Solid quarter, deal closing early, offset by dividend suspension

研报英文原文证据摘录

Solid quarter, deal closing early, offset by dividend suspension

Update

July 29, 2026 01:28 AM GMT

Morgan Stanley & Co. LLCMSkyworks Solutions Inc | North America Joseph Moore

Equity Analyst

Solid quarter, deal closing early, Joseph.Moore@morganstanley.comElla Tulchinsky +1 212 761-7516

Research Associate

Ella.Tulchinsky@morganstanley.com +1 212 761-2222

offset by dividend suspension Shane Brett

What’s Changed Shane.Brett@morganstanley.com +1 212 761-1022

Mason Wayne

Skyworks Solutions Inc (SWKS.O) From To Research Associate

Price Target $76.00 $72.00 Mason.Wayne@morganstanley.com +1 212 761-6012

Nicole Kozhukhov

AlphaSignals Earnings Reaction Nicole.Kozhukhov@morganstanley.com +1 212 761-1636

Unchanged In-line Largely unchanged

Skyworks Solutions Inc (SWKS.O, SWKS US)

Impact to our thesis Financial results versus consensus Direction of next 12-month

consensus EPS Semiconductors | United States of America

Source: Company data, Morgan Stanley Research Stock Rating Equal-weight

Industry View Attractive

Skyworks posted solid results, somewhat surprising in light of PriceShr price,targetclose (Jul 28, 2026) $72.00$64.68

smartphone pressures, and sees potential for the Qorvo deal to Mkt cap, curr (mm) $9,858

52-Week Range $90.90-51.93

close ahead of schedule. Suspension of dividend makes sense Fiscal Year Ending 09/25 09/26e 09/27e 09/28e

but will be disruptive. EPS ($)** 5.93 5.04 5.11 6.04

Prior EPS ($)** - 4.77 5.11 6.08

P/E 17.1 19.9 24.1 18.2

Key Takeaways EPS ($)§ 5.55 4.99 5.16 6.40

Div yld (%) 3.7 3.3 0.0 0.0

Smartphone business tracking despite memory headwinds, with somewhat lower

Unless otherwise noted, all metrics are based on Morgan Stanley ModelWare

Apple content headwinds vs. expectations & August pixel launch framework

** = Based on consensus methodology