Skyworks Solutions
SWKSNASDAQUSD
- Source valuation snapshot. Not a live recalculation.
- Latest filed annual earnings; price snapshot date unavailable. Not forward P/E.
- Diluted earnings per share from the latest filed annual.
- $90.03 Prior regular-session close from the quote source.
- $87.17–$90.66 Regular-session low and high so far today.
- 3.2M Regular-session shares traded · Nov 13, 4:00 PM ET.
- Feb 2 projected Projected for 2027-02-02 from the company’s own results filings (SEC 8-K Item 2.02). The company has not confirmed the date.
- $51.93–$93.24 52-week trading low and high returned by the quote source.
Understand the Business
Why the Stock Moved
Period-matched expectations history is not yet available. Current metrics are not a substitute for a historical explanation.
The core investment thesis
Own SWKS if closed and integrated) materially enlarges product breadth and addressable content.
SWKS price history
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Investment thesis
What must happen next
Continued design wins and increased content per device in smartphones, automotive and 5G/Wi‑Fi infrastructure will sustain and re-accelerate Skyworks' revenue growth over the next several fiscal years.HoldingMateriality: High
Business disclosure: Item 1 describes targeted investments and addressable markets (5G, Wi‑Fi, automotive, AI-capable phones) that should drive content growth. If Skyworks converts design wins into volume/content, revenue and operating leverage will rise and justify the current valuation; failure to do so leaves the company stuck at FY24-25 revenue levels.
Watch: OEMs shift platform-level integration to competitors (e.g., Qualcomm, Broadcom) or internal sourcing that reduces Skyworks' per-device content.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
Business disclosure: Item 1 describes targeted investments and addressable markets (5G, Wi‑Fi, automotive, AI-capable phones) that should drive content growth.
Open source ↗Elevated R&D and SG&A investments to win next‑generation AI/5G/automotive content will keep operating margin below historical peaks until revenue and mix improve.StrengtheningMateriality: High
MD&A: operating expenses increased as R&D rose to 19.2% of revenue in FY25 (from 12.7% in FY23) and SG&A also increased, contributing to operating income falling to 12.2% of revenue in FY25 from 23.6% in FY23. Higher investment today supports future content wins but depresses near-term operating-margin and operating-income; the stock needs margin recovery to justify current multiple.
Watch: Revenue mix shifts toward automotive/infra (higher content per unit) could expand gross and operating margins even with elevated R&D spending.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
MD&A: operating expenses increased as R&D rose to 19.2% of revenue in FY25 (from 12.7% in FY23) and SG&A also.
Open source ↗Skyworks' operating cash flow and balance sheet can bridge the Qorvo transaction financing without destroying liquidity, provided operations remain roughly at FY25 cash generation levels and debt markets are accessible.HoldingMateriality: Medium
Operating cash flow: FY25 $1,300,800,000 and FY24 $1,824,700,000 show material cash generation capacity. If operating cash flow holds (~$1.30B in FY25) and bridge/term financing is executed as planned, the company can fund the cash component and integration; a cash-flow shortfall or denied financing would force equity raises, asset sales, or a failed transaction.
Watch: Debt markets tighten or lenders back away from bridge financing, increasing cost or reducing available liquidity.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
Operating cash flow: FY25 $1,300,800,000 and FY24 $1,824,700,000 show material cash generation capacity.
Open source ↗Shifting revenue mix toward automotive, power management, and infrastructure will raise gross profit dollars and percent over time because those end markets have higher content per unit and pricing durability.HoldingMateriality: Medium
Item 1 Business: targeted investments into electric vehicles, power isolation chips, and 5G infrastructure specifically called out as high-growth segments. If Skyworks successfully grows content in automotive and infrastructure, gross profit will expand even before operating-cost leverage, supporting higher operating income and cash flow.
Watch: Automotive and infrastructure customers increasingly source from competitors (NXP, Infineon, Texas Instruments) or demand localized supply (regional content rules), limiting Skyworks' share.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
Item 1 Business: targeted investments into electric vehicles, power isolation chips, and 5G infrastructure specifically called out as high-growth segments.
