Skyworks Q3 FY26 net income drops to $33.6 million; net revenue falls 3.1% to $934.8 million
SWKS•Merger with Qorvo remains under FTC review
Skyworks said it is increasingly hopeful its pending cash-and-stock merger with Qorvo will close within the calendar year, with FTC review ongoing.
Skyworks reports lower Q3 revenue and profit
- Skyworks Solutions posted fiscal Q3 net revenue of $934.8 million, down 3.1% year over year.
- Net income fell to $33.7 million from $104.8 million, while operating income slid to $48.5 million from $110.8 million.
- Gross profit decreased 6.5% to $375 million, with gross margin narrowing 1.5 percentage points to 40.1%.
- Research and development expense rose 4.2% to $207.8 million, while selling, general and administrative costs climbed 10.5% to $98.7 million.
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