Skyworks Q1 revenue beats expectations on Mobile performance

Overview

• Semiconductor firm's fiscal Q1 revenue of $1.035 bln beat analyst expectations

• Adjusted EPS for fiscal Q1 beat analyst expectations

• Company highlights strong performance in mobile and broad markets

Outlook

• Skyworks anticipates Q2 2026 revenue between $875 mln and $925 mln

• Company expects Q2 2026 non-GAAP EPS of $1.04

• Skyworks forecasts 20% sequential decline in Mobile segment for Q2 2026

Result Drivers

• MOBILE PERFORMANCE - Mobile segment exceeded Co's expectations due to healthy sell-through and solid operational execution

• BROAD MARKETS GROWTH - Broad Markets segment saw accelerating growth led by Wi-Fi 7 and data center programs

• AUTOMOTIVE EXPANSION - Expanded automotive connectivity programs with leading OEMs like Volkswagen and BYD

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 21 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the semiconductors peer group is "buy."

• Wall Street's median 12-month price target for Skyworks Solutions Inc is $73.00, about 28.5% above its February 2 closing price of $56.83

• The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release: ID:nGNX3GwR0N

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