AI-extracted from the 10-Q filed 2026-07-28 — Q3 FY2026 (quarter ended July 3, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Skyworks Q3 revenue fell 3.1% YoY to $934.8M, driven by market share loss at a major customer, while operating margin compressed to 5.2% from 11.5% amid restructuring charges and elevated R&D spending.
Biggest Revenue Drivers
United States$704.9M-2.7% YoY
Decrease driven by market share loss at significant customer, partially offset by increased automotive and data center demand
Taiwan$72.5M-4.4% YoY
Biggest Revenue Drivers
Total revenue: $934.8M-3.1% YoY
United States$704.9M-2.7% YoY
Decrease driven by market share loss at significant customer, partially offset by increased automotive and data center demand
Taiwan$72.5M-4.4% YoY
China$66.6M+3.1% YoY
South Korea$35.9M-21.1% YoY
Europe, Middle East, and Africa$45.3M+2.0% YoY
Largest Expense Items
Cost of goods sold$559.8M-0.7% YoY
Unfavorable product mix partially offset by higher unit volumes
Research and development$207.8M+4.2% YoY
Increased headcount-related expenses from investment in developing new technologies and products
Selling, general, and administrative$98.7M+10.5% YoY
Increased professional services costs related to pending Qorvo transaction, partially offset by lower headcount expenses
Restructuring, impairment, and other charges$19.8M+1,220.0% YoY
Facility consolidation and closure costs
Margins: Gross margin compressed 150 bps to 40.1% from 41.6% YoY, driven by unfavorable product mix partially offset by higher unit volumes. Operating margin declined to 5.2% from 11.5% YoY, primarily reflecting restructuring charges, elevated R&D investment, and increased transaction costs for the pending Qorvo merger.
Watch Items from the Filing
Pending Qorvo merger involves $22.0B combined enterprise value with 0.960 Skyworks share + $32.50 cash per Qorvo share; FTC Second Request received Feb 2026, parties substantially complying with HSR timeline; $298.7M termination fee if deal terminated by board recommendation change.
Market share loss at significant customer was primary revenue driver; customer concentration risk exists but not quantified by name in filing.
Operating cash flow declined 53% YoY to $516.2M in nine months, driven by $386.9M unfavorable working capital changes mainly from inventory buildup of $268.1M and lower net income.
Company paused dividends effective immediately; Board announced on July 28 no future quarterly dividends, having paid $320.1M in dividends YTD (nine months at $2.13/share).
Securities class action and two derivative lawsuits pending; court denied motion to dismiss amended complaint on May 6, 2026; immaterial Denso patent litigation settlement recorded during nine months ended July 3, 2026.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
11 transactions in SWKS reported by 5 members of Congress under the STOCK Act, most recent trade Feb 10, 2026. Reported transactions, not recommendations.
About SKYWORKS SOLUTIONS, INC. (SWKS): stock profile, AI score and financials
SKYWORKS SOLUTIONS, INC. (SWKS) stock profile, AI quality score, and SEC EDGAR financial data, a Technology sector company. 13F Pro's AI-powered ranking engine scores SWKS at 47.8/100 on a composite quality score built from its SEC filings, placing it at rank #1,777 of 2,925 stocks — the bottom half of the AI-ranked universe. SWKS scores in the top quartile across earnings quality (75.8). Areas of concern include revenue growth (15.0), which score below median versus the broader universe. Shareholder dilution risk is elevated at 22.4/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q3 2026), SKYWORKS SOLUTIONS, INC. reports quarterly revenue of $934.8M, net income of $33.9M, an operating margin of 5.2%. SWKS trades on the Nasdaq exchange and files with the SEC under CIK 4127. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate SWKS daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for SKYWORKS SOLUTIONS, INC. directly from SEC EDGAR.