Skyworks Solutions, Inc. (SWKS) Earnings
Skyworks Solutions, Inc. is expected to report next earnings on August 4, 2026 (in NaN days), with a consensus EPS estimate of $1.03. SWKS has beaten EPS estimates in 10 of its last 12 reported quarters (average surprise +9.6% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 5, 2026 | $1.04 | $1.15 | +10.6% | $944M | +4.7% |
| Feb 3, 2026 | $1.40 | $1.54 | +10.0% | $1.0B | +14.9% |
| Oct 28, 2025 | $1.52 | $1.76 | +15.8% | $1.1B | +5.6% |
| Feb 5, 2025 | $1.57 | $1.60 | +1.9% | $1.1B | +0.2% |
| Apr 30, 2024 | $1.52 | $1.55 | +2.0% | $1.0B | +0.1% |
| Jan 30, 2024 | $1.95 | $1.97 | +1.0% | $1.2B | +14.9% |
| Nov 2, 2023 | $2.10 | $2.20 | +4.8% | $1.2B | +0.2% |
| Feb 6, 2023 | $2.59 | $2.59 | +0.0% | $1.3B | +0.5% |
| Nov 3, 2022 | $2.91 | $3.02 | +3.8% | $1.4B | +0.8% |
| Aug 4, 2022 | $2.36 | $2.44 | +3.4% | $1.2B | +0.6% |
| May 3, 2022 | $2.62 | $2.63 | +0.4% | $1.3B | +0.2% |
| Feb 3, 2022 | $3.10 | $3.14 | +1.3% | $1.5B | +0.6% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q2 FY2026 · May 5, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Secured a significant multi-generational design win with a leading Android OEM expected to generate over a billion dollars in revenue through 2030, reflecting expanding footprint in premium AI-enabled devices. - Introduced new product innovations including BA filters for 6G FR3 spectrum, next-gen RF front-end solution for above 7 GHz, expanded timing portfolio with new clock buffers, and engaged in early Wi-Fi programs. - Regulatory reviews for Corvo combination are progressing, entered phase two of China SAMR review, and maintaining dialogue with antitrust authorities, with hope to close in late 2026. - Skyworks delivered strong results driven by mobile and broad markets, solid demand across portfolio, mobile outperformed with healthy sell-through and new product launches, broad markets had nine consecutive quarters of growth with three growth engines (Wi-Fi, data center, automotive) accounting for nearly two-thirds of business and growing 30% year over year
Guidance
- Revenue for Q3 2026 is expected to range between $900 million to $950 million. - Mobile is anticipated to decline approximately low single digits sequentially. - Broad markets is expected to be up modestly sequentially, representing 43% of sales and up high single digits year over year. - Gross margin is projected to be approximately 44.5 to 45.5%, flat sequentially. - Operating expenses are between $235 million and $245 million. - Diluted share count is expected to be 151 million shares, and at the midpoint of revenue outlook of $925 million, expected diluted earnings per share is $1.03
Segment performance
Skyworks delivered revenue of $944 million. Mobile represented 58% of total revenue, and broad markets represented 42% of sales. Mobile outperformed expectations driven by healthy sell-through and product execution. Broad markets also outperformed, with growth across Wi-Fi, data center, and automotive. Gross profit was $425 million with a gross margin of 45%. Operating expenses were $236 million, operating income was $189 million with an operating margin of 20%. Net income was $173 million and diluted earnings per share was $1.15. For Q3 2026, revenue is expected to range between $900 million to $950 million, mobile is anticipated to decline low single digits sequentially, broad markets is expected to be up modestly sequentially, gross margin is projected to be approximately 44.5 to 45.5%, operating expenses are between $235 million and $245 million, and diluted earnings per share at the midpoint of revenue outlook is expected to be $1.03
Analyst Q&A
Q: Talk about content trajectory at largest customer and next year's content with Android win.
A: Feel good about content position, not seeing unusual things, win emphasizes technology play and value proposition. -
Q: Gross margin trajectory in back half of year.
A: Typically gross margin is down from Q2 to Q3 on average 70 basis points over last five years, guiding flat, seeing input cost increase but pursuing cost reductions. -
Q: Sticky nature of Android win.
A: Multi-generational design win with significant RF content, confident about stickiness. -
Q: Change in strategy regarding China.
A: Strategy is to grow business profitably, be prudent in allocating resources. -
Q: Content trend since last guidance and lead times on order patterns.
A: Feel good about content position, lead times are long, book-to-bill is above one, inventory is low. -
Q: Supply, lead times, and pricing impact on gross margin.
A: Dealing with dynamic environment, input price increases, sharing some price increases with customers, and seeing path to gross margin expansion. -
Q: How Android win was got and differentiation.
A: Offered technology advantage solution, multiple generation design win enables focus on delivering over generations. -
Q: Total China revenues and broad market revenues.
A: China overall business less than $200 million annually, enhance that less than $20 million; data center revenues under $100 million, auto revenues around $250 million a year, see good growth. -
Q: Linearity of Android customer's $1 billion revenue opportunity.
A: Expected to be rising year over year. -
Q: RF content per device at largest customer potentially accelerating.
A: Seeing more RF complexity driven by increased bands, MIMO capability, power requirements, smaller devices, which should be a tailwind for content