji Gill
Buzzberg 분석

Revenue and EPS above guidance midpoint

Skyworks reported solid Q3 FY2026 results with revenue and EPS above guidance. The call focused heavily on the pending Corvo acquisition (regulatory progress, financing, leadership, new $2B buyback, dividend elimination). Mobile demand is steady heading into the fall ramp, while broad markets data center growth accelerated beyond 50% but remains supply-constrained. Gross margin is under pressure from rising input costs, partially offset by selective price increases. Q3 FY2026 revenue $935M, EPS $1.08; Q4 guide revenue $1.01-$1.06B, EPS $1.27 at midpoint.

Buzzberg 분석 Revenue and EPS above guidance midpoint Skyworks reported solid Q3 FY2026 results with revenue and EPS above guidance. The call focused heavily on the pending Corvo acquisition (regulatory progress, financing, leadership, new $2B buyback, dividend elimination). Mobile demand is steady heading into the fall ramp, while broad markets data center growth accelerated beyond 50% but remains supply-constrained. Gross margin is under pressure from rising input costs, partially offset by selective price increases. Q3 FY2026 revenue $935M, EPS $1.08; Q4 guide revenue $1.01-$1.06B, EPS $1.27 at midpoint. 전체 분석 보기분석 접기

Skyworks reported solid Q3 FY2026 results with revenue and EPS above guidance. The call focused heavily on the pending Corvo acquisition (regulatory progress, financing, leadership, new $2B buyback, dividend elimination). Mobile demand is steady heading into the fall ramp, while broad markets data center growth accelerated beyond 50% but remains supply-constrained. Gross margin is under pressure from rising input costs, partially offset by selective price increases. Q3 FY2026 revenue $935M, EPS $1.08; Q4 guide revenue $1.01-$1.06B, EPS $1.27 at midpoint.

  • Corvo transaction progressing: SAMR in final phase, optimistic to close within calendar year; $2B debt financing planned.
  • Capital allocation: $2B buyback authorized, quarterly dividend eliminated, focus on share repurchases, delevering, and strategic M&A.
  • Mobile: healthy demand at largest customer, strong Android ramp in Q3 but normalizing in Q4; content roughly flat year-over-year.
Revenue $0.9348B -1% QoQ
EPS $1.08 -6% QoQ
Gross margin 40.12% reported
Op margin 5.19% reported

이번 분기에 달라진 점

01
Guidance

Revenue and EPS above guidance midpoint

Guidance · revenue to $1.035B

02
Other

Corvo deal closure optimistic within calendar year

Q3 FY2026 revenue $935M, EPS $1.08; Q4 guide revenue $1.01-$1.06B, EPS $1.27 at midpoint.

03
Capital return

New $2B buyback; dividend eliminated

Corvo transaction progressing: SAMR in final phase, optimistic to close within calendar year; $2B debt financing planned.

04
AI

AI data center growing faster than 50% annually

Management highlighted that their AI data center business is the fastest growing and tracking ahead of the 50% annual growth outlined last quarter, even with supply constraints, and noted that AI workloads moving to the endpoint are driving increased RF complexity in mobile…

AI, 자본지출 및 수요 분석

AI

플랫폼 및 수익화

Management highlighted that their AI data center business is the fastest growing and tracking ahead of the 50% annual growth outlined last quarter, even with supply constraints, and noted that AI workloads moving to the endpoint are driving increased RF complexity in mobile devices.

수요

수주 및 전환

RF content expected to increase after years of decline. Management expressed confidence in the business execution (revenue and EPS above midpoint), optimism about closing the Corvo transaction within the calendar year, and a positive long-term outlook driven by content growth and broad markets, while acknowledging input cost headwinds on gross margins.

자본지출

투자 및 생산능력

Management indicated that capex is increasing to build internal capacity and buffer inventory due to prior stock-outs and supply constraints, with Phil Carter stating 'increasing internal capacity is definitely some of the increasing capex' as they shift toward third-party manufacturers.

톤 · confident

Management expressed confidence in the business execution (revenue and EPS above midpoint), optimism about closing the Corvo transaction within the calendar year, and a positive long-term outlook driven by content growth and broad markets, while acknowledging input cost headwinds on gross margins.

공급망 알파

A1

Data center business is growing faster than the previously guided 50% annual rate, yet supply constraints cap shipments.

“Our fastest growing business is tracking ahead of the 50% annual growth we outlined last quarter, even with supply constraints.”
Phil Brace
A2

Input costs are rising faster than Skyworks can offset via cost reductions and selective price increases, pressuring gross margins.

“The flip side of that is we don't have the ability to adjust when input costs go up as well. So what you're seeing there is a little bit of pressure on the gross margin side.”
Phil Brace

향후 가이던스

In LineGuidance · revenue to $1.035B
지표기간범위중간값상태
EPSFY2026 Q4$1.27$1.27GUIDED
RevenueFY2026 Q4$1.01B–$1.06B$1.035BGUIDED

가이던스 신뢰도

3 / 5달성 또는 상회
제시 시점지표목표 기간가이던스실제결과
FY2026 Q2EPSFY2026 Q3$1.03$1.08Met / beat
FY2026 Q2Gross marginFY2026 Q344.5%–45.5%40.12%Missed
FY2026 Q2RevenueFY2026 Q3$0.9B–$0.95B$0.9348BMet / beat
FY2026 Q1EPSFY2026 Q2$1.04$1.15Met / beat
FY2026 Q1Gross marginFY2026 Q244.5%–45.5%40.83%Missed

기업 영향 분석

QRVO
+4.4%
발표 이후
$91.76→$95.80
경쟁사

Skyworks declines to comment on Qorvo's long-term supply agreement with Apple, signaling no direct impact but competitive positioning remains unchanged.

“Obviously, we can't really comment on peers or terms of agreement between our customers and third parties. Frankly, we can't comment because we don't know the details.”
Phil Brace