Skyworks Solutions forecasts higher revenue on strong chip demand

Skyworks Solutions

05/05/2026 21:25

May 5 (Reuters) - Skyworks Solutions SWKS.O forecast quarterly revenue above estimates on Tuesday, betting on strong demand for its radio-frequency chips used in premium smartphones.

Shares of the Irvine, California-based company rose more than 1% in extended trading.

Skyworks, which sells analog and mixed-signal wireless communication chips to customers across the automotive, industrial and consumer electronics sectors, is a key supplier of radio-frequency components for Apple's AAPL.O 5G iPhones.

Last month, Apple forecast sales growth above Wall Street estimates, betting on demand for the iPhone 17 as it fends off supply chain pressures and rising memory chip prices.

Skyworks expects third-quarter revenue between $900 million and $950 million, compared with analysts' average estimate of $861.3 million, according to data compiled by LSEG.

Quarterly adjusted profit is expected to be $1.03 per share at the midpoint of the forecasted revenue range, compared with estimates of 93 cents per share.

“Mobile outperformed expectations on healthy demand, while Broad Markets continues to accelerate, delivering double-digit year-over-year growth driven by Wi-Fi, data center and automotive,” CEO Phil Brace said.

The radio chipmaker reported second-quarter revenue of $943.7 million, compared with estimates of $899.3 million.

Adjusted profit for the quarter came in at  $1.15 per share, beating estimates of $1.03 per share.

(Reporting by Anhata Rooprai in Bengaluru; Editing by Jonathan Ananda)

((Anhata.Rooprai@thomsonreuters.com))