# Skyworks Solutions, Inc. (SWKS)

> Source: Nexqual · https://nexqual.com/SWKS · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Skyworks Solutions, Inc. (SWKS), nexqual.com/SWKS" · informational, not investment advice.

**Price:** USD 82.39 (+0.21% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 82.22 · day 80–82.51 · 52w 51.93–92.8 · market cap $19.4B · NMS

## Key facts
- Last four reported quarters (through Jul 3, 2026): revenue $4.01B, net income $290M (7.2% margin), free cash flow $434M (SEC filings).
- Valuation: P/E 66.8x (avg 22.7x at the last 3 fiscal year-ends), EV/EBITDA 32.1x, net cash $302M.
- 1 of 80 tracked superinvestors hold SWKS (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Analysts: Hold (mean 2.96 on a 1–5 scale) (24 analysts), mean target USD 77.51 (range 61–107).
- Total return with dividends: 1Y +12.3% vs S&P 500 +14.9%; 5Y -42.5% vs S&P 500 +80.3%.
- Next earnings: 2026-11-03, EPS estimate USD 1.27, revenue estimate $1.04B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $5.11B | $5.49B | $4.77B | $4.18B | $4.09B | $4.01B |
| Gross profit | $2.51B | $2.60B | $2.11B | $1.72B | $1.68B | — |
| Operating income | $1.61B | $1.53B | $1.13B | $637M | $500M | $305M |
| Net income | $1.50B | $1.28B | $983M | $596M | $477M | $290M |
| EPS (diluted) | $8.97 | $7.81 | $6.13 | $3.69 | $3.08 | — |
| Free cash flow | $1.13B | $935M | $1.65B | $1.67B | $1.11B | $434M |
| Gross margin | 49.2% | 47.5% | 44.2% | 41.2% | 41.2% | — |
| Operating margin | 31.6% | 27.8% | 23.6% | 15.3% | 12.2% | 7.6% |
| Net margin | 29.3% | 23.2% | 20.6% | 14.3% | 11.7% | 7.2% |
| Revenue growth | +52.3% | +7.4% | -13.0% | -12.5% | -2.2% | — |
| Cash + short-term investments | $1.02B | $586M | $734M | $1.56B | $1.37B | — |
| Total debt | $2.24B | $2.19B | $1.29B | $994M | $996M | — |
Fiscal years end Oct. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jul 3, 2026)
P/E 66.8x · P/S 4.8x · EV/EBITDA 32.1x · EV/Sales 4.8x · P/FCF 44.6x · P/B 3.4x · FCF yield 2.24% · Earnings yield 1.50% · Dividend yield (paid, TTM) 2.20% · Net cash $302M · EV $19.1B
P/E at fiscal year-ends: Oct 2025 25.3x, Sep 2024 26.8x, Sep 2023 16.1x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold SWKS. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Richard Pzena | Pzena Investment Management | 3.18% | $1.08B | Reduced -0.8% |

## Analysts
Consensus Hold (mean 2.96 on a 1–5 scale), 24 analysts; mean target USD 77.51 (low 61, high 107).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-21 | Susquehanna | Target raised | Neutral | $65 → $90 |
| 2026-10-09 | Mizuho | Target raised | Underperform | $52 → $61 |
| 2026-10-06 | Citigroup | Target raised | Neutral | $64 → $90 |
| 2026-10-06 | B. Riley Securities | Upgrade | Neutral → Buy | $68 → $107 |
| 2026-10-01 | RBC Capital | Target raised | Sector Perform | $70 → $95 |
| 2026-08-21 | BMO Capital | Initiated | Market Perform | $70 |
| 2026-07-29 | Morgan Stanley | Target lowered | Equal-Weight | $76 → $72 |
| 2026-07-29 | JP Morgan | Target lowered | Neutral | $70 → $65 |
| 2026-07-29 | Stifel | Target lowered | Hold | $75 → $70 |
| 2026-07-29 | TD Cowen | Target lowered | Hold | $75 → $65 |
| 2026-07-29 | Mizuho | Target lowered | Underperform | $55 → $52 |
| 2026-07-29 | UBS | Target raised | Neutral | $65 → $70 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +12.3% | -42.5% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +12.3% | -10.5% |
| Volatility (annualized) | 50.9% | 38.7% |
| Max drawdown | -33.0% (Oct 2025→Mar 2026) | -65.5% (Oct 2021→Mar 2025) |

