Skyworks reports Q3 results, ends dividends and authorizes $2 billion buyback

Skyworks reported third-quarter fiscal 2026 revenue of $935 million, GAAP diluted EPS of $0.22 and non-GAAP diluted EPS of $1.08 for the period ended July 3, 2026; it guided for fourth-quarter revenue of $1.01 billion to $1.06 billion and non-GAAP diluted EPS of $1.27 at the midpoint. On July 28, the company said it will not declare quarterly cash dividends going forward and announced a new stock repurchase authorization of up to $2.0 billion through January 31, 2029, replacing its prior program. Skyworks also said regulatory approvals for its proposed combination with Qorvo are progressing, expects to raise approximately $2 billion in acquisition debt financing, and is optimistic about closing within calendar 2026.