Irvine, California-based Skyworks Solutions, Inc. (SWKS) is a semiconductor company that develops analog and mixed-signal chips for wireless connectivity. With a market capitalization of approximately $10.1 billion, its solutions serve smartphones, automotive, aerospace, defense, industrial, medical, broadband, and other connected applications worldwide.
Shares of this leading semiconductor company have underperformed the broader market over the past year. SWKS has declined 1% over this period, while the broader S&P 500 Index ($SPX) has advanced 21.5%. The stock has also underperformed the index in 2026, gaining 5.4% year-to-date, compared with the S&P 500’s 12.6% return over the same period.
Compared with the State Street SPDR S&P Semiconductor ETF (XSD), SWKS has considerably underperformed. The ETF has gained 94.5% over the past year and 61.8% on a YTD basis.
On July 28, Skyworks Solutions reported its Q3 FY2026 earnings, sending shares up about 2%. Revenue fell 3.1% year over year to $934.8 million, while non-GAAP net income declined 18.3% to $163.7 million. Non-GAAP diluted EPS was $1.08, down 18.8% from $1.33. Non-GAAP free cash flow was negative $16.7 million, compared with $252.7 million a year earlier. The company also authorized a $2 billion share repurchase program and plans to discontinue its quarterly dividend.
Analysts expect SWKS’s diluted EPS to decline 20.7% year over year to $3.64 for the fiscal year ending in September 2026. However, SWKS has surpassed consensus EPS estimates in each of the past four quarters, demonstrating consistent earnings performance.
Based on the 24 analysts covering SWKS stock, the consensus rating is a "Hold." The rating is based on three "Strong Buy" ratings, 19 "Hold" ratings, one "Moderate Sell" rating, and one "Strong Sell" rating.
This configuration is more bearish than it was a month ago, when the stock had four "Strong Buy" recommendations.
On July 30, J.P. Morgan analyst Mayur Ramdhani maintained a “Neutral” rating on Skyworks Solutions while lowering the price target from $70 to $65.
Based on analysts' estimates, the mean price target of $71.29 implies a 6.7% premium to SWKS's current share price. The Street-high price target of $106 implies a 58.6% upside.
