Skyworks Shares Slide After Weaker Fourth-Quarter Results
Skyworks reported lower fiscal fourth-quarter revenue and profit, and its shares fell 16% in after-hours trading. The company recently completed its combination with Qorvo.
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what happened
Shares of Skyworks Solutions dropped after the chipmaker reported lower revenue and profit for its latest quarter, according to Dow Jones Newswires. In after-hours trading on Tuesday, the stock fell 16% to $71.59. Through the regular close, the shares had gained 35% so far this year.
Fiscal fourth-quarter revenue declined 5% to $1.05 billion. Profit came in at $23.4 million, or 15 cents a share, down from $141.4 million, or 94 cents a share, a year earlier. Adjusted earnings per share were $1.28, one cent above analyst projections.
The company recently closed its combination with Qorvo, which Chief Executive Phil Brace said should bring greater scale and technology breadth. The results cover only the standalone Skyworks business. Skyworks also expects sequential declines in its smartphone revenue because of softness in the Android market.
why it matters
The outlook for lower smartphone sales matters most for markets, as it points to pressure on chip suppliers serving Android devices. Because the report covers only Skyworks without Qorvo, comparisons with earlier periods should be treated with caution.
market impact
Skyworks shares: a weak smartphone outlook for Android pressures the company's stock
- Skyworks shares pressure down — expected sequential decline in smartphone revenue
tags
instruments
sources
- Skyworks Solutions Falls on Lower 4Q Sales, Profit — Dow Jones Newswires, 3 November 2026 at 23:44 UTC
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