earnings
confidence high
sentiment neutral
materiality 0.80
Skyworks Q3 revenue $935M, non-GAAP EPS $1.08; suspends dividend, authorizes $2B buyback, Qorvo deal on track
SKYWORKS SOLUTIONS, INC.
- Revenue $935M, GAAP diluted EPS $0.22, non-GAAP diluted EPS $1.08; broad markets growth led by automotive and data center.
- Board suspends quarterly cash dividends; new $2B stock repurchase program authorized through Jan 2029.
- Qorvo combination regulatory approvals progressing; expects close within calendar year, preparing for fiscal year close.
- Combined company leadership team announced; plans to raise ~$2B acquisition debt financing.
- New capital allocation framework for combined company; $2B buyback authorization part of that.