Skyworks Solutions (SWKS) Q1 FY2026 earnings: revenue $1.0 billion, down 3.1% on the year

Skyworks Solutions, Inc. (SWKS) reported revenue of $1.0 billion for Q1 FY2026, the quarter ended 2 January 2026, down 3.1% on the same quarter a year earlier. Net income was $79 million, down 51.1% on the year, and diluted earnings per share $0.53. The figures are the company's own, from the 10-Q it filed with the SEC on 5 February 2026.

Revenue

$1.0 billion

-3.1% on the year · -5.9% on the quarter

Q2 FY2024Q1 FY2026

Operating margin

10.0%

16.9% a year earlier

Q2 FY2024Q1 FY2026

Net income

$79 million

-51.1% on the year · -44.0% on the quarter

Q2 FY2024Q1 FY2026

Diluted EPS

$0.53

-47.0% on the year · -43.6% on the quarter

Q2 FY2024Q1 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 9 new, 1 kept.

Revenue above company expectations: Revenue was $1.035 billion, against $1,068.5 million a year earlier. Management said results were above company expectations for the fourth consecutive quarter, across revenue, gross margin and non-GAAP earnings.
EPS compared with year-earlier quarter: GAAP diluted EPS was $0.53, against $1.00 a year earlier; non-GAAP diluted EPS was $1.54, against $1.60. GAAP operating income was $103.8 million and non-GAAP operating income was $252.1 million.
Mobile results above expectations: Management said Mobile results were above its own expectations, citing sell-through and operational execution. The release gives no Mobile revenue figure for the quarter.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Revenue	1,035	1,100	1,068	-5.9%	-3.1%
Cost of revenue	608	653	627	-6.8%	-2.9%
Gross profit	427	448	442	-4.6%	-3.3%
Gross margin	41.3%	40.7%	41.4%
Research and development	203	223	176	-8.9%	+15.3%
Selling, general and administrative	108	112	82.6	-2.9%	+31.2%
Operating income	104	111	181	-6.5%	-42.7%
Operating margin	10.0%	10.1%	16.9%
Interest expense	6.3	6.9	6.8	-8.7%	-7.4%
Pre-tax income	110	122	190	-10.0%	-42.4%
Income tax	30.5	-19.5	28.4		+7.4%
Effective tax rate	27.8%	-16.0%	14.9%
Net income	79.2	141	162	-44.0%	-51.1%
Net margin	7.6%	12.9%	15.2%
Diluted EPS	$0.53	$0.94	$1.00	-43.6%	-47.0%

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Operating cash flow	396	200	377	+97.8%	+4.9%
Capital expenditure	56.5	56.0	39.0	+0.9%	+44.9%
Free cash flow	339	144	338	+135.4%	+0.2%
Free cash flow margin	32.7%	13.1%	31.7%
Cash from investing	139	-131	7.5		+1,753.3%
Cash from financing	-145	-93.5	-151
Depreciation and amortisation	117	117	116	+0.4%	+1.2%
Share-based compensation	57.7	63.4	51.1	-9.0%	+12.9%
Dividends paid	106	106	112	+0.8%	-5.4%
Dividend per share	$0.71	$0.71	$0.70	0.0%	+1.4%
Diluted shares, weighted	150m	150m	161m	+0.5%	-6.8%
Shares outstanding at period end	150m	149m	161m	+0.8%	-6.7%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Shareholders' equity	5,759	5,757	6,401	+0.0%	-10.0%
Debt	996	996	995	+0.0%	+0.2%
Operating lease liabilities	158	170	179	-7.2%	-11.6%
Other liabilities	954	994	757	-3.9%	+26.1%
Total liabilities and equity	7,868	7,917	8,331	-0.6%	-5.6%
Fixed assets	1,179	1,195	1,247	-1.3%	-5.5%
Goodwill	2,177	2,177	2,177	0.0%	0.0%
Intangible assets	764	809	884	-5.5%	-13.5%
Investments	18.2	227	152	-92.0%	-88.0%
Cash and equivalents	1,550	1,161	1,602	+33.5%	-3.3%
Receivables	398	598	520	-33.4%	-23.4%
Inventory	768	755	700	+1.7%	+9.7%
Other assets	1,013	996	1,049	+1.8%	-3.4%
Total assets	7,868	7,917	8,331	-0.6%	-5.6%

Questions

What was Skyworks Solutions' revenue in Q1 FY2026?

