SWKS
Skyworks Solutions, Inc.
September 11, 2026 · intraday
- Rarity
- 1.24
- Peak move
- +9.76%
- Float cap
- $12.4B
Skyworks Solutions, Inc. develops, manufactures, and supplies analog and mixed-signal semiconductor products and solutions for wireless connectivity. Its portfolio supports cellular 5G, Wi-Fi, GPS, Bluetooth, and other protocols used in smartphones, automotive, broadband, connected home, industrial, medical, aerospace, and defense applications. The company sells worldwide to original equipment manufacturers, smartphone providers, and baseband reference design partners.
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What we found
14 events · 2 from SEC or newswire · 4 timed with the move- Timed with the move
executive_remarkSkyworks CEO Phil Brace said at the Goldman Sachs Communacopia + Technology Conference that the $22B Qorvo merger is in its final stages, with HSR and FTC waiting periods expired and debt financing complete, expected to close within the calendar year or as early as the fiscal year, targeting $500M in cost synergies over 24-36 months.
- Key eventTimed with the move
buybackSkyworks outlined a new capital allocation framework at the Goldman Sachs conference including a new $2B share repurchase authorization running to January 2029, replacing the prior authorization that was due to expire in February 2027, and the elimination of the quarterly dividend.
- Timed with the move
dividend_changeSkyworks said it will no longer declare a quarterly dividend, ending a payout that had yielded about 4.75%, redirecting that capital toward buybacks, deleveraging and M&A as part of a new capital allocation framework.
- Timed with the move
operating_metricsSkyworks CEO Phil Brace said the combined company's data-center-related businesses are growing at least 50% year over year and are supply constrained with book-to-bill above one, citing power isolation and low-jitter timing products used in AI data centers, with broad markets at about 43% of revenue and Wi-Fi 7 in the middle of its upgrade cycle.
acquisition_acquirerQorvo shareholders are set to receive $32.50 in cash plus 0.960 shares of Skyworks per Qorvo share, with Skyworks holders owning about 63% of the combined company and Qorvo holders 37%, and the combined entity carrying roughly $7.7B pro-forma revenue.
investor_dayBrace said Skyworks' data-center business is growing at least 50% year over year and is supply constrained with book-to-bill above one, and broad markets were 43% of most recent quarter revenue; the combined Skyworks-Qorvo company targets $500 million in cost synergies over 24-36 months, with a roughly $5.5 billion mobile business and $2.5-$2.6 billion non-mobile, and long-term targets of 50-55% gross margin, 30-35% operating margin and 35-40% EBITDA margin.
- Key event
major_contractCEO Phil Brace cited a multi-generational design win with a major U.S. Android provider extending through 2030 with products shipping in 2031, which he described as roughly a $1 billion opportunity.
operating_metricsSkyworks guided fiscal Q4 2026 revenue to $1.01-$1.06 billion with adjusted EPS of $1.27, gross margin of 44-45%, mobile up more than 15% sequentially on the largest customer's new product launch and broad markets up about 5% year over year at roughly 39% of sales.
analyst_ratingMizuho lowered its Skyworks price target to $52.00 from $55.00 with an underperform rating, TD Cowen cut its target to $65.00 from $75.00 with a hold rating, and Bank of America reiterated underperform with a $65.00 target.
debt_financingSkyworks said it completed roughly $2 billion of acquisition debt financing to fund the Qorvo transaction at favorable interest rates, securing the cash portion of the $32.50-per-share cash and 0.960-share stock consideration.
- Key event
regulatory_approvalSkyworks disclosed that the Hart-Scott-Rodino and U.S. Federal Trade Commission waiting periods for its $22 billion Qorvo combination expired without further action, leaving China's SAMR review in its phase-three final stage with two jurisdictions outstanding.
insider_saleSkyworks CFO Philip Matthew Carter exercised options for 19,834 shares and had 5,046 shares withheld at $75.38 for $380,367 in taxes, a compensation transaction rather than an open-market trade.
SEC4 0001976916-26-000003institutional_flowHSBC Holdings cut its Skyworks Solutions stake by 32.0% in the second quarter, selling 148,542 shares and retaining 315,906 shares worth about $21.5 million, per its latest SEC filing.
debt_financingSkyworks extended its exchange offers for Qorvo senior notes to 5:00 p.m. ET on September 11, 2026, offering up to $850M of new 4.375% notes due 2029 and up to $700M of new 3.375% notes due 2031, with about 90.3% of 2029 notes and 93.29% of 2031 notes tendered, as it advances its $22 billion Qorvo acquisition.