Overview
Semiconductor firm's fiscal Q1 revenue of $1.035 bln beat analyst expectations
Adjusted EPS for fiscal Q1 beat analyst expectations
Company highlights strong performance in mobile and broad markets
Outlook
Skyworks anticipates Q2 2026 revenue between $875 mln and $925 mln
Company expects Q2 2026 non-GAAP EPS of $1.04
Skyworks forecasts 20% sequential decline in Mobile segment for Q2 2026
Result Drivers
MOBILE PERFORMANCE - Mobile segment exceeded Co's expectations due to healthy sell-through and solid operational execution
BROAD MARKETS GROWTH - Broad Markets segment saw accelerating growth led by Wi-Fi 7 and data center programs
AUTOMOTIVE EXPANSION - Expanded automotive connectivity programs with leading OEMs like Volkswagen and BYD
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue | Beat | $1.04 bln | $1.001 bln (20 Analysts) |
Q1 Adjusted EPS | Beat | $1.54 | $1.40 (20 Analysts) |
Q1 EPS | $0.53 | ||
Q1 Adjusted Operating Income | Beat | $252 mln | $228.44 mln (17 Analysts) |
Q1 Dividend | $0.71 |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 21 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the semiconductors peer group is "buy."
Wall Street's median 12-month price target for Skyworks Solutions Inc is $73.00, about 28.5% above its February 2 closing price of $56.83
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 17 three months ago
Press Release: ID:nGNX3GwR0N
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)