Open source ↗The Qorvo merger must deliver measurable revenue cross-sell and cost synergies that raise combined operating income toward FY23 pro forma levels; otherwise the current valuation multiples (EV/EBITDA ~16.1) will be difficult to defend.HoldingMateriality: Medium
MD&A: detailed description of the Merger Agreement, expected pro forma ownership, and bridge financing indicating the transaction is material to capital structure and strategy. The market is partially pricing merger upside; failure to achieve synergy targets or regulatory-mandated divestitures will leave combined earnings depressed and the stock vulnerable to a multiple contraction.
Watch: Regulators impose remedies/asset divestitures or block parts of the deal (antitrust/foreign investment authorities), reducing expected product breadth or synergies.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
MD&A: detailed description of the Merger Agreement, expected pro forma ownership, and bridge financing indicating the transaction is material to.
Open source ↗
Full investment case & evidence
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Original research
Continued design wins and increased content per device in smartphones, automotive and 5G/Wi‑Fi infrastructure will sustain and re-accelerate Skyworks' revenue growth over the next several fiscal years. If Skyworks converts design wins into volume/content, revenue and operating leverage will rise and justify the current valuation; failure to do so leaves the company stuck at FY24-25 revenue levels.
Elevated R&D and SG&A investments to win next‑generation AI/5G/automotive content will keep operating margin below historical peaks until revenue and mix improve. Higher investment today supports future content wins but depresses near-term operating-margin and operating-income; the stock needs margin recovery to justify current multiple.
Skyworks' operating cash flow and balance sheet can bridge the Qorvo transaction financing without destroying liquidity, provided operations remain roughly at FY25 cash generation levels and debt markets are accessible. If operating cash flow holds (~$1.30B in FY25) and bridge/term financing is executed as planned, the company can fund the cash component and integration; a cash-flow shortfall or denied financing would force equity raises, asset sales, or a failed transaction.
Shifting revenue mix toward automotive, power management, and infrastructure will raise gross profit dollars and percent over time because those end markets have higher content per unit and pricing durability. If Skyworks successfully grows content in automotive and infrastructure, gross profit will expand even before operating-cost leverage, supporting higher operating income and cash flow.
The Qorvo merger must deliver measurable revenue cross-sell and cost synergies that raise combined operating income toward FY23 pro forma levels; otherwise the current valuation multiples (EV/EBITDA ~16.1) will be difficult to defend. The market is partially pricing merger upside; failure to achieve synergy targets or regulatory-mandated divestitures will leave combined earnings depressed and the stock vulnerable to a multiple contraction.
All standing thesis claims
Original report summary
closed and integrated) materially enlarges product breadth and addressable content.
Bull case and bear case
Bull case and bear case for Skyworks Solutions
Where the evidence on Skyworks Solutions stands: Holding on the latest evidence (Nov 8, 2026). Of its 5 thesis points, 1 strengthening and 4 holding.
Bull case: what the evidence supports
Continued design wins and increased content per device in smartphones, automotive and 5G/Wi‑Fi infrastructure will sustain and re-accelerate Skyworks' revenue growth over the next several fiscal years.
Elevated R&D and SG&A investments to win next‑generation AI/5G/automotive content will keep operating margin below historical peaks until revenue and mix improve.
Skyworks' operating cash flow and balance sheet can bridge the Qorvo transaction financing without destroying liquidity, provided operations remain roughly at FY25 cash generation levels and debt markets are accessible.
Shifting revenue mix toward automotive, power management, and infrastructure will raise gross profit dollars and percent over time because those end markets have higher content per unit and pricing durability.
The Qorvo merger must deliver measurable revenue cross-sell and cost synergies that raise combined operating income toward FY23 pro forma levels; otherwise the current valuation multiples (EV/EBITDA ~16.1) will be difficult to defend.
Bear case: what would count against it
OEMs shift platform-level integration to competitors (e.g., Qualcomm, Broadcom) or internal sourcing that reduces Skyworks' per-device content.
Revenue mix shifts toward automotive/infra (higher content per unit) could expand gross and operating margins even with elevated R&D spending.
Debt markets tighten or lenders back away from bridge financing, increasing cost or reducing available liquidity.
