SKYWORKS SOLUTIONS, INC. — Form 8-K
Filed July 28, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 72/100
What the filing says
Skyworks reported Q3 FY2026 revenue of $935 million with non-GAAP diluted EPS of $1.08. The company announced progression toward closing its pending combination with Qorvo Inc., expecting closure within calendar 2026. Key capital allocation changes include replacing the prior repurchase program (expiring Feb 2027) with a new $2 billion stock repurchase authorization, elimination of future quarterly dividends, and anticipated $2 billion in acquisition debt financing for the Qorvo transaction. Q4 guidance: $1,010M–$1,060M revenue with non-GAAP EPS of $1.27 midpoint, incorporating ~$5M incremental net interest expense (~$0.03/share) from partial-quarter Qorvo financing costs.
Why this rating
Qorvo deal on track materially reshapes Skyworks' scale and competitive position; $2B buyback + debt financing material relative to $9.8B market cap; dividend elimination controversial but signals M&A readiness.
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