Skyworks Reports Fiscal Fourth-Quarter Revenue of $1.046 Billion and Full-Year Revenue of $3.96 Billion After Completing Qorvo Combination; First Combined Quart
IRVINE, California — Skyworks Solutions, Inc. (Nasdaq: SWKS) reported on November 3 its fourth fiscal quarter and fiscal year 2026 results for the period ended October 2, 2026, and confirmed that its combination with Qorvo closed on October 5. Because the combination closed after the end of the fiscal fourth quarter, the reported September-quarter results reflect Skyworks on a standalone basis, while the December quarter will be the first reported on a combined basis.
According to the company's earnings release, fourth-quarter revenue was $1,046 million, with GAAP diluted earnings per share of $0.15 and non-GAAP diluted earnings per share of $1.28. For fiscal year 2026, revenue was $3.96 billion, with GAAP diluted earnings per share of $1.14 and non-GAAP diluted earnings per share of $5.05. Chief Financial Officer Philip Carter said combined September-quarter revenue was approximately $1.98 billion, comprising $1,046 million from Skyworks and $937 million from Qorvo, whose fiscal quarter included an additional week contributing approximately $70 million.
For the December quarter, its first as a combined company, Skyworks expects revenue of $1.80 billion to $1.90 billion, including at the midpoint approximately $1.07 billion from legacy Skyworks and approximately $780 million from legacy Qorvo, with non-GAAP diluted earnings per share of $1.25 at the midpoint. The company expects Smartphone revenue to decline in the low teens percent sequentially and Diversified Growth Markets revenue to grow in the low single digits sequentially, representing more than 40 percent of sales. The release also set out synergy targets of approximately $150 million of operating-expense synergies within fiscal 2027, an annualized run rate of approximately $250 million to $300 million exiting fiscal 2027, and $500 million or more of annual cost synergies within 24 to 36 months of closing.
The release said Moody's had upgraded the company to investment grade at Baa3 following the combination and Fitch had affirmed BBB+ with the outlook revised to Stable from Negative. Business highlights included timing design wins across AI data center networking, including 1.6T switches, initial shipments of high-performance clocks for leading AI hyperscalers' rack-scale systems, and an EV traction inverter gate driver win with a German premium automaker. President and Chief Executive Officer Phil Brace said in the release that combining with Qorvo gives the company the scale and technology breadth to lead the next era of wireless.
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Source: Skyworks Solutions
Published by GSM · USA (original Chinese edition)
Photo: Skyworks Solutions（思佳讯）位于加州尔湾的总部。（Wikimedia Commons／CC BY-SA 4.0）| Skyworks Solutions headquarters in Irvine, California. (Wikimedia Commons / CC BY-SA 4.0)
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