Skyworks Solutions (SWKS) faces longer-term radio frequency content opportunities in iOS and Android, driven by 6G, Physical AI and a potentially consolidated supplier base, RBC Capital Markets said in a Tuesday note.

The brokerage noted that the company now hopes to complete its Qorvo (QRVO) acquisition in late 2026, ahead of its original expectation for early 2027. The potential merger with Qorvo reduces single-socket risk, leading to lower volatility for Skyworks' Mobile business in the longer term, according to the note.

The acquisition will also add strong Defense and Satellite expertise, and complements Skyworks' data center and Internet of Things portfolios, analysts said.

RBC Capital Markets increased its price target to $80 from $72, while retaining a sector perform rating on the stock.

Skyworks Solutions shares were down about 3.8% in Tuesday trading.

Price: 73.33, Change: -2.86, Percent Change: -3.75