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SWKS · Q3 FY2026
Archived report (Q3 FY2026). Latest deep dive →
The quarter in brief
Revenue fell 3.1% y/y to $935M, operating margin 5.2% vs 11.5%, net income $34M (−67.7% y/y).
Net income
$33.9M
down 67.7% y/y
Net revenue
$935M
down 3.1% y/y
Operating income
$48.5M
down 56.1% y/y
Gross profit
$375M
down 6.5% y/y
All figures in $M.
| Line item | Amount and change |
|---|---|
| Net revenue | $935 · −3.1% |
| Cost of goods sold | $560 · −0.7% |
| Gross profit | $375 · −6.5% · 40.1% margin |
| Research and development | $208 · +4.2% |
| Selling, general, and administrative | $98.7 · +10.5% |
| Amortization of intangibles | $0.2 · +0.0% |
| Restructuring, impairment, and other charges | $19.8 · +1220% |
| Operating income | $48.5 · −56.1% · 5.2% margin |
| Interest expense | $5.9 · −10.6% |
| Other income, net | $6.2 · −22.5% |
| Income before income taxes | $48.8 · −56.4% |
| Provision for income taxes | $14.9 · +113% · 30.5% effective rate |
| Net income | $33.9 · −67.7% · $0.22/sh · 3.6% margin |
Verdict: revenue fell 3.1% y/y to $935M, operating margin 5.2% vs 11.5%, net income $34M (−67.7% y/y).
Skyworks announced a new stock repurchase authorization of $2 billion for the combined company.
Source and notation
Source: Skyworks Solutions press release, 8-K EX-99.1 of 07/28/2026 (SEC EDGAR). Every figure was matched against the income statement in the release and checked against SEC XBRL.
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<figure> <a href="https://whoreportstoday.com/t/swks/q3-fy2026"><img src="https://whoreportstoday.com/t/swks/q3-fy2026/sankey.png" alt="SWKS Q3 FY2026: where the revenue went" loading="lazy" style="max-width:100%;height:auto"></a> <figcaption>Source: <a href="https://whoreportstoday.com/t/swks/q3-fy2026">Who Reports Today</a>, licensed under <a href="https://creativecommons.org/licenses/by/4.0/">CC BY 4.0</a></figcaption> </figure>
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<a href="https://whoreportstoday.com/t/swks/q3-fy2026">SWKS Q3 FY2026 earnings chart (Who Reports Today)</a>
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- Non-GAAP operating income was $182 million, and non-GAAP diluted EPS was $1.08.
- Gross margin was 40.1% vs 41.6% a year earlier.
- Operating income was $49M, a 5.2% margin vs 11.5% a year earlier.
- The effective tax rate was 30.5% vs 6.3% a year earlier.
- Diluted EPS was $0.22 vs $0.70 a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
SWKS — a semiconductor company that designs and makes analog and mixed-signal chips, including radio-frequency components for smartphones, as well as chips for automotive, industrial, broadband, data center and other uses; Apple is among its key customers.
It reports a single segment. · Source: annual report (Form 10-K, SEC)
Heads-up
- net income fell 68% y/y in Q3 FY2026
- revenue fell 3% y/y in Q3 FY2026
Net income for Q3 FY2026: $33.9M, −68% y/y. In the report's figures: revenue −3% y/y; costs grew faster than revenue: restructuring, impairment, and other charges +1220% y/y, provision for income taxes +113% y/y, selling, general, and administrative +11% y/y. Based on the Q3 FY2026 report.
The company's report ↗Revenue for Q3 FY2026: $935M, −3% y/y. Based on the Q3 FY2026 report.
The company's report ↗More reports: TDY · Q3 2026 · TEL · Q4 FY2026 · TER · Q3 2026 · TRMB · Q2 2026 · TWLO · Q3 2026 · TXN · Q3 2026 · TYL · Q3 2026 · VRSN · Q3 2026 · WDAY · Q2 FY2027 · WDC · Q1 FY2027 · all reports