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Skyworks Solutions’ $1 Billion Android Win: Can RF Complexity Offset Mobile Pressure?

Skyworks Solutions, Inc. reported second-quarter fiscal 2026 revenue of $944 million, surpassing the high end of its guidance by approximately $20 million, with diluted earnings per share of $1.15, exceeding guidance by $0.05. The financial performance benefited from stronger-than-expected demand in both mobile and broad markets, with a revenue split of about 58% mobile and 42% broad markets. Broad market segments including WiFi, data center, and automotive collectively grew 30% year-over-year, marking the ninth consecutive quarter of growth in these areas. The company maintained a gross margin of 45%, aligned with guidance, despite modest headwinds from increased input costs. Operating expenses remained consistent with prior outlooks at $236 million, yielding an operating margin of 20%. Skyworks ended the quarter with $1.4 billion in cash and investments against $1 billion in debt, maintaining a strong balance sheet.