Skyworks Solutions (SWKS) reported revenue of $1.0 billion for Q1 FY2026, the quarter ended 2 January 2026, down 3.1% on the same quarter a year earlier.

How much did Skyworks Solutions earn in Q1 FY2026?

Net income for Q1 FY2026 was $79 million, down 51.1% on the year, and diluted earnings per share $0.53.

When did Skyworks Solutions report Q1 FY2026 results?

Skyworks Solutions filed its 10-Q for the quarter ended 2 January 2026 with the SEC on 5 February 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	1,311	1,510	1,336	1,233	1,407	1,329	1,153	1,071	1,219	1,202	1,046	906	1,025	1,068	953	965	1,100	1,035	944	935
Cost of revenue	697	796	698	649	738	692	626	607	741	695	626	541	595	627	562	564	653	608	558	560
Gross profit	614	715	638	583	669	638	527	464	478	507	420	364	430	442	392	401	448	427	385	375
Gross margin	47%	47%	48%	47%	48%	48%	46%	43%	39%	42%	40%	40%	42%	41%	41%	42%	41%	41%	41%	40%
R&D	149	151	161	156	150	164	148	148	147	153	154	161	164	176	186	199	223	203	212	208
SG&A	101	82.0	83.0	77.0	87.8	84.5	79.0	77.2	73.3	78.8	76.8	71.2	74.0	82.6	88.0	89.3	112	108	120	98.7
Operating income	328	446	367	326	388	367	273	231	254	258	189	130	59.5	181	97.3	111	111	104	42.1	48.5
Operating margin	25%	30%	28%	26%	28%	28%	24%	22%	21%	21%	18%	14%	6%	17%	10%	11%	10%	10%	4%	5%
Interest expense	10.8	11.0	11.4	11.3	14.2	16.9	18.9	16.2	12.4	10.0	7.1	6.6	7.0	6.8	6.8	6.6	6.9	6.3	7.5	5.9
Pre-tax income	316	436	354	314	372	351	260	222	246	252	193	133	58.4	190	102	112	122	110	45.4	48.8
Tax rate	-3%	8%	14%	15%	19%	12%	10%	12%	1%	8%	5%	9%	-4%	15%	33%	6%	-16%	28%	22%	31%
Net income	326	400	306	267	302	309	233	196	245	231	183	121	60.5	162	68.7	105	141	79.2	35.6	33.9
Net margin	25%	26%	23%	22%	21%	23%	20%	18%	20%	19%	18%	13%	6%	15%	7%	11%	13%	8%	4%	4%
Diluted EPS	$1.95	$2.40	$1.86	$1.66	$1.88	$1.93	$1.46	$1.22	$1.52	$1.44	$1.14	$0.75	$0.37	$1.00	$0.43	$0.70	$0.94	$0.53	$0.24	$0.22
Operating cash flow	398	582	393	214	236	773	412	306	366	775	300	273	476	377	409	314	200	396	50.3	70.4
Capital expenditure	263	95.8	127	125	142	63.5	45.4	31.3	70.1	22.2	27.6	24.4	82.8	39.0	38.5	61.5	56.0	56.5	82.4	87.1
Free cash flow	135	486	266	88.6	94.6	710	366	274	295	753	273	249	393	338	371	253	144	339	-32.1	-16.7
Buybacks	0.0	269	418	119	80.3	166	9.1	0.0	0.0	0.0	0.0	77.3	0.0	n/a	n/a	330	n/a	n/a	n/a	0.0
Dividends paid	92.5	92.5	91.2	90.0	99.4	99.4	98.6	98.7	108	109	109	109	112	112	111	104	106	106	107	107
Shares outstanding	165m	164m	162m	161m	160m	159m	159m	159m	160m	160m	160m	160m	160m	161m	154m	148m	149m	150m	150m	150m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 2 January 2026, filed 5 February 2026: the filing.