Schwab Network on $SWKS (Nov 4, 2026)
Skyworks fell over 10% as weak smartphone demand overshadows the Curvo deal; it had been up about 34% this year and is losing that momentum. Last quarter's EPS of $1.28 and $1.05 billion revenue slightly beat, but sales declined, and Curvo makes it bigger without fixing near-term weak demand; the disappointment is about expectations and the next phase.
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Skyworks' stock is plummeting, so let's talk about that now. Yes, it's about the weakness of the smartphone market here, and that overshadows the "Corvo" deal here.
Skyworks shares came under heavy pressure, falling by more than 10%. Look, Skyworks came in today as one of the top performers since the beginning of the year, but we are now seeing a significant decline.
Trading today began with a rise of approximately 34%. We are losing some of this positive momentum. The concern now revolves around what will happen in the next phase. Demand for smartphones is casting a shadow over expectations.
Regarding the last quarter, earnings per share were $1.28, which is one cent better than expected. Revenues reached $1.05 billion, which is also slightly better than expected. They are becoming a bigger company thanks to the acquisition of Curvo, but that does not solve the immediate problem of weak market demand at the moment.
They make the chips that help smartphones and other devices send and receive those wireless signals. They depend on the number of phones manufacturers make, the components they use, and you know, what does the demand for smartphones look like?
They exceeded expectations, but sales actually declined. Expectations are the real source of great disappointment here, Nicole.