Skyworks Solutions reported first fiscal quarter revenue of $1.035 billion, surpassing consensus estimates despite a year-over-year sales decline. On a GAAP basis, the company generated operating income of $104 million and diluted EPS of $0.53. Excluding certain items, non-GAAP operating income reached $252 million, with non-GAAP diluted EPS of $1.54, topping the Zacks Consensus Estimate of $1.40. The strong performance was supported by operating cash flow of $396 million and free cash flow of $339 million, marking the fourth consecutive quarter of outperformance in revenue, gross margin and non-GAAP earnings.

Mobile segment demand remained resilient, driven by robust sell-through and operational execution in premium 5G handsets, including design wins in Samsung’s Galaxy S26 series. Broad Markets continued to scale with accelerating growth led by Wi-Fi 7 and data center and cloud infrastructure programs. The company secured advanced Wi-Fi 7 design wins for enterprise access points and home networking platforms with Comcast, Verizon and TP-Link, and expanded automotive connectivity programs with Volkswagen and BYD. Innovation milestones included the industry’s first integrated Wi-SUN/LoRaWAN RF front-end modules for smart home and smart city applications, and next-generation isolation solutions for high-voltage AI server power supplies and advanced EV architectures.

For the second fiscal quarter, Skyworks forecasts revenue between $875 million and $925 million, with non-GAAP diluted EPS of $1.04 at the midpoint. The company expects Mobile revenues to decline approximately 20% sequentially in line with seasonality, while Broad Markets should remain flat quarter-over-quarter—comprising 44% of sales and rising high-single-digits year-over-year. In addition, the board declared a cash dividend of $0.71 per share, payable March 17, 2026, to shareholders of record as of February 24, 2026.