Skyworks Solutions Faces Tough Market as Valuation Shrinks
Understanding Skyworks Solutions’ Performance
With a market cap of $10.6 billion, Skyworks Solutions, Inc. (SWKS) is a leading technology firm known for its innovative semiconductor products that enhance wireless connectivity. Based in Irvine, California, the company specializes in advanced analog and mixed-signal semiconductors, driving communication in mobile devices, automotive technology, IoT, and industrial sectors.
Recently, Skyworks shares have struggled on the stock market. Over the last 52 weeks, SWKS has fallen by 36.7%, in stark contrast to the broader S&P 500 Index ($SPX), which has gained 20.6%. The stock is also down 25.9% in 2025, while the SPX has only increased by 2.5% year-to-date.
When looking closely, it becomes clear that Skyworks has not kept pace with the SPDR S&P Semiconductor ETF’s (XSD) 13% return in the same timeframe.
After its Q1 earnings release on February 5, Skyworks Solutions’ shares dropped by 24.7%. The company reported revenue of $1.07 billion, matching analyst expectations but reflecting a 11.1% decline year-over-year. Adjusted earnings per share (EPS) were $1.60, slightly exceeding the consensus estimate of $1.57. For the March quarter, Skyworks anticipates revenue between $935 million and $965 million and a non-GAAP EPS of $1.20 at the midpoint. The company expects a decline in mobile revenue due to seasonal trends, whereas broader markets may see both sequential and year-over-year growth.
For the fiscal year ending in September, analysts project a 16.5% year-over-year decline in SWKS’ EPS to $4.45. Historically, the company’s earnings have shown a varied pattern, with three out of the last four quarters exceeding expectations, while one missed.
Among the 25 analysts monitoring SWKS, the consensus rating is a “Hold.” This includes one “Strong Buy,” 21 “Holds,” one “Moderate Sell,” and two “Strong Sells.”
This rating is less optimistic than the situation three months ago, when five analysts recommended a “Strong Buy.”
On February 6, TD Cowen revised Skyworks’ price target from $90 to $75 while retaining a “Hold” rating. The average price target is $86.78, indicating a potential upside of 32.1% from current price levels. The highest price target on record, $120, suggests an ambitious upside of 82.7% based on current values.
On the date of publication, Rashmi Kumari did not hold any positions in the securities mentioned in this article. All data provided are for informational purposes only. Please refer to the Barchart Disclosure Policy for more details.
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