Q3 2026 Skyworks Solutions Inc Earnings Call Transcript
Key Points
- Skyworks Solutions Inc (SWKS) reported revenue of $935 million, exceeding the midpoint of their guidance.
- The company announced a new $2 billion stock repurchase program, indicating a strong commitment to returning capital to shareholders.
- Skyworks Solutions Inc (SWKS) is optimistic about closing the Qorvo combination within the calendar year, which is expected to be immediately accretive to non-GAAP EPS.
- The company reported strong growth in its broad markets segment, with revenue up 8% year-over-year, driven by data center and automotive sectors.
- Skyworks Solutions Inc (SWKS) is well-positioned for the fall season with healthy demand in mobile and successful new product ramps at its largest Android customer.
- Input costs remain a headwind, impacting gross margins, which were approximately 45% for the quarter.
- The company decided not to declare a quarterly dividend going forward, which may disappoint income-focused investors.
- Skyworks Solutions Inc (SWKS) faces supply constraints in its broad markets segment, particularly in the data center business.
- The company is experiencing some softness in consumer-exposed areas of its broad markets business.
- There is ongoing pressure on gross margins due to rising input costs, which the company is trying to offset through cost reductions and selective pricing adjustments.
Good afternoon, and welcome to Skyworks third quarter 2026 earnings conference call. This call is being recorded. At this time, I will turn the call over to Raji Gill, Vice President of Investor Relations for Skyworks. Mr. Gill, please go ahead.
Thank you, operator. Good afternoon, everyone, and welcome to Skyworks third fiscal quarter 2026 conference call. With me today for our prepared remarks are Phil Brace, our Chief Executive Officer and President; and Philip Carter, Chief Financial Officer and Senior Vice President of Skyworks.
This call is being broadcast over the web and can be accessed from the investor relations section of the company's website at skyworksinc.com. In addition, the company's prepared remarks will be made available on our website promptly after the conclusion during the call.
Before we begin, I would like to remind everyone that our discussion will include statements relating to future results and expectations that are or may be considered
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