Skyworks Forecasts Weak Quarter, Shares Slide

The chipmaker's first-quarter outlook fell short of Wall Street estimates after its latest fiscal quarter revenue beat expectations narrowly.

Updated on Nov. 3, 2026 in Economic Indicators

Isometric editorial illustration of a round silicon wafer beside a cluster of smooth matte smartphone-shaped slabs on a slate-blue surface, suggesting semiconductor supply. — Skyworks Solutions shares fell more than 14 percent in extended trading after the chipmaker forecast first-quarter results below Wall Street estimates. AI Illustration. Upload story photo >

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Skyworks Solutions reported fiscal fourth-quarter revenue of $1.05 billion, slightly above analysts' estimate of $1.04 billion, but issued a first-quarter forecast below Wall Street expectations. Its shares fell more than 14 percent in extended trading.

Why it matters

The weak outlook points to softness in smartphone chip demand, particularly in the premium Android market, which affects suppliers across the semiconductor supply chain. The guidance also arrives shortly after the company completed its acquisition of Qorvo.

Skyworks projects first-quarter revenue of $1.80 billion to $1.90 billion and adjusted EPS of $1.25, both below analyst consensus of about $1.99 billion and $1.52 per share (LSEG). The company did not address the timing of demand recovery in its guidance.

The players

Skyworks Solutions

A semiconductor company that designs radio-frequency chips used in smartphones and other wireless devices.

The details

Skyworks issued its first-quarter guidance after reporting fiscal fourth-quarter revenue of $1.05 billion. The company expects smartphone revenue to fall in the low-teens percentage range sequentially and anticipates at least $500 million in annual cost savings from its combination with Qorvo.

November 3, 2026: Skyworks issues below-expectations first-quarter forecast and shares fall in extended trading.
After the end of its fiscal fourth quarter: Skyworks completes its acquisition of Qorvo.
First quarter of fiscal 2027: Forecast period for projected revenue and adjusted earnings.

Macro View

The forecast reflects continued softness in premium Android smartphone demand, a trend that has pressured radio-frequency chip suppliers as handset makers slow component orders. Skyworks' outlook suggests that weakness has not yet reversed heading into the new fiscal year.

Investors holding Skyworks shares face a sharp near-term decline after the guidance cut. Consumers may see the effects indirectly if weaker chip demand slows smartphone component supply or pricing.

The takeaway

Forecast misses can reset expectations quickly for companies tied to a single end market. Watching guidance rather than headline revenue beats gives a clearer read on where demand is heading.