SWKS
Skyworks Solutions, Inc.
October 9, 2026 · market open
- Rarity
- 1.29
- Peak move
- −8.10%
- Float cap
- $12.0B
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
18 events · 0 from SEC or newswire · 1 timed with the move- Timed with the move
customer_lossNikkei Asia reported that Apple told some suppliers to cut iPhone 18 Pro and iPhone 18 Pro Max component orders for October by 15% to 20% versus initial plans, citing weaker-than-expected demand after $100 price hikes driven by soaring memory chip costs.
analyst_ratingMizuho raised its price target on Skyworks to $61 from $52 while keeping an Underperform rating, updating its model after the Qorvo deal close.
debt_financingSkyworks announced the final results of its exchange offers for Qorvo's senior notes, with 91.70% of the 4.375% notes due 2029 and 92.44% of the 3.375% notes due 2031 tendered, and will issue $778.1 million of new 2029 notes and $646.8 million of new 2031 notes.
product_launchSkyworks announced its Si829x isolated safety gate driver, featuring ProVCD technology, has been qualified and is ready for customer evaluation.
analyst_ratingKeyBanc downgraded Skyworks to Sector Weight from Overweight, flagging that smartphones account for over 60% of revenue and citing weakness across major phone makers.
insider_saleA Form 4 disclosed October 7, 2026 showed Skyworks director Robert A. Bruggeworth sold 149,600 Skyworks shares on October 5, 2026.
analyst_ratingBofA raised its price target on Skyworks to $78 from $65 while keeping an Underperform rating after the company completed its Qorvo combination on October 5, saying much of the benefit appears priced in ahead of November 3 EPS.
debt_financingSkyworks filed an 8-K on October 7, 2026 disclosing a Fourth Supplemental Indenture authorizing up to $850 million of 4.375% Senior Notes due 2029, issued in exchange for Qorvo's 2029 notes.
macro_dataThe Philadelphia Semiconductor Index slipped 1.15% on October 7, 2026 as the 10-year Treasury yield touched about 5.36% and Fed minutes pointed to another rate increase.
dividend_changeSkyworks ended its quarterly dividend, last paid at $0.71 per share, saying it would not declare a quarterly dividend going forward and redirecting cash to a new $2 billion buyback and Qorvo deal debt.
peer_disclosureQualcomm reported fiscal Q3 revenue of $9.95 billion, with handset revenue down 20% and automotive up 61% to $1.588 billion, and its CFO expects about a 50% drop in Apple-related revenue from September to December.
notable_investor_commentJim Cramer said on CNBC that Skyworks is a buy after completing its Qorvo merger, calling the combined RF chipmaker a pretty good company while noting cellphone chips have been a bad area.
analyst_ratingB. Riley upgraded Skyworks to Buy with a $107 price target on October 6, citing the faster-than-expected Qorvo deal closure, immediate EPS accretion and the $500 million cost-savings plan.
analyst_ratingCitigroup raised its price target on Skyworks to $90.00 on October 6, 2026, staying neutral on the shares.
acquisition_acquirerSkyworks completed its approximately $22 billion merger with Qorvo on October 5, 2026, with each Qorvo share converted into $32.50 in cash plus 0.960 Skyworks shares, leaving legacy Skyworks holders with about 63% and Qorvo holders about 37% of the combined company.
board_changeIn connection with the Qorvo merger closing, Skyworks expanded its board to eleven directors, adding Qorvo designees Robert A. Bruggeworth, Richard L. Clemmer and Christopher R. Koopmans, while Kevin L. Beebe resigned without disagreement.
executive_appointmentEffective on the Qorvo merger close, Robert Terry ceased serving as Skyworks Senior Vice President, General Counsel and Secretary, and Jason K. Givens, formerly Qorvo's SVP and General Counsel, took the same roles at Skyworks.
debt_financingSkyworks issued $2.0 billion of senior notes, including $800 million of 5.000% notes due 2028, $600 million of 5.750% notes due 2032 and $600 million of 6.250% notes due 2036, to fund the cash portion of the Qorvo merger consideration.