Key Highlights

  • Skyworks Solutions (NASDAQ:SWKS) was listed to report fiscal fourth quarter 2026 results after the close on November 3, 2026, with a consensus EPS estimate of USD 1.27 and a Market Value of about USD 20.25 billion.
  • Guidance is Revenue of USD 1,010 million to USD 1,060 million and non-GAAP EPS of USD 1.27 at the midpoint, against third quarter revenue of USD 934.8 million and EPS of USD 1.08.
  • Mobile is guided to grow in the high-teens percent sequentially on new launches at its largest customer, while Broad Markets are expected to grow about 5 percent year over year.
  • The company will not declare quarterly dividends going forward, replaced its buyback with a new USD 2 billion authorization and expects to close the Qorvo combination within the calendar year.

What Investors Expect From the Fourth Quarter

This is an upcoming event, not a reported result. The USD 1.27 consensus matches the guidance midpoint, so a meaningful beat or miss depends on execution rather than on the Street being out of line. The revenue midpoint of USD 1,035 million is about 10.7 percent above the third quarter, simple arithmetic on published figures. Third quarter non-GAAP EPS of USD 1.08 compared with USD 1.33 a year earlier, and revenue fell from USD 965.0 million, so Skyworks Solutions (NASDAQ:SWKS) must show the sequential rebound is real. Guidance includes about USD 5 million of extra interest from the Qorvo financing.

The Qorvo Deal and the End of the Dividend

Management said regulatory review is progressing and it is optimistic about closing within the calendar year, with about USD 2 billion of Acquisition Debt to be raised. The board scrapped quarterly dividends to direct cash to buybacks, debt reduction and acquisitions. Debt fell to USD 496.9 million after a USD 500 million repayment, and cash and marketable securities were USD 813.8 million, but non-GAAP free Cash Flow was negative USD 16.7 million. Management also cited double-digit growth in automotive and Data Center within Broad Markets, which Skyworks Solutions (NASDAQ:SWKS) presents as Diversification away from handsets, and an expanded pipeline in precision timing for AI data centers.

Bull Case, Bear Case and the Size of the Move

No options-implied move was found, so the arithmetic is simple and only illustrative: each 5 percent move on a USD 20.25 billion market value is about USD 1.0 billion. A bull case is revenue near or above the top of the USD 1,010 million to USD 1,060 million range, a firm first quarter outlook and clear progress on regulatory approval. A bear case is a weak handset outlook, a delay to the Qorvo timetable or Margin pressure from financing costs. No peer reaction was confirmed, though the largest customer sets the pace for Skyworks Solutions (NASDAQ:SWKS), and the company itself reported lower revenue than a year earlier in the third quarter.

Where Things Stand

The answer is Skyworks Solutions (NASDAQ:SWKS): it ends the Dividend to fund Buybacks and the Qorvo combination, and the quarter must show a sharp sequential rebound to reach the USD 1.27 guide. The balance of evidence is mixed, with handset recovery and growing data center and automotive exposure against negative free cash flow, a year-over-year EPS decline and Merger risk. The next catalyst is the November 3 report, with the first quarter outlook and any deal update.