Skyworks Delivers Solid Third Quarter Fiscal Year 2026 Results; Announces Key Steps Toward Qorvo Combination
Skyworks reported fiscal Q3 revenue of $935 million with non-GAAP diluted EPS of $1.08, exceeding expectations due to double-digit growth in automotive and data center markets. The company provided an update on its pending combination with Qorvo, stating regulatory approvals are progressing and anticipates closing within the calendar year, supported by approximately $2 billion in planned acquisition debt financing. A new capital allocation framework was announced, suspending future quarterly dividends in favor of a new $2 billion stock repurchase program for the combined company.
Key figures
- Eps
- 1.08
- Revenue
- 934800000
- Guidance
- Q4 revenue $1,010 million - $1,060 million; non-GAAP EPS $1.27 at midpoint
- Gaap eps
- 0.22
- Buyback authorization
- 2000000000
- Non gaap operating income
- 181600000
- Acquisition debt financing
- 2000000000
AI analysis
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