StocksMediumUpdated×2•Originally published 3 November 2026•Updated 3 November 2026•
1 min read
Skyworks Shares Plunge 17% Despite Q4 Earnings Beat
Key Facts
1SWKS shares closed at $85.17 on November 2, 2026.
2Skyworks forecast revenue of between $1,010 million and $1,060 million and adjusted earnings of $1.27 per share for the fourth quarter of fiscal 2026.
3Fiscal third-quarter revenue was $935 million, with earnings per share of $0.22 under GAAP and $1.08 on the company’s measure.
4The company forecast annual savings of $500 million or more from the Qorvo merger, within 24 to 36 months of its completion.
Skyworks shares fell 17% following the release of its fiscal fourth-quarter 2026 results. The sharp decline occurred despite the company's actual performance exceeding analyst expectations for the period.
The price move follows Skyworks' previously issued guidance for the fourth quarter, which targeted revenue between $1,010 million and $1,060 million. CEO Phil Brace had earlier highlighted double-digit growth in automotive and data center segments, providing the operational backdrop for these results following the completion of the Qorvo merger in October.