## Peers (Semiconductors)
TSEM (Tower Semiconductor Ltd.) USD 167.71 -11.52% · MTSI (MACOM Technology Solutions Hold) USD 229.73 -15.87% · GFS (GlobalFoundries Inc.) USD 43.37 -9.08% · CBRS (Cerebras Systems Inc.) USD 108.94 -7.66% · SITM (SiTime Corporation) USD 462.72 -9.13% · LSCC (Lattice Semiconductor Corporati) USD 96.4 -10.57%

## More
Full page: https://nexqual.com/SWKS · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in SWKS's own 10-K filed 2025-11-07 (https://www.sec.gov/Archives/edgar/data/4127/000000412725000085/swks-20251003.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Apple (AAPL) | "In each of the fiscal years ended October 3, 2025 ("fiscal 2025"), September 27, 2024 ("fiscal 2024"), and September 29, 2023 ("fiscal 2023"), Apple, through sales to multiple distributors and contract manufacturers for …" |
| Customer | Amazon (AMZN) | "Our key customers include Amazon, Apple Inc. ("Apple"), Arcadyan, Arris, Bose, Ciena, Cisco, Ericsson, Fibocom, Garmin, Gemalto (a Thales company), General Electric, Google, Honeywell, Itron, Lenovo, LG Electronics, Micr…" |
| Customer | Cisco (CSCO) | "Our key customers include Amazon, Apple Inc. ("Apple"), Arcadyan, Arris, Bose, Ciena, Cisco, Ericsson, Fibocom, Garmin, Gemalto (a Thales company), General Electric, Google, Honeywell, Itron, Lenovo, LG Electronics, Micr…" |
| Customer | Alphabet (Google) (GOOGL) | "Our key customers include Amazon, Apple Inc. ("Apple"), Arcadyan, Arris, Bose, Ciena, Cisco, Ericsson, Fibocom, Garmin, Gemalto (a Thales company), General Electric, Google, Honeywell, Itron, Lenovo, LG Electronics, Micr…" |
| Customer | Honeywell (HON) | "Our key customers include Amazon, Apple Inc. ("Apple"), Arcadyan, Arris, Bose, Ciena, Cisco, Ericsson, Fibocom, Garmin, Gemalto (a Thales company), General Electric, Google, Honeywell, Itron, Lenovo, LG Electronics, Micr…" |
| Customer | Lenovo | "Our key customers include Amazon, Apple Inc. ("Apple"), Arcadyan, Arris, Bose, Ciena, Cisco, Ericsson, Fibocom, Garmin, Gemalto (a Thales company), General Electric, Google, Honeywell, Itron, Lenovo, LG Electronics, Micr…" |
| Customer | Microsoft (MSFT) | "Our key customers include Amazon, Apple Inc. ("Apple"), Arcadyan, Arris, Bose, Ciena, Cisco, Ericsson, Fibocom, Garmin, Gemalto (a Thales company), General Electric, Google, Honeywell, Itron, Lenovo, LG Electronics, Micr…" |
| Customer | Samsung Electronics | "Our key customers include Amazon, Apple Inc. ("Apple"), Arcadyan, Arris, Bose, Ciena, Cisco, Ericsson, Fibocom, Garmin, Gemalto (a Thales company), General Electric, Google, Honeywell, Itron, Lenovo, LG Electronics, Micr…" |
| Customer | Sony (SONY) | "Our key customers include Amazon, Apple Inc. ("Apple"), Arcadyan, Arris, Bose, Ciena, Cisco, Ericsson, Fibocom, Garmin, Gemalto (a Thales company), General Electric, Google, Honeywell, Itron, Lenovo, LG Electronics, Micr…" |
| Customer | Tesla (TSLA) | "Our key customers include Amazon, Apple Inc. ("Apple"), Arcadyan, Arris, Bose, Ciena, Cisco, Ericsson, Fibocom, Garmin, Gemalto (a Thales company), General Electric, Google, Honeywell, Itron, Lenovo, LG Electronics, Micr…" |
| Customer | Xiaomi | "Our key customers include Amazon, Apple Inc. ("Apple"), Arcadyan, Arris, Bose, Ciena, Cisco, Ericsson, Fibocom, Garmin, Gemalto (a Thales company), General Electric, Google, Honeywell, Itron, Lenovo, LG Electronics, Micr…" |
| Competitor | Qorvo (QRVO) | "Our competitors include Analog Devices, Broadcom, Cirrus Logic, Murata Manufacturing, NXP Semiconductors, Qorvo, Qualcomm, and Texas Instruments." |
| Competitor | Analog Devices (ADI) | "Our competitors include Analog Devices, Broadcom, Cirrus Logic, Murata Manufacturing, NXP Semiconductors, Qorvo, Qualcomm, and Texas Instruments." |
| Competitor | Broadcom (AVGO) | "Our competitors include Analog Devices, Broadcom, Cirrus Logic, Murata Manufacturing, NXP Semiconductors, Qorvo, Qualcomm, and Texas Instruments." |
| Competitor | Cirrus Logic (CRUS) | "Our competitors include Analog Devices, Broadcom, Cirrus Logic, Murata Manufacturing, NXP Semiconductors, Qorvo, Qualcomm, and Texas Instruments." |
| Competitor | NXP Semiconductors (NXPI) | "Our competitors include Analog Devices, Broadcom, Cirrus Logic, Murata Manufacturing, NXP Semiconductors, Qorvo, Qualcomm, and Texas Instruments." |
| Competitor | Qualcomm (QCOM) | "Our competitors include Analog Devices, Broadcom, Cirrus Logic, Murata Manufacturing, NXP Semiconductors, Qorvo, Qualcomm, and Texas Instruments." |
| Competitor | Texas Instruments (TXN) | "Our competitors include Analog Devices, Broadcom, Cirrus Logic, Murata Manufacturing, NXP Semiconductors, Qorvo, Qualcomm, and Texas Instruments." |

