Revenue Decline
Revenue decreased by 1.0% year-over-year to $943.7 million, indicating challenges in maintaining sales growth.
Source: 10-Q Income Statement
Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
SWKS reported a challenging Q2 FY2026 with declines in revenue, operating income, and net income, highlighting increased R&D and SG&A expenses impacting profitability.
Revenue
$943.7M
-1.00% YoY
EPS (Diluted)
$0.24
-44.19% YoY
Gross Margin
40.8%
-0.3 pts YoY
Operating Income
$42.1M
-56.73% YoY
Filed · Analysis updated · Source: SEC EDGAR 10-Q filing
Source: SEC XBRL
Skyworks Solutions (SWKS) reported Q2 FY2026 revenue of $943.7M, down 1.0% year over year. Operating margin was 4.5%, down 5.7 points from 10.2% a year earlier. SWKS's fiscal Q2 FY2026 corresponds to calendar Q2 2026.
Last 4 quarters: 4 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 1.08 | 1.04 | Beat +4.3% |
| Mar 2026This filing | 1.15 | 1.05 | Beat +9.1% |
| Dec 2025 | 1.54 | 1.43 | Beat +8.0% |
| Sep 2025 | 1.76 | 1.42 | Beat +23.6% |
Adjusted (non-GAAP) EPS of $1.15 versus the $1.05 analyst consensus — a +9.1% beat for Mar 2026. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was $0.24.
Compiled by AI from this SEC filing
Revenue decreased by 1.0% year-over-year to $943.7 million, indicating challenges in maintaining sales growth.
Source: 10-Q Income Statement
R&D and SG&A expenses rose significantly by 13.9% and 36.0% respectively, impacting operating income, which fell by 56.7%.
Source: 10-Q Income Statement
Despite a decrease in operating cash flow, financing cash flow improved by 67.6% due to reduced share buybacks.
Source: 10-Q Cash Flow
Compiled by AI from this SEC filing · 1 high, 2 medium, 0 low
The significant increase in R&D and SG&A expenses could continue to pressure margins if not managed effectively.
Source: 10-Q Income Statement
A 1.0% decline in revenue suggests potential difficulties in market expansion or competitive pressures.
Source: 10-Q Income Statement
Total liabilities increased by 9.5%, which could impact financial flexibility if the trend continues.
Source: 10-Q Balance Sheet
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $M | 943.70 $M | 953.20 $M | -1.00% |
Cost of Revenue $M | 558.40 $M | 561.60 $M | -0.57% |
Gross Profit $M | 385.30 $M | 391.60 $M | -1.61% |
Operating Income $M | 42.10 $M | 97.30 $M | -56.73% |
Net Income $M | 35.60 $M | 68.70 $M | -48.18% |
EPS (Basic) $ | 0.24 $ | 0.43 $ | -44.19% |
EPS (Diluted) $ | 0.24 $ | 0.43 $ | -44.19% |
R&D Expense $M | 212.40 $M | 186.50 $M | +13.89% |
SG&A Expense $M | 119.70 $M | 88.00 $M | +36.02% |
Answers draw on this SEC filing and the data on this page
In fiscal Q3 2026 (quarter ended July 3, 2026), Skyworks reported net revenue of $934.8M, down 3.1% year-over-year, with net income margin compressing to 3.6% from 10.9% due to lower gross margin, higher R&D/SG&A spend, and elevated restructuring/transaction charges tied to the pending Qorvo merger.
SWKS reported Q1 FY2026 revenue of $1.04B (down 3.1% YoY), with net income falling 51.1% to $79.2M as surging R&D and SG&A expenses sharply compressed operating and net margins despite stable gross margins and solid operating cash flow of $395.5M.
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