Skyworks Solutions reported third-quarter 2026 results with revenue of $934.8M and diluted EPS of $0.22, as net income fell to $33.9M from $105M a year earlier amid customer mix challenges and pricing pressure.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$934.8M$965M(3.1%) | Net income²$33.9M$105M(67.7%) | Diluted EPS³$0.22$0.7(68.6%) |
¹ Reported as “Net revenue”. ² Reported as “Net income”. ³ Reported as “Diluted earnings per share”.
Business Highlights
- Revenue declined about 3% year-over-year, weighed by market share loss at a major customer despite strength in automotive and data center demand.
- Growth in automotive, data center and Wi‑Fi products partially offset softness and unfavorable product mix.
- Gross margin came under pressure from mix shifts and ASP erosion; company is pursuing volume, manufacturing efficiency and higher‑value product growth.
- Pending merger with Qorvo is advancing through regulatory review and is expected to reshape the product portfolio and go‑to‑market reach.
- Operational actions included facility consolidations and closures and increased R&D investment to accelerate new technologies and products.
Original SEC Filing:
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