Skyworks’ shares declined 5.6% post-earnings as investors reacted negatively to signs of margin compression and a cautious near-term outlook despite revenue and EPS modestly exceeding guidance.

• Q2 revenue totaled $944 million, approximately $20 million above the high end of guidance.
• Earnings per share came in at $1.15, $0.05 above the high end of guidance.
• Broad markets showed continued strength with nine consecutive quarters of growth and triple-digit growth engines (WiFi, data center, automotive) growing 30% year-over-year.
• Management highlighted ongoing regulatory risk and timing uncertainty around the Qorvo merger, with potential closing pushed to early or late 2027.
• Despite topline strength, investors likely disappointed by margin pressure hinted at and cautious commentary on macro risks, which weighed on sentiment.