Chipmaker Skyworks beats Q2 revenue, profit estimates

Skyworks Solutions

05/05/2026 21:12

Overview

U.S. analog chipmaker's fiscal Q2 revenue beat analyst expectations, adjusted EPS also exceeded consensus

Company's Broad Markets segment delivered double-digit yr/yr growth, led by Wi-Fi and automotive

Declared quarterly dividend of $0.71 per share

Outlook

Skyworks expects Q3 revenue of $900 mln to $950 mln

Company sees Q3 non-GAAP diluted EPS of $1.03 at midpoint of revenue range

Mobile segment expected to decline low-single digits sequentially; Broad Markets to grow modestly

Result Drivers

MOBILE DEMAND - Co said Mobile segment outperformed expectations due to healthy demand

BROAD MARKETS GROWTH - Co reported double-digit yr/yr growth in Broad Markets, led by Wi-Fi, data center, and automotive

ANDROID DESIGN WIN - Co secured multi-generational Android OEM design win expected to generate over $1 bln revenue through 2030

Company press release: ID:nGNXk7wHf

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$943.7 mln
$899.31 mln (20 Analysts)
Q2 Adjusted EPS
Beat
$1.15
$1.03 (20 Analysts)
Q2 EPS
$0.24
Q2 Adjusted Operating Income
Beat
$188.9 mln
$168.61 mln (16 Analysts)
Q2 Dividend
$0.71


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 19 "hold" and 2 "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 $65.00, about 5.6% below its May 4 closing price of $68.85

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)