SWKS
Skyworks Solutions, Inc.$57.87
Unclear
Target $130.19
Report: Mar 07, 2026Technology • Semiconductors • Cyclical OperatorSnapshot
Decision-first overview with recommendation, valuation anchor, and current setup.
Company Overview
Research Snapshot
Price History
Pelican View
Current$57.87+125.0%
Rec: UnclearConviction: Medium
Entry Target
$100.15
(73% above current)
Fair Value
$130.19
(125% above current)
Stop Loss
$45.00
(22% below current)
Position Size
Starter
Time Horizon
Transitional
Key Metrics
Live Snapshot
Market Data
52 Week High$90.90
52 Week Low$47.93
Avg. 3 Month Volume3.76M
Efficiency
LTM Gross Margin41.1%
LTM EBITDA Margin23.1%
LTM EBIT Margin11.7%
LTM Operating Margin10.4%
LTM ROA5.0%
LTM ROE6.8%
LTM ROIC13.2%
LTM ROCE6.8%
Capital Structure
Market Cap (MM)$8.1B
Enterprise Value (MM)$7.7B
Shares Outstanding149.50M
Total Debt (MM)$1.15B
Cash & Equivalents (MM)$1.55B
LTM Net Debt (MM)$-395.90M
LTM Net Debt/EBITDA-0.4x
Growth
TTM Rev. Growth0.2%
Last 3-Yr Rev. CAGR-8.6%
Last 3-Yr EBITDA CAGR-23.9%
Last 3-Yr EPS CAGR-29.3%
Valuation
Street Target Price$77.36
LTM EV/Revenue1.9x
LTM EV/Gross Profit4.6x
LTM EV/EBIT16.2x
LTM EV/EBITDA8.2x
LTM P/E20.4x
LTM EV/FCF6.9x
LTM P/FCF7.3x
LTM P/TB1.6x
LTM P/B1.4x
Dividend Yield5.3%
Payout Ratio108.5%
Executive SummarySituation: Current price is $57.87 versus fair value $130.19 (125.0% expected return), and valuation confidence is insufficiently stable. Debate: Bull case depends on Closing of the Qorvo Merger This transformative deal is expected to close in early 2027, providing the scale and diversification needed to re-rate the stock. Bear case centers on Apple Insourcing and Customer Concentration Apple represents over 60% of revenue; the development of internal modems could eliminate Skyworks' largest revenue stream. Conclusion: Recommendation is Unclear; maintain no position until reliability and catalyst evidence improve.
Bull Case
The Qorvo merger creates a diversified RF leader with $500M+ in synergies and reduced customer concentration. Secular tailwinds from Wi-Fi 7 and automotive connectivity drive high-margin Broad Markets growth, while the stock trades at a historical trough P/Tangible Book of 1.8x.
Bear Case
Apple insourcing risk permanently impairs 60% of the revenue base, leading to structural margin erosion. Integration of the $22B Qorvo merger during a cyclical downturn creates significant execution risk and potential for value destruction.
Key Catalysts
Long-Term (18+ months)Impact: Critical
Closing of the Qorvo Merger This transformative deal is expected to close in early 2027, providing the scale and diversification needed to r...
Mid-Term (6-18 months)Impact: High
Woburn Fab Consolidation The closure of the Woburn facility and consolidation into Newbury Park is expected to drive significant gross margi...
Long-Term (18+ months)Impact: Moderate
Skyworks is relevant at this moment because it is trading at multi-year trough multiples while undergoing a transformative CEO transition an...
Primary Risks
Concern: High
Apple Insourcing and Customer Concentration Apple represents over 60% of revenue; the development of internal modems could eliminate Skywork...
Concern: Medium
Merger Integration Risk The complexity of integrating a $22 billion acquisition during a cyclical downturn could lead to synergy misses and...
Concern: Medium
The stewardship verdict is currently in transition. While the board features deep cyclical expertise from veterans of GM and Sears, the low...
Recent Activity
2026-02-04SEC Filing (8-K)
+5.49%Skyworks reports Q1 FY26 results with strong mobile and broad markets performance
2025-11-15SEC Filing (8-K)
-5.17%Skyworks Solutions adopted a new Severance and Change in Control Benefits Plan for senior executives.
2025-11-04SEC Filing (8-K)
-5.94%Skyworks Solutions reported Q4 FY2025 revenue of $1.10 billion and non-GAAP EPS of $1.76, with Q1 FY2026 guidance of $975-1,025 million revenue and $1.40 non-GAAP EPS at midpoint.
2025-10-28SEC Filing (8-K)
+5.83%Skyworks and Qorvo announced definitive agreement to combine, creating $22 billion RF solutions leader.
2025-02-06SEC Filing (8-K)
-24.67%Skyworks reports Q1 FY25 revenue of $1.068 billion with non-GAAP EPS of $1.60
Valuation Table
5.3/10Directional
Scenario Range
$4
Bear
$173
Bull
$58