Skyworks reported first-quarter revenue of $1.035 billion, down year-over-year but above consensus estimates. GAAP operating income was $104 million, translating to $0.53 of diluted earnings per share, while non-GAAP operating income reached $252 million with non-GAAP diluted EPS of $1.54. The company generated $396 million in operating cash flow and $339 million in free cash flow, highlighting strong cash conversion despite a challenging end-market environment.

During the quarter, Skyworks secured advanced design wins in Wi-Fi 7 for enterprise access points and networking platforms with customers such as Comcast, Verizon and TP-Link. The company expanded automotive connectivity programs with Volkswagen and BYD, and reinforced its 5G position in premium Android smartphones, including Samsung’s Galaxy S26. It also unveiled the industry’s first integrated RF front-end modules for Wi-SUN®/LoRaWAN® smart home and city applications, and next-generation isolation solutions for high-voltage AI server power supplies and EV architectures.

For the second quarter, Skyworks projects revenue between $875 million and $925 million, with non-GAAP diluted EPS of $1.04 at the midpoint. Management anticipates mobile segment revenue will decline about 20% sequentially, while broad markets should remain flat sequentially and grow high-single-digits year-over-year, representing 44% of total sales. The board also declared a quarterly cash dividend of $0.71 per share, payable March 17 to shareholders of record on February 24, underscoring commitment to returning capital to investors.