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SWKS +2.73% on Nov 12 · Analysis updated Nov 12, 2026, 4:47 PM ET
Why is Skyworks Solutions, Inc. (SWKS) stock up?
Skyworks has rallied about 9% in two sessions, from $82.71 on Nov 10 to $90.03 on Nov 12. The intraday high of $93.24 was above the prior 52-week high of $92.80, and the stock then gave back part of the move. Volume of about 5.1M shares is well above the 3.1M on Nov 10, which gives the rally more support than it had earlier in the day. The backdrop is mixed. The Qorvo merger closed Oct 5, and the Nov 3 report guided December-quarter revenue to $1.8B-$1.9B with 46%-48% non-GAAP gross margin. The stock fell sharply on Nov 4 as the guidance disappointed. Fiscal 2026 revenue fell 3.1%, net income fell 63.9%, and the P/E is about 78x. The consensus rating is Hold with an average target near $79, so the price is above most targets. The recent gains look driven by sector and AI sentiment rather than new company news. Short interest of about 9.5% of float could add to volatility, in either direction.
News behind the analysis
- Skyworks Solutions (SWKS) Reports Q4 2026 Earnings Following Qorvo MergerSkyworks reported Q4 FY2026 results on Nov 3 and guided December-quarter revenue to $1.8B-$1.9B. Non-GAAP gross margin is guided to 46%-48%. The report followed the Qorvo merger, which closed Oct 5.
- Qorvo, Inc. - Form 8-K (merger completion)The Skyworks-Qorvo merger closed on Oct 5, 2026. Qorvo is now a wholly owned subsidiary of Skyworks.
- Skyworks Solutions (SWKS) Stock Price & OverviewThe consensus rating is Hold and the 12-month average target is $79.11. Citi cut its target to $79 from $90 and kept a Neutral rating. Trailing revenue of $3.96B is down 3.1%.
- SWKS Stock Price and ChartThe page cites JPMorgan raising its target to $77 and revenue falling 3.1%. It shows analyst targets ranging from $58 to $107.
- SWKS - Skyworks Solutions Inc Stock Price and QuoteThe stock closed at $82.92 on Nov 4 on volume of about 10M shares. Short float is 9.52% and the average target is $78.12.
- Skyworks Solutions (SWKS) Stock Price, Quote & AnalysisThe average analyst target is $84.10 and the high is $107. The 52-week range is $51.93-$92.80.
About Skyworks Solutions Inc
Skyworks Solutions makes radio-frequency (RF) and analog chips that let phones, cars, Wi-Fi gear and industrial devices send and receive wireless signals. It bought Qorvo, its long-time rival, in a deal that closed on October 5, 2026. That makes it one of the largest RF front-end chip suppliers, and Qorvo now runs as a Skyworks subsidiary.
How it makes money
It sells chips such as power amplifiers, filters, switches and front-end modules to device makers. Smartphones bring in most of the revenue, and Apple alone has historically accounted for roughly half or more of Skyworks' sales before the merger. The rest comes from 'broad markets': Wi-Fi and networking, cars, industrial, infrastructure and defense. Adding Qorvo brings more Android-phone, defense and infrastructure business.
What usually moves SWKS
- Apple iPhone volumes and how much Skyworks content goes into each phone
- Smartphone demand and 5G upgrade cycles
- Progress and cost savings from integrating Qorvo
- Growth in cars, Wi-Fi and infrastructure
- US–China trade and tariff policy