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Jan 02
Skyworks Q1 2026 Earnings Report
Skyworks reported strong first fiscal quarter 2026 performance driven by mobile and broad markets.
Key Takeaways
Skyworks Solutions, Inc. announced robust results for the first fiscal quarter of 2026, surpassing expectations for the fourth consecutive quarter. The company achieved $1.035 billion in revenue, with strong contributions from both mobile and broad markets. GAAP diluted EPS stood at $0.53, while non-GAAP diluted EPS reached $1.54. Operating cash flow was $396 million, and free cash flow was $339 million.
Revenue for Q1 FY26 was $1.035 billion, exceeding expectations.
GAAP diluted EPS was $0.53, and non-GAAP diluted EPS was $1.54.
Operating cash flow reached $396 million, with free cash flow at $339 million.
Mobile market performance surpassed outlook due to healthy sell-through and operational execution, while Broad Markets scaled with accelerating growth from Wi-Fi 7 and data center programs.
Forward Guidance
For the March quarter, Skyworks anticipates revenue between $875 million and $925 million, with non-GAAP diluted earnings per share of $1.04 at the mid-point of the revenue range. Mobile revenue is expected to decline approximately 20% sequentially, consistent with historical seasonality, while Broad Markets are projected to be approximately flat sequentially, representing 44% of sales, and up high-single-digits year-over-year.
Positive Outlook
- Broad Markets are expected to be approximately flat sequentially.
- Broad Markets are anticipated to be up high-single-digits year-over-year.
- Non-GAAP diluted earnings per share are projected at $1.04 at the mid-point of the revenue range.
- Continued scaling of Broad Markets with accelerating growth.
- Strong performance in Wi-Fi 7 and data center and cloud infrastructure programs.
Challenges Ahead
- Mobile revenue is anticipated to decline approximately 20% sequentially.
- The decline in Mobile revenue is consistent with historical seasonality.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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