How did Skyworks perform on a GAAP versus non-GAAP basis this quarter?

GAAP operating income was $103.8 million with GAAP diluted EPS of $0.53, while non-GAAP operating income was $252.1 million with non-GAAP diluted EPS of $1.54. The filing reconciles the difference mainly to share-based compensation of $57.7 million, acquisition-related expenses of $37.1 million, amortization of acquisition-related intangibles of $37.9 million, and restructuring and other charges of $15.5 million.

What is Skyworks guiding for the March 2026 quarter?

Management anticipates revenue of $875 million to $925 million and non-GAAP diluted EPS of $1.04 at the midpoint of that revenue range. Mobile is expected to decline approximately 20% sequentially, while Broad Markets is expected to be approximately flat sequentially, representing 44% of sales.

What dividend did the board declare?

The board declared a cash dividend of $0.71 per share on the common stock, payable March 17, 2026, to stockholders of record at the close of business on February 24, 2026. Dividends paid in the quarter totaled $106.4 million.

What drove the quarter's results according to management?

CEO Phil Brace said results were above expectations for the fourth consecutive quarter, with outperformance across revenue, gross margin, and non-GAAP earnings. He cited Mobile exceeding its outlook on healthy sell-through and operational execution, and Broad Markets scaling with growth led by Wi-Fi 7 and data center and cloud infrastructure programs.

What risks does the filing highlight related to pending transactions?

The forward-looking statements cite the proposed merger transactions with Qorvo, Inc., including risks that expected benefits may not materialize, that regulatory approvals may be delayed or conditioned, and that integration may not achieve expected synergies. They also reference reduced operating flexibility from indebtedness incurred in connection with a Silicon Laboratories Inc. transaction and the substantial additional indebtedness expected from the Qorvo transaction.

SWKS 8-K: Earnings & Results

01—Abstract

Summary

Summary of the 8-K filed February 3, 2026. Cited figures are marked; the original filing is the authoritative source.

Skyworks Solutions, Inc. (SWKS) reported first fiscal quarter 2026 results for the three months ended January 2, 2026, with revenue of $1.035 billion^a, compared with $1.0685 billion in the year-ago quarter.

GAAP operating income was $103.8 million^b, and GAAP diluted EPS was $0.53. On a non-GAAP basis, operating income was $252.1 million and diluted EPS was $1.54. Management said results exceeded its expectations for the fourth consecutive quarter, citing Mobile strength and Broad Markets growth led by Wi-Fi 7 and data center and cloud infrastructure programs.

GAAP net income was $79.2 million^c, down from $162.0 million a year earlier, and operating cash flow was $395.5 million, with non-GAAP free cash flow of $339.0 million. For the March 2026 quarter, Skyworks guided revenue of $875 million to $925 million and non-GAAP diluted EPS of $1.04 at the midpoint of the revenue range. Management anticipates Mobile will decline approximately 20% sequentially, consistent with historical seasonality, while Broad Markets is expected to be approximately flat sequentially and represent 44% of sales.

The company also declared a quarterly cash dividend of $0.71^d per share, payable March 17, 2026, to holders of record on February 24, 2026. The filing's forward-looking statements cite the proposed merger transactions with Qorvo, Inc., and indebtedness incurred in connection with a transaction with Silicon Laboratories Inc., along with substantial additional indebtedness expected from the Qorvo transaction. Balance sheet debt was $996.2 million as of January 2, 2026, and cash, cash equivalents, and marketable securities totaled $1,568.6 million.

02—Key points

Key Highlights

Revenue of $1.035 billion for the quarter, versus $1.0685 billion in the December 27, 2024 quarter.
GAAP diluted EPS of $0.53 and non-GAAP diluted EPS of $1.54; GAAP operating margin of 10.0% and non-GAAP operating margin of 24.3%.
Operating cash flow of $395.5 million and non-GAAP free cash flow of $339.0 million, after capital expenditures of $56.5 million.
March quarter guidance of $875 million to $925 million in revenue and non-GAAP diluted EPS of $1.04 at the revenue midpoint; Mobile expected to decline approximately 20% sequentially.
Quarterly cash dividend of $0.71 per share, payable March 17, 2026, to stockholders of record as of February 24, 2026.
Pending transactions with Qorvo, Inc. are referenced in the forward-looking statements, along with expected additional indebtedness tied to the Qorvo transaction.
Cash, cash equivalents, and marketable securities of $1,568.6 million, against debt of $996.2 million as of January 2, 2026.

03—Questions

Frequently Asked Questions

How did Skyworks perform on a GAAP versus non-GAAP basis this quarter?
GAAP operating income was $103.8 million with GAAP diluted EPS of $0.53, while non-GAAP operating income was $252.1 million with non-GAAP diluted EPS of $1.54. The filing reconciles the difference mainly to share-based compensation of $57.7 million, acquisition-related expenses of $37.1 million, amortization of acquisition-related intangibles of $37.9 million, and restructuring and other charges of $15.5 million.
What is Skyworks guiding for the March 2026 quarter?
Management anticipates revenue of $875 million to $925 million and non-GAAP diluted EPS of $1.04 at the midpoint of that revenue range. Mobile is expected to decline approximately 20% sequentially, while Broad Markets is expected to be approximately flat sequentially, representing 44% of sales.
What dividend did the board declare?
The board declared a cash dividend of $0.71 per share on the common stock, payable March 17, 2026, to stockholders of record at the close of business on February 24, 2026. Dividends paid in the quarter totaled $106.4 million.
What drove the quarter's results according to management?
CEO Phil Brace said results were above expectations for the fourth consecutive quarter, with outperformance across revenue, gross margin, and non-GAAP earnings. He cited Mobile exceeding its outlook on healthy sell-through and operational execution, and Broad Markets scaling with growth led by Wi-Fi 7 and data center and cloud infrastructure programs.
What risks does the filing highlight related to pending transactions?
The forward-looking statements cite the proposed merger transactions with Qorvo, Inc., including risks that expected benefits may not materialize, that regulatory approvals may be delayed or conditioned, and that integration may not achieve expected synergies. They also reference reduced operating flexibility from indebtedness incurred in connection with a Silicon Laboratories Inc. transaction and the substantial additional indebtedness expected from the Qorvo transaction.

04—Continue

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