Skyworks Q1 EPS Tops by 10.2%, Guides $875M-$925M, Secures POI Deal
Skyworks reported Q1 non-GAAP EPS of $1.54, beating estimates by 10.2%, with revenues of $1.04 billion down 3.1% year-over-year yet 3.7% above consensus, and shares down 4.6% post-report. It forecasts Q2 revenue of $875M-$925M and EPS of $1.04 while securing a multi-year POI wafer deal for its Sky5 5G platform.
1. Q1 Results and Share Performance
Skyworks reported first-quarter non-GAAP earnings of $1.54 per share, a 10.20% beat over estimates, on revenues of $1.04 billion, down 3.1% year-over-year but 3.7% above consensus; shares have fallen 4.6% since the report.
2. Q2 Guidance
For second-quarter fiscal 2026, Skyworks expects revenue between $875 million and $925 million, non-GAAP EPS of $1.04 at midpoint, and gross margin near 45%, reflecting a 20% sequential decline in Mobile and flat Broad Markets growth.
3. POI Wafer Supply Agreement
Skyworks secured a multi-year agreement with Soitec to provide Piezoelectric-On-Insulator wafers for its Sky5 platform, supporting compact, reliable 5G smartphone RF front-end modules and ensuring wafer supply for advanced module production.