SWKS · 8-K · 20261103PR000052
Guidance / Outlook
SKYWORKS SOLUTIONS, INC. · 2026-11-03 · Importance 80 · Surprise 68 · In source text
For the December 2026 quarter, Skyworks forecast combined-company revenue of $1.80 billion to $1.90 billion and non-GAAP diluted EPS of $1.25 at the midpoint, including approximately $50 million of other expense, primarily interest on acquisition financing. The midpoint revenue outlook is down approximately 7% sequentially from combined September revenue, or approximately 3% excluding Qorvo’s extra week; management expects Smartphone revenue to decline in the low teens sequentially, citing seasonality and softness in the Android market, while Diversified Growth Markets revenue is expected to grow in the low single digits sequentially and high single to low double digits year over year. Management expects approximately $150 million of operating-expense synergies in fiscal 2027, weighted to the second half, and an annualized run rate of approximately $250 million to $300 million exiting fiscal 2027; it reiterated a target of at least $500 million in annual cost synergies within 24 to 36 months of close.
Key facts
- For December quarter fiscal 2027, Skyworks anticipates revenue of $1.80 billion to $1.90 billion. source
- Skyworks expects approximately $150 million of synergies in operating expenses within fiscal 2027, weighted to the second half of the year. source
- Skyworks expects to exit fiscal 2027 at an annualized synergy run-rate of approximately $250 million to $300 million. source
- Skyworks remains committed to at least $500 million of annual cost synergies within 24 to 36 months of the Qorvo combination closing. source
- At the midpoint of December-quarter guidance, revenue includes approximately $1.07 billion from legacy Skyworks and approximately $780 million from legacy Qorvo. source
- At the midpoint of the December-quarter revenue range, Skyworks expects non-GAAP diluted EPS of $1.25, based on approximately 241 million diluted shares. source
- The December-quarter revenue outlook midpoint is down approximately 7% sequentially from combined September revenue, or approximately 3% excluding Qorvo’s extra week. source
- Skyworks’ December-quarter EPS outlook includes approximately $50 million of other expense, primarily interest on acquisition financing. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | committed | +22.4% | Skyworks expects to exit fiscal 2027 at an annualized synergy run-rate of approximately $250 million to $300 million. |
| operating_income | positive | committed | +12.2% | Skyworks expects approximately $150 million of synergies in operating expenses within fiscal 2027, weighted to the second half of the year. |
| revenue | negative | committed | -6.0% | The December-quarter revenue outlook midpoint is down approximately 7% sequentially from combined September revenue, or approximately 3%… |
| net_income | negative | committed | -4.1% | Skyworks’ December-quarter EPS outlook includes approximately $50 million of other expense, primarily interest on acquisition financing. |
| revenue | unclear | committed | — | For December quarter fiscal 2027, Skyworks anticipates revenue of $1.80 billion to $1.90 billion. |
| operating_income | positive | committed | — | Skyworks remains committed to at least $500 million of annual cost synergies within 24 to 36 months of the Qorvo combination closing. |