Skyworks Solutions’ first quarter results met Wall Street’s revenue expectations, with management attributing the quarter’s steady revenue to robust performance in both mobile and broad markets, highlighting particularly strong demand in Wi-Fi, data center, and automotive segments. CEO Philip Gordon Brace cited a multigenerational design win with a leading Android device maker as a key driver, stating, “This win reflects our expanding footprint in premium AI-enabled devices and validates our RF content platform.”
Is now the time to buy SWKS? Find out in our full research report (it’s free for active Edge members).
Skyworks Solutions (SWKS) Q1 CY2026 Highlights:
- Revenue: $943.7 million vs analyst estimates of $902.2 million (flat year on year, 4.6% beat)
- Adjusted EPS: $1.15 vs analyst estimates of $1.04 (10.1% beat)
- Adjusted EBITDA: $258.2 million vs analyst estimates of $233.6 million (27.4% margin, 10.5% beat)
- Revenue Guidance for Q2 CY2026 is $925 million at the midpoint, above analyst estimates of $861.7 million
- Adjusted EPS guidance for Q2 CY2026 is $1.03 at the midpoint, above analyst estimates of $0.93
- Operating Margin: 4.5%, down from 10.2% in the same quarter last year
- Inventory Days Outstanding: 144, up from 115 in the previous quarter
- Market Capitalization: $10.55 billion
While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention.
Our Top 5 Analyst Questions From Skyworks Solutions’s Q1 Earnings Call
- Timothy Arcuri (UBS) asked about RF content levels at Skyworks Solutions’ largest customer and the implications of the recent Android design win. CEO Philip Gordon Brace said content levels were stable and the Android win highlights their technology strength.
- Chris Caso (Wolfe Research) asked if the Android win represented a share gain and whether it was incremental. Brace confirmed it was incremental, focused on premium devices, and should help gross margins.
- Edward Francis Snyder (Charter Equity Research) inquired about the stickiness of the Android contract and the company’s strategy regarding re-entering China and Samsung’s business. Brace stated the win is expected to be durable and emphasized a disciplined approach to market participation.
- Christopher Rolland (Susquehanna) requested details on pricing adjustments and gross margin impact due to input cost pressures. Brace and CFO Philip Carter explained that some price increases were passed to customers, and the focus remains on balancing cost containment with long-term margin improvement.
- Peter Peng (JPMorgan) asked for clarification on the revenue trajectory from the Android win and the potential for RF content growth per device. Brace indicated the revenue would rise yearly and noted RF complexity is likely to increase with new wireless standards and device form factors.
Catalysts in Upcoming Quarters
In upcoming quarters, the StockStory team will monitor (1) the revenue ramp from the major Android design win and the performance of premium AI-enabled devices, (2) the pace of broad market growth, especially in automotive, Wi-Fi, and data center, and (3) the company’s ability to manage input cost pressures and sustain gross margins. Progress on regulatory approval and integration planning for the Qorvo merger will also be a key marker.
Skyworks Solutions currently trades at $70.15, down from $72.56 just before the earnings. In the wake of this quarter, is it a buy or sell? See for yourself in our full research report (it’s free).
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