GET DAILY SIGNALSSkyworks Solutions (SWKS) Reports Q4 Results as Qorvo Merger Takes Effect
Key Takeaways
- Skyworks Solutions reported fourth-quarter fiscal 2026 (the quarter ended October 2, 2026) standalone revenue of $1.046 billion, above the midpoint of its guidance range and roughly in line with Wall Street consensus.
- Non-GAAP diluted EPS (earnings per share) came in at $1.28, one penny above the midpoint of guidance, while GAAP diluted EPS was $0.15.
- For the full fiscal 2026 year, revenue totaled $3.96 billion, with non-GAAP diluted EPS of $5.05.
- The merger with Qorvo closed on October 5, 2026, after the quarter ended, bringing combined September-quarter revenue to approximately $1.98 billion.
- First-quarter fiscal 2027 guidance for the combined company of $1.8–$1.9 billion in revenue and $1.25 non-GAAP EPS at the midpoint landed below analyst expectations, and shares fell roughly 14.5% after the report.
- For more detail on the company's Major News, Today's Price Move, Price Targets, and Forecast, explore the dedicated SWKS pages.
- Discover actionable, data-driven trade ideas with Trending AI Robots.
Why This Report Carries Extra Weight
Skyworks Solutions' fourth-quarter report stands out because it marks the end of the company's standalone era. On October 5, 2026, the semiconductor firm completed its merger with Qorvo, forming a larger player in RF, power, and timing chips. The September-quarter numbers cover Skyworks on its own, while the guidance provides the first view of the combined business. In my view, the results matter primarily as an early checkpoint on integration progress, cost synergies, and how the new entity will handle softness in the Android smartphone market while capitalizing on opportunities in data center, defense, and automotive segments.
Breaking Down the Standalone Results
Skyworks delivered fourth-quarter revenue of $1.046 billion, above the midpoint of its $1.0–$1.035 billion guidance and roughly 1% ahead of the $1.04 billion consensus. This still marked a roughly 5% year-over-year decline, reflecting ongoing pressure in the Android market even as the largest customer, which accounted for about 62% of revenue, supported the seasonal smartphone ramp. I also checked this using Tickeron’s AI Screener to see how the stock compares to others in the industry.
Non-GAAP diluted EPS of $1.28 beat the midpoint of guidance by a penny and aligned closely with the $1.27 consensus. GAAP diluted EPS was $0.15 after restructuring and acquisition charges. Non-GAAP gross margin reached 44.4%, and non-GAAP operating income was $227 million for a 21.7% margin. Broad markets grew about 9% year over year, driven by data center, Wi-Fi, and automotive demand.
Management gave first-quarter fiscal 2027 guidance for the combined company of $1.8–$1.9 billion in revenue and roughly $1.25 in non-GAAP diluted EPS at the midpoint. Both came in below consensus estimates of about $1.99 billion in revenue and $1.57 in EPS, pointing to expected seasonal smartphone weakness, Android softness, and an extra week from Qorvo’s prior quarter.
How the Market Reacted
Shares of SWKS dropped roughly 14.5% to about $72.86 right after the release. The reaction centered on the forward outlook, where combined December-quarter guidance missed expectations by a noticeable margin. Management indicated smartphone revenue would decline in the low-teens percent sequentially. Although the standalone quarter itself looked solid, investors focused on the softer near-term path and early integration risks from the Qorvo deal. Sentiment shows a mix of optimism about the merger’s scale and caution around Android trends and costs ahead.
Key Factors to Monitor Next
Integration execution will be the main variable. Management targets $500 million or more in annual cost synergies within 24 to 36 months, with about two-thirds from operating expenses and one-third from cost of goods sold. Roughly $150 million in operating-expense savings is expected in fiscal 2027, with most of the earnings benefit in the second half.
Investors should track the new reporting segments—Smartphone and Diversified Growth Markets—starting with the February earnings call. Diversified Growth Markets, which includes data center, defense, automotive, and connected edge, made up more than 40% of combined sales and is projected to grow in the low double digits year over year. From what I see, input cost pressures are likely to continue, and the long-term goals of 50%–55% non-GAAP gross margin and 30%–35% non-GAAP operating margin will depend on full integration. Customer concentration and Android demand trends will remain important for the mobile side.
Exploring AI Tools for Earnings Analysis
I often turn to Tickeron’s AI tools when reviewing quarterly results like these to quickly surface comparable companies and technical signals. One platform I find particularly useful is the AI Daily Buy/Sell Signals service, which helps highlight potential entry or exit points based on recent patterns and fundamentals. It has become a regular part of my process for cross-checking ideas during earnings season.
Disclaimer
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Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
SWKS in upward trend: price rose above 50-day moving average on October 15, 2026
SWKS moved above its 50-day moving average on October 15, 2026 date and that indicates a change from a downward trend to an upward trend. In 28 of 40 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are 70%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 22, 2026. You may want to consider a long position or call options on SWKS as a result. In 45 of 86 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 52%.
The Moving Average Convergence Divergence (MACD) for SWKS just turned positive on October 23, 2026. Looking at past instances where SWKS's MACD turned positive, the stock continued to rise in 30 of 53 cases over the following month. The odds of a continued upward trend are 57%.
Following a +4.62% 3-day Advance, the price is estimated to grow further. Considering data from situations where SWKS advanced for three days, in 188 of 289 cases, the price rose further within the following month. The odds of a continued upward trend are 65%.
SWKS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The 10-day RSI Indicator for SWKS moved out of overbought territory on October 30, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 22 similar instances where the indicator moved out of overbought territory. In 13 of the 22 cases, the stock moved lower in the following days. This puts the odds of a move lower at 59%.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 7 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SWKS declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 73%.
The Aroon Indicator for SWKS entered a downward trend on October 22, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is 11 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is 15 (best 1 - 100 worst), indicating outstanding price growth. SWKS’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 83 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 94 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.233) is normal, around the industry mean (5.894). P/E Ratio (44.130) is within average values for comparable stocks, (16.337). Projected Growth (PEG Ratio) (12.401) is also within normal values, averaging (3.803). Dividend Yield (0.033) settles around the average of (0.012) among similar stocks. P/S Ratio (3.209) is also within normal values, averaging (46.468).
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. SWKS’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 78, placing this stock worse than average.
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a manufacturer of proprietary semiconductor products
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