Skyworks FY2026: $3.96B revenue, $1.14 GAAP EPS, Qorvo era begins
Skyworks closed fiscal 2026 with soft stand-alone numbers — revenue of $3.96 billion, down 3.1%, and GAAP EPS of $1.14 — then immediately pivoted the story to Qorvo. The roughly $1.98 billion combined September quarter, not the reported $1.05 billion, is now the base to anchor on. Read the scorecard as a legacy-business autopsy and the guidance as merger arithmetic.
1 · Expected vs. Actual
Free preview belowFourth-quarter non-GAAP EPS of $1.28 landed just below the $1.2981 consensus, while GAAP EPS was $0.15 after $82.1 million of restructuring and impairment and a $66.2 million asset impairment charge. For the full year, non-GAAP EPS was $5.05 against GAAP EPS of $1.14. The bridge between the two is mostly $218.4 million of share-based compensation and $140.7 million of acquisition-related amortization.
Full-year revenue of $3.96 billion was 3.1% below the $4.09 billion booked a year earlier, and the fourth quarter's $1.05 billion was 5.0% lower year over year. Sequentially, though, the quarter rose 11.9% from $934.8 million. Management wants investors to use the roughly $1.98 billion combined September quarter as the real starting line.
The December-quarter guide is $1.80 billion to $1.90 billion of revenue and $1.25 of non-GAAP EPS at the midpoint. That revenue midpoint is roughly 7% below the $1.983 billion combined September figure, or about 3% once Qorvo's extra week of roughly $70 million is stripped out. Only about $150 million of the $500 million-plus synergy target is expected to reach operating expenses in fiscal 2027.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-11
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