Home / Business and Economy / SWKS Beats Estimates: Q2 Earnings Surprise
SWKS Beats Estimates: Q2 Earnings Surprise
20 Jun
Summary
- Skyworks stock grew 35.2% in three months, beating Nasdaq.
- The company's Q2 2026 revenue was $943.7 million, exceeding estimates.
- Analysts maintain a 'Hold' consensus with a modest price target.
Skyworks Solutions, Inc. (SWKS), a developer of analog and mixed-signal semiconductors, has experienced a notable surge in its stock performance over the past three months, gaining 35.2%. This growth surpasses the Nasdaq Composite's 20% rise during the same period. However, looking at the longer term, SWKS is up nearly 1.2% over the past 52 weeks, significantly lagging behind the Nasdaq's 35.7% return.
The company reported its Q2 2026 earnings on May 5, exceeding expectations. Revenue for the quarter reached $943.7 million, surpassing analyst estimates. Additionally, adjusted earnings per share (EPS) came in at $1.15, also topping Wall Street's forecasts. For the current quarter, Skyworks projects its EPS to be $1.03.
Despite these positive quarterly results, the overall sentiment among analysts tracking SWKS remains cautious. The consensus rating is a 'Hold,' with a mean price target of $75.22, suggesting a limited 3.8% upside potential from current trading levels. In comparison, peer NXP Semiconductors N.V. (NXPI) has seen a more substantial 48.2% surge over the past 52 weeks.
