Abstract
Skyworks Solutions will release its latest quarterly results on February 03, 2026 Post Market; this preview consolidates recent financial performance, company guidance, and street expectations to frame the near-term earnings setup and operational drivers.
Market Forecast
Consensus for the current quarter points to revenue of USD 1.00 billion, an adjusted EPS of USD 1.40, and EBIT of USD 228.15 million, implying year-over-year changes of -6.09%, -10.94%, and -18.95%, respectively; margin mix suggests continued pressure versus the prior year. Company-reported main business remains distributor-heavy, with the most promising segment tied to large OEM demand concentration and content gains; expectations hinge on steady orders and inventory normalization. The most promising business by revenue contribution is the distributor channel at USD 3.53 billion with outsized scale; recent YoY signals have been mixed, with momentum largely tracking customer program cycles.
Last Quarter Review
Skyworks Solutions’ last reported quarter delivered revenue of USD 1.10 billion, a gross profit margin of 40.67%, GAAP net profit attributable to the parent company of USD 0.14 billion, a net profit margin of 12.85%, and adjusted EPS of USD 1.76, with year-over-year growth of 7.33% for revenue and 13.55% for adjusted EPS. A notable highlight was net profit rebounding quarter-on-quarter by 34.67%, underscoring efficiency and cost discipline amid a mixed demand backdrop. The main business mix remained stable with distributor channel revenue at USD 3.53 billion and direct customer revenue at USD 0.56 billion, reflecting broad-based sell-through alignment with channel partners.
Current Quarter Outlook
Main Business: RF front-end solutions sold through distributors
The company’s primary revenue base continues to flow through global distribution partners, which aggregate demand from smartphone OEMs, networking, and IoT customers. This quarter’s outcomes will be shaped by replenishment patterns and inventory hygiene at distributors, particularly after last quarter’s sequential net income improvement. Margin preservation hinges on product mix and pricing discipline, especially where content per device is stable but unit volumes fluctuate with handset seasonality. Management’s ability to balance channel inventory and sustain backlog conversion will be crucial for maintaining gross profit margin near the recent 40.67% level.
Most Promising Business: Large OEM content programs
Design wins with leading smartphone OEMs often translate into recurring revenue with predictable ramps around flagship releases. The revenue contribution from these programs is embedded in the distributor channel, where high-volume shipments anchor quarterly performance. This quarter, the forecasted revenue of USD 1.00 billion and EPS of USD 1.40 imply a softer demand environment year-over-year; however, content-per-device resilience can mitigate unit softness if refresh cycles sustain mid-tier device adoption. Watch for signals around 5G feature upgrades and Wi-Fi/IoT attach rates, which can help stabilize EBIT near USD 228.15 million even amid broader handset volatility.
Stock Price Drivers: Margins, unit demand, and program cadence
Share performance this quarter will likely respond to how reported gross margin compares with recent levels and whether net profit margin holds around the low-teens range. The adjusted EPS trajectory—down to an estimated USD 1.40—reflects tighter margin mix; any upside from favorable product mix or lower input costs could shift sentiment. Unit demand clarity across smartphones and connectivity devices will be pivotal, as will commentary on inventory positions and order visibility for the March and June quarters. Execution on large OEM programs and any update on multi-quarter cadence can influence forward EPS revisions and valuation multiples.
Analyst Opinions
Street views trend Neutral-to-Cautious. Recent rating updates include Hold stances from Mizuho Securities with a USD 60.00 price target, Morgan Stanley with a USD 89.00 price target, and Benchmark reaffirming Hold, reflecting a consensus that awaits clearer demand normalization and margin stability. The majority perspective emphasizes limited near-term catalysts and a preference to see sustained order recovery and consistent gross margin execution before turning constructive; in this framework, the current quarter’s forecast of revenue at USD 1.00 billion and EPS at USD 1.40 serves as a benchmark for assessing whether program ramp and channel inventory progress can underpin forward estimates.Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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