Skyworks Sol.

Skyworks pays you a 5.2% dividend while the stock trades at 9.3 times earnings and revenue is still shrinking.

If you own Skyworks, you own a cheap chip stock waiting for one big customer to stop leaking.

swks

technology · semiconductors mid cap updated mar 20, 2026
$55.28
market cap ~$8B · 52-week range $48–$68
xvary composite: 59 / 100 · below average
our overall rating — combines growth, value, risk, and momentum
Start here if you're new
what it is
Skyworks makes the radio chips that let your phone, car, and Wi-Fi gear talk without dropping the signal.
how it gets paid
Last year Skyworks Sol made $4.1B in revenue. cellular front-end modules was the main engine at $2.46B, or 60% of sales.
why growth slowed
Revenue fell 2.2% last year. The 47% vs. prior year EPS drop to $0.53 matters most because it shows how hard customer losses and mix can hit profits even.
what just happened
Skyworks beat estimates, but the real story was $1.0B in revenue that still fell 3% vs. prior year.
At a glance
B++ balance sheet — above average — nothing keeping you up at night
70/100 earnings predictability — reasonably predictable
9.3x trailing p/e — the market's not buying it — or you found a deal
5.2% dividend yield — cash in your pocket every quarter
14.0% return on capital — nothing to write home about
xvary composite: 59/100 — below average
What they do
Skyworks makes the radio chips that let your phone, car, and Wi-Fi gear talk without dropping the signal.
Once your phone maker designs Skyworks into the radio path, ripping it out means redesigns, retesting, and carrier approval work. That is switching costs → leaving is annoying and expensive → so customers stick longer than they want to. Skyworks backs that with 19 design centers across Asia, Europe, and North America, which helps it stay close to the engineers deciding what goes into your next device.
semiconductors mid-cap component-supplier wireless income
How they make money
$4.1B annual revenue · their business grew -2.2% last year
cellular front-end modules
$2.46B
6.0%
power amplifiers
$0.66B
3.0%
connectivity and infrastructure RF
$0.49B
+4.0%
automotive and industrial analog
$0.33B
+8.0%
timing, diodes, and other mixed-signal
$0.16B
0.0%
The products that matter
mobile connectivity chips
Analog Semiconductors
$4.1B revenue · -2.2%
it's the entire $4.1B business, and it shrank 2.2% last year. that makes every wi-fi 7, automotive, and premium android design win matter more than usual.
core
Key numbers
9.3x
trailing p/e
You are paying 9.3 times trailing earnings for a company expected to earn $5.00 a share in fiscal 2027. That is cheap if the business stabilizes.
5.2%
dividend yield
A 5.2% yield pays you while you wait. Contrast that with projected sales growth of just 2.0%.
12.2%
operating margin
Operating margin is profit from the actual business before balance-sheet noise. At 12.2%, Skyworks is profitable, but not comfortably so for a chip name.
$497M
long-term debt
Debt is just 6% of capital. That means the balance sheet is a problem you do not have today.
Financial health
B++
strength
  • balance sheet grade B++ — above average financial health
  • risk rank 3 — safer than 50% of stocks
  • price stability 45 / 100
  • long-term debt $497M (6% of capital)
  • net profit margin 21.0% — keeps 21 cents of every dollar in revenue
  • return on equity 16% — $0.16 profit for every $1 investors have put in
B++ — functional but not a standout on the balance sheet.
Total return vs. market

You invested $10,000 in SWKS 3 years ago → it's now worth $5,390.

The index would have given you $14,540.

same period. same starting point. SWKS trailed the market by $9,150.

source: institutional data · total return
What just happened
beat estimates
Skyworks beat estimates, but the real story was $1.0B in revenue that still fell 3% vs. prior year.
Last quarter EPS was $1.76 versus a $1.43 estimate, a 23.08% beat. That is good. EPS in the latest reported quarter was also $0.53, down 47% vs. prior year, which tells you the recovery is uneven.
$1.0B
revenue
$0.53
eps
41.3%
gross margin
the number that mattered
The 47% vs. prior year EPS drop to $0.53 matters most because it shows how hard customer losses and mix can hit profits even when headline estimates get beat.
source: company earnings report, 2026

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What could go wrong

the #1 risk is customer share loss in mobile connectivity.

∘
med
customer concentration
Skyworks already said revenue declined 3% because of lower market share at a significant customer. when a major socket moves away, the pain shows up fast.
impact: fiscal 2026 revenue is expected at $3.8B versus $4.1B last year. that's a $300M step down before you even debate the recovery story.
∘
med
margin compression from product mix
gross profit decreased because of an unfavorable product mix, and quarterly margin was 11.7%. if the newer design wins arrive slower than the legacy business weakens, profitability gets pinched from both sides.
impact: an 11.7% quarterly margin leaves less cushion for another revenue miss or another quarter of weaker mix.
∘
med
trade, tech, and transaction friction
global trade and technology rules could raise compliance costs or limit activity, while professional-services spending tied to the ongoing Qorvo transaction is already pushing expenses higher.
impact: the cost is not quantified in the current snapshot, which is its own problem. you know pressure is there, but not yet how far it goes.
if revenue falls to the expected $3.8B and margins stay under pressure, the stock stays cheap for a reason. Skyworks does not need a catastrophe to disappoint you. it just needs the recovery to keep slipping.
source: institutional data · regulatory filings · risk analysis
Pay attention to
metric
fiscal 2026 revenue
$3.8B is the current expectation. if that number moves down again, the cheap multiple stops looking like a bargain and starts looking accurate.
trend
wi-fi 7 and automotive ramp
Comcast, Verizon, Volkswagen, and other OEM programs are the clearest signs that newer connectivity markets can offset the hole at a major customer.
risk
gross profit and margin quality
11.7% quarterly margin is the pressure gauge. you want to see mix improve, not just revenue stabilize.
calendar
institutional flow next quarter
three straight quarters of net selling is a message. if that flips, it would suggest bigger investors think the worst is finally in the numbers.
Analyst rankings
short-term outlook
average
momentum score 3 — in human-speak, analysts do not see a clear short-term edge here.
risk profile
average
stability score 3 — typical risk profile for a cyclical chip stock, not a bunker and not a disaster.
chart momentum
average
technical score 3 — the chart is not screaming breakout or breakdown. welcome to wait-and-see semis.
earnings predictability
70 / 100
better than chaos, worse than consistency. you can model this business, but customer swings will still surprise you.
source: institutional data
Institutional activity

institutions have been net selling for 3 consecutive quarters — 237 buyers vs. 298 sellers in 4q2025. total institutional holdings: 0.2B shares. net selling for 3 quarters.

source: institutional data · 2q2025-4q2025
source: institutional data
Price targets
3-5 year target range
$39 $89
$55 current price
$64 target midpoint · +16% from current · 3-5yr high: $80 (+45% · 14% ann'l return)
source: institutional data · analyst targets

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