Company research
Research on Skyworks Solutions
- Reporting · Skyworks Extends Qorvo Debt Swap With 92% of Notes Tendered
Qorvo bondholders have offered about 92% of eligible debt. Participation rose just 0.37 percentage points in ten days, and the merger still has to close.
Thesis-Break Engine
What has broken in Skyworks Solutions’s thesis
Each break OptimistFi flagged on Skyworks Solutions, dated — with what has historically followed the same kind of break across the market, not a forecast for Skyworks Solutions.
- Operating-margin compressioncondition set before this filing
Across all companies, this kind of break has happened 10,660 times before. Those stocks trailed comparable companies by a median of 1% over the next six months, and 36% of them trailed it by 10 points or more.
- Analyst downgradecondition set before this filing
Across all companies, this kind of break has happened 12,641 times before. Those stocks trailed comparable companies by a median of 1% over the next six months, and 33% of them trailed it by 10 points or more.
- CEO / officer changecondition set before this filing
Across all companies, this kind of break has happened 16,849 times before. Those stocks trailed comparable companies by a median of 2% over the next six months, and 38% of them trailed it by 10 points or more.
- Price target fell below the stockcondition set before this filing
Across all companies, this kind of break has happened 1,809 times before. Those stocks trailed comparable companies by a median of 1% over the next six months, and 33% of them trailed it by 10 points or more.
Early warning
The break condition read on the trailing twelve months through Skyworks Solutions’s latest quarterly report, ahead of the annual figure it is written on.
- Operating-margin compression, trailing 12 months
Across all companies, this kind of early warning has happened 2,641 times before. Those stocks trailed comparable companies by a median of 1% over the next six months, and 36% of them trailed it by 10 points or more.
Several kinds of break have stacked on Skyworks Solutions at once. A cluster is a stronger read than any one signal alone.
MARKET + FINANCIAL SNAPSHOT
The numbers behind the thesis
What Changed
- MixedReported results of operations (earnings release).
Skyworks Solutions filed an SEC 8-K on 2026-11-03: Reported results of operations (earnings release). It is a dated development that tests the current thesis.
- MixedEntered a material definitive agreement.
Skyworks Solutions filed an SEC 8-K on 2026-10-07: Entered a material definitive agreement. It is a dated development that tests the current thesis.
- MixedCompleted an acquisition or disposition of assets.
Skyworks Solutions filed an SEC 8-K on 2026-10-05: Completed an acquisition or disposition of assets. It is a dated development that tests the current thesis.
Risks / falsifiers
What could break the thesis
- OEMs shift platform-level integration to competitors (e.g., Qualcomm, Broadcom) or internal sourcing that reduces Skyworks' per-device content.
- Revenue mix shifts toward automotive/infra (higher content per unit) could expand gross and operating margins even with elevated R&D spending.
- Debt markets tighten or lenders back away from bridge financing, increasing cost or reducing available liquidity.
- Automotive and infrastructure customers increasingly source from competitors (NXP, Infineon, Texas Instruments) or demand localized supply (regional content rules), limiting Skyworks' share.
- Regulators impose remedies/asset divestitures or block parts of the deal (antitrust/foreign investment authorities), reducing expected product breadth or synergies.
SWKS news
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Financial statements
SWKS income statement
Annual filed results · USD · Oldest to newest. Margins are calculated from the reported figures.
SWKS: quick answers
- When does Skyworks Solutions (SWKS) report earnings next?
- Skyworks Solutions's next results are projected for February 2, 2027, from the dates of its own results filings with the SEC. The company has not confirmed the date. It last reported on November 3, 2026. Earnings calendar
- What is SWKS's short interest?
- As of October 30, 2026, 23.9M SWKS shares were sold short, 10.2% of its shares outstanding, up 7.6% from the count before. At the stock's average daily volume that is 6.0 days to cover. FINRA publishes the count twice a month. SWKS short interest history
- Have members of Congress traded SWKS?
- Reports made public in the last 90 days disclose 1 trade in SWKS by 1 filer: 0 purchases and 1 sale. They are filed under the STOCK Act by members of Congress, the President and senior officials. Every disclosed SWKS trade