Skyworks Solutions (SWKS) has seen its shares drop 32.8% over the past year, significantly underperforming the Zacks Computer & Technology sector, which rose by 26.3%. The company faces challenges from a tough macroeconomic environment, inventory digestion in certain markets, and tariff uncertainties. However, Skyworks recently showcased its innovation at CES 2026, introducing the SKY66424-11, the industry’s first highly integrated Wi-SUN/LoRaWAN RF front-end modules for smart home and smart city applications, aiming to enhance performance and connectivity.
Skyworks’ first-quarter fiscal 2026 sales estimate stands at $998.1 million, reflecting a 6.6% year-over-year decrease. The fiscal 2026 net sales forecast is around $3.63 billion, a decline of 11.2% compared to the previous year. Additionally, the company projects a 24.8% drop in earnings per share, estimated at $4.46 for the fiscal year.
Despite these challenges, Skyworks is experiencing robust demand across mobile and broad markets, driven by customer demand for new AI-driven Android products and growth in edge IoT and automotive sectors, supported by the adoption of WiFi 7 and connected vehicles.
