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High materiality9/10

Skyworks Q3 Beat; Qorvo merger progress supports near-term upside

Jul 28, 2026, 4:03 PM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting

Near-term price lift plausible on merger progress and capital-allocation clarity; potential re-rating if close timing is confirmed and synergies materialize.

AI summary

What happened, with direct paths to the underlying reporting

Skyworks posted Q3 2026 revenue of $935M with GAAP EPS of $0.22 and non-GAAP EPS of $1.08, led by automotive and data-center strength. The company signaled financing for its pending Qorvo merger and unveiled a new $2B stock-repurchase framework, with no dividends, signaling confidence in cash flow and leverage management post-close. The expected calendar-year close could unlock synergies and drive multiple expansion if regulatory approvals proceed smoothly.

  • Q3 2026 revenue $935M; GAAP EPS $0.22; non-GAAP EPS $1.08.
  • Automotive and data center momentum drives Broad Markets growth.
  • Pending Qorvo merger; SKYWORKS optimistic to close within calendar year.
  • Capital framework: $2B buyback; no dividends; debt financing approx. $2B.
  • Sep 2026 quarter guidance: revenue $1.01B–$1.06B; non-GAAP EPS $1.27.

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StockNews.AI groups source reporting, classifies the event, and measures subsequent price movement. This is informational research, not investment advice. Prices may be delayed or unavailable.

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