Skyworks Reports $935 Million Quarter, Advances Qorvo Deal Plans

Skyworks reported third-quarter fiscal 2026 revenue of $934.8 million for the period ended July 3, 2026, with diluted GAAP EPS of $0.22 and non-GAAP EPS of $1.08; revenue and earnings declined from $965.0 million and $0.70 per share a year earlier. The company expects fourth-quarter revenue of $1.01 billion to $1.06 billion and non-GAAP diluted EPS of $1.27 at the midpoint, while citing automotive and data-center growth. Skyworks said regulatory approvals for its pending combination with Qorvo are progressing, expects to raise approximately $2 billion in acquisition debt, authorized a new $2 billion share-repurchase program, and will stop declaring quarterly dividends.