SWKS US S&P 500Russell 1000 Earnings call · transcribed from the recording
Skyworks Solutions (SWKS) · Q4 2026 results and valuation
Share price: $87.64 · 2026-11-11
Skyworks Solutions develops, manufactures, and provides analog and mixed-signal semiconductor products for applications in the automotive, industrial, medical, and telecommunications sectors. The company serves global customers in markets including mobile devices, wireless infrastructure, and connected home technology. It operates worldwide with facilities in Asia, Europe, and North America. Source: 10-K annual report (2025-11-07)
Results Q4 2026 vs Q3 2026 · previous quarter · published 3 Nov 2026 and 28 Jul 2026
Management sounded restrained, in its script and in answers to analysts.
Only a basic analysis is available for this company at the moment.
1 · Numbers
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Figures not yet filed
Outlook given
2 · How management spoke
Restrained
Less upbeat than 68% of company calls
Answers to analysts: typical, in line with the script.
Similar to last call.
3 · What stood out
Guidance
Turning to its outlook for the December quarter, its first as a combined company, Skyworks Solutions expects revenue of $1.8 to $1.9 billion.
Valuation
Is Skyworks Solutions undervalued?
Reverse DCF. Free cash flow from the last full fiscal year (2025-10-03), grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.
At −9.3% growth a year (3-year revenue growth), the model's fair value is $49.29 a share — the stock trades 78% above it. Today's price assumes −0.3% growth a year.
Current price
$87.64
close of 2026-11-11
Market implies growth of iThe yearly free-cash-flow growth, for the next 10 years, that today’s share price already assumes. If you believe the company grows faster than this, the stock is cheap under this model; slower, and it is expensive.
-0.3% for 10 yrs
Fair value / share
$49.29
Buy below
$36.97
Price vs fair value
Overvalued 78%
Price vs buy-below price
Overvalued 137%
Read between the lines
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Key theme
Broad markets, which will form part of Skyworks Solutions' diversified growth markets category going forward, delivered revenue of approximately $416 million…
Source quote
“Broad markets, which will form part of our diversified growth markets category going forward, delivered revenue of approximately $416 million... Revenue grew 9% year-over-year in the quarter and approximately 10% for fiscal 2026, driven by strong growth in data center, Wi-Fi, and automotive, despite continued softness in consumer IoT.”
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Guidance
Input costs remain a headwind to margins, and Skyworks Solutions expects that to continue.
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Figure
On a pro-forma combined basis, smartphone revenue was approximately $4.6 billion in fiscal 26, down approximately 11% year-over-year, reflecting the anticipated decline...
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Fading
Three, the expected leadership team for the combined company, and four, a new capital allocation framework.
Source quote
“Three, the expected leadership team for the combined company, and four, a new capital allocation framework. Two, our financing plans. Let me take these first.”
Tone
How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q4 2026. Ring: Q3 2026.
Script and answers carried a similar tone, so the script's message held up under questioning.
Sentences that drove the tone
“Broad markets represented approximately 40% of revenue and grew 9% year-over-year in the quarter and approximately 10% for fiscal 26, led by strong growth in data center, Wi-Fi, and automotive.”
“It's a large and growing part of the company with above average growth margins and exposure to secular growth markets.”
“Over time, an increasing mix of diversified growth markets, manufacturing synergies, improved factory loading, and pricing actions support our path towards our gross margin targets.”
Full figures
Q4 2026 figures are not available yet: the company files its quarterly report (10-Q) a few weeks after the call. This page compares what management said; the figures are added when the report is filed.
Topics
Most discussed now
- Expanded reach across four secular growth markets, physical AI, defense, infrastructure, and automotive.
- Over time, an increasing mix of diversified growth markets, manufacturing synergies, improved factory loading, and pricing actions support…
- New Skyworks Solutions is taking actions to mitigate these costs, including optimizing factory loading, securing long-term supply agreements…
- New As Phil mentioned on the remarks, It takes longer to consolidate factory footprints and look at the technology and merge...
- Timing of power products continued to be a highlight with growing design engagement in AI data center.
Faded since Q3 2026
- Fading In mobile, Skyworks Solutions executed well in what is seasonally a lighter quarter, with revenue slightly ahead of its expectations…
- Fading Skyworks Solutions continues to work toward containing these pressures through disciplined cost controls and selective pricing actions.
- Fading If you recall, Skyworks Solutions actually outperformed the high end of its revenue guidance and a lot of that driven by...
- Fading To your point, increasing internal capacity is definitely some of the increase in CapEx.
Latest announcements
Official filings, newest first. Summaries are generated from each filing and its attachment; every figure is checked against the source.
- Results of operations · SEC 8-K
- Material agreement; New financial obligation · SEC 8-K
Skyworks Solutions, Inc. completed exchange offers for Qorvo Notes, with $779,384,000 of 2029 notes and $647,096,000 of 2031 notes tendered and accepted on October 7, 2026.
- Acquisition or disposal; Director or officer change; Other events · SEC 8-K
Skyworks completed its combination with Qorvo, expecting annual cost synergies of $500 million or more and immediate non-GAAP EPS accretion.
- Other events · SEC 8-K
Skyworks Solutions, Inc. received all necessary regulatory clearances to proceed with its merger with Qorvo, Inc., with an expected closing date of October 5, 2026.
- Other events · SEC 8-K
Skyworks extended the expiration date of its exchange offers for Qorvo's 2029 and 2031 Senior Notes to September 11, 2026, following valid tenders of $767,518,000 and $653,022,000 respectively.
- Material agreement; New financial obligation; Other events · SEC 8-K
Skyworks Solutions, Inc. issued $800,000,000 in 2028 Notes, $600,000,000 in 2032 Notes, and $600,000,000 in 2036 Notes to finance a merger with a cash consideration of approximately $3.00 billion.
- Other events · SEC 8-K
Skyworks Solutions, Inc. entered into a Merger Agreement with Qorvo, Inc. and related entities on October 27, 2025, to acquire Qorvo as a wholly owned subsidiary.
- Other events · SEC 8-K