Other companies that name SWKS in their own reports (relationship from SWKS's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| competitor | AXT INC (AXTI) | 10-K 2026-03-17 | "We face competition for our wafer substrate products from other manufacturers of substrates, such as Sumitomo, JX, Freiberger, Umicore, Vital and CCTC, and from companies, such as Qorvo and Skyworks, …" |
| competitor | MACOM Technology Solutions Holdings, Inc. (MTSI) | 10-K 2025-11-14 | "We primarily compete with Analog Devices, Inc. ("ADI"), Broadcom Inc. ("Broadcom"), Credo Technology Group Holding Ltd. ("Credo"), Marvell Technology Inc. ("Marvell"), MaxLinear Inc. ("MaxLinear"), Mi…" |
| partner | QUALCOMM INC/DE (QCOM) | 10-K 2025-11-05 | "Examples (some of which are strategic partners of ours in other areas) include Broadcom, HiSilicon, MediaTek, Mobileye, Nvidia, NXP Semiconductors, Qorvo, Samsung, Skyworks, Texas Instruments and UNIS…" |

## Revenue by region (quarter ended 2026-07-03)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States | $704.9M | 75.4% | -2.7% |
| Taiwan | $72.5M | 7.8% | -4.4% |
| China | $66.6M | 7.1% | +3.1% |
| EMEA | $45.3M | 4.8% | +2.0% |
| South Korea | $35.9M | 3.8% | -21.1% |
| Asia Other | $9.6M | 1.0% | -4.0% |
| Total revenue | $934.8M | 100% | — |

## Customer concentration

Period ended 2025-10-03: 67% of revenue from unnamed direct customers (10-K, filed 2025-11-07).

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $1.27 | $1.30 | -2.4% | $1.04B | 20 |
| Next quarter (ends 2026-12-31) | $1.55 | $1.37 | +13.2% | $2.00B | 5 |
| Current fiscal year (ends 2026-09-30) | $5.03 | $5.00 | +0.5% | $3.95B | 23 |
| Next fiscal year (ends 2027-09-30) | $5.89 | $5.13 | +14.7% | $7.60B | 6 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-03): ±13.9%; last 8 reports averaged ±5.9%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 62.0% | ±13.9% |
| 2026-12-18 | 56 | 55.4% | ±17.3% |
| 2027-01-15 | 84 | 54.9% | ±21.0% |
| 2027-02-19 | 119 | 56.6% | ±25.6% |
| 2027-03-19 | 147 | 54.1% | ±27.1% |
| 2027-05-21 | 210 | 54.5% | ±32.5% |
| 2027-06-17 | 237 | 54.3% | ±34.3% |
| 2027-09-17 | 329 | 54.8% | ±40.6% |