Skyworks beats Q3 revenue, adjusted EPS estimates; sets $2 bln buyback

Skyworks Solutions

28/07/2026 21:13

Overview
U.S. analog semiconductor maker's fiscal Q3 revenue and adjusted EPS beat analyst expectations
Company announced new $2 bln stock repurchase program as part of capital allocation framework
Automotive and data center segments drove broad markets growth in the quarter

Outlook
Skyworks sees Q4 revenue between $1.01 bln and $1.06 bln
Company expects Q4 non-GAAP diluted EPS of $1.27 at midpoint of revenue range
Skyworks board approves new $2 bln stock repurchase program; quarterly dividends suspended

Result Drivers
AUTOMOTIVE AND DATA CENTER GROWTH - Co said broad markets growth was led by double-digit gains in automotive and data center segments
MOBILE DEMAND - Co said mobile segment performed well on healthy demand

Company press release: ID:nGNX1yg5G1

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$935 mln
$920.28 mln (18 Analysts)
Q3 Adjusted EPS
Beat
$1.08
$1.02 (18 Analysts)
Q3 EPS
 
$0.22
 
Q3 Adjusted Operating Income
Beat
$182 mln
$172.17 mln (17 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 19 "hold" and 3 "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 $75.00, about 18.2% above its July 27 closing price of $63.44
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

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July 27 - Amkor Technology Q2 revenue rises 26%, beats estimates

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.)