Skyworks reported first fiscal quarter revenue of $1.035 billion, down approximately 5% year over year, but above consensus estimates. On a GAAP basis, diluted earnings per share were $0.53 and operating income was $104 million. Excluding one-time items, non-GAAP diluted EPS came in at $1.54, beating the Zacks Consensus Estimate of $1.40. The company generated $396 million in operating cash flow and $339 million in free cash flow, reflecting disciplined working-capital management and strong margin execution.

Mobile segment revenue exceeded guidance on healthy sell-through of 5G chips for premium Android smartphones, including Samsung’s Galaxy S26, while Broad Markets accounted for 44% of sales and delivered high-single-digit year-over-year growth. Key design wins in advanced Wi-Fi 7 for enterprise access points and home networks involve Comcast, Verizon and TP-Link. Automotive connectivity programs expanded with Volkswagen and BYD, and the company launched the industry’s first integrated Wi-SUN®/LoRaWAN® RF front-end modules for smart-city and smart-home applications, alongside next-generation isolation solutions targeting high-voltage AI server power supplies and EV architectures.

Skyworks provided second-quarter guidance of $875 million to $925 million in revenue with non-GAAP earnings per share of $1.04 at the midpoint, projecting a 20% sequential decline in Mobile consistent with seasonality and flat sequential performance in Broad Markets. The board declared a cash dividend of $0.71 per share, payable March 17, to be conducted with a February 24 record date. Management highlighted ongoing investment in design-win conversion and margin expansion as key drivers for the remainder of fiscal 2026.