Key Highlights

  • Skyworks Solutions (NASDAQ:SWKS) fell about 12.4% after hours on November 3, 2026, with other published accounts citing declines of 13% to 17%, after weak guidance.
  • Fiscal fourth-quarter Revenue was USD 1.05 billion against USD 1.04 billion expected, and adjusted EPS was USD 1.28 against USD 1.27.
  • Fiscal first-quarter 2027 revenue is guided to USD 1.80 billion to USD 1.90 billion against about USD 2.0 billion expected, with EPS of USD 1.25 against USD 1.50.
  • The company targets at least USD 500 million of annual cost synergies from the Qorvo combination within 24 to 36 months.

An In-Line Quarter, a Weak Outlook

Skyworks Solutions (NASDAQ:SWKS) reported on Tuesday, November 3, 2026, for the quarter ended October 2, its last as a standalone company. Revenue of USD 1.05 billion and adjusted EPS of USD 1.28 were roughly in line, beating by about a cent each. The surprise was the first-quarter outlook, which covers the first period as a combined company after the Qorvo merger. Guidance of USD 1.80 billion to USD 1.90 billion in revenue sits well below the approximately USD 2.0 billion analysts expected, and EPS of USD 1.25 compares with USD 1.50 expected. The midpoint is USD 1.85 billion, which is about 7.5% below the consensus level, simple arithmetic on two published numbers.

What Is Behind the Guide

The December-quarter outlook is about 7% lower sequentially than combined September revenue, or about 3% lower excluding an extra week in Qorvo's prior quarter. Smartphone revenue is expected to fall by a low-teens rate sequentially, while Diversified Growth Markets revenue should rise in the low single digits. Skyworks Solutions (NASDAQ:SWKS) expects about USD 150 million of cost synergies in fiscal 2027 and at least USD 500 million annually within 24 to 36 months. Integration brings costs, and the combined company relies heavily on smartphones, a category facing memory-cost pressure after a major phone maker warned of higher component prices.

Risks and Reading the Reaction

The share decline of about 12.4% after hours shows how much the market had priced in. Published accounts differ, with some citing 13% and others 17%, so the exact move is approximate until regular trading confirms it. Risks include smartphone demand, customer concentration, integration execution and synergy delivery. Analysts may also reset estimates because a merged company's numbers are harder to compare, and price targets and ratings can change quickly after a large drop. Skyworks Solutions (NASDAQ:SWKS) will need to show that the combination improves margins and diversifies revenue beyond phones. Watch the first combined-quarter results and any updates on customer programs. Because the Merger closed in early October, year-over-year comparisons will be distorted for several quarters, and analysts may disagree about the true underlying growth rate. The company has also guided for sequential declines, which means investors should expect Volatility around each report until the combined Business shows a stable base.

Where Things Stand

Skyworks fell because guidance for the first combined quarter missed estimates by a wide margin, not because the old business missed. Revenue of USD 1.05 billion and EPS of USD 1.28 met expectations, yet the USD 1.80 billion to USD 1.90 billion outlook and EPS of USD 1.25 disappointed. Skyworks Solutions (NASDAQ:SWKS) now needs to prove that merger synergies and Diversification can offset smartphone weakness. The evidence is mixed: cost targets are meaningful, but near-term Demand looks soft. The next quarter will clarify the combined run rate.