Skyworks Q1 revenue beats expectations on Mobile performance

Skyworks Solutions

03/02/2026 21:09

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.)