Skyworks Solutions (SWKS)

RF front-end, precision timing, isolation and power — mobile plus broad markets and defence RF after the Qorvo combination

AI exposure 3% — derived from reported segment revenue, not asserted.

Where it sits

Silicon Layer → Analog, Logic & Mixed-Signal ICs · figures rebased to FQ3 FY2026, reported 2026-07-28

Skyworks is an RF and mixed-signal semiconductor company throughout, and after the Qorvo combination every business line sits in Analog, Logic & Mixed-Signal ICs: smartphone RF front-end at 58.7% of pro forma revenue, Broad Markets and connectivity (Wi-Fi, timing, isolation, automotive) at 29.3%, and Qorvo's defence, aerospace and infrastructure RF at 12.0%. Placement rule 1 files the defence GaN MMICs by what they are — the reading already applied to MACOM's Industrial & Defense segment and to Qorvo before the merger. Replaces Qorvo, which last traded on 2 Oct 2026. Added 2026-10.

Reported segments

Pro forma June 2026 quarter, $1,719.6M: Skyworks FQ3 FY2026 ($934.8M, quarter ended Jul 3) plus Qorvo FQ1 FY2027 ($784.8M, quarter ended Jun 27) — the last quarter each company reported standalone before the 5 Oct 2026 close. Skyworks reports one segment and gives its Mobile/Broad Markets split on the call (57%/43%); Qorvo reported ACG $476.6M, HPA $206.3M and CSG $101.9M. Mobile 58.7% = primary B1 Analog, Logic & Mixed-Signal ICs; Broad Markets + CSG 29.3%; HPA 12.0%. The combined company's own segment reporting, from FQ1 FY2027, replaces this.

How the 3% is built

Investment read

Moat. BAW/SAW acoustic-filter process IP and owned GaAs and filter fabs, now combining two of the three US RF front-end specialists (Broadcom is the third), with socket qualifications measured in years; plus Qorvo's GaN MMIC defence franchise on funded programmes and Skyworks' precision-timing and isolation IP. Sticky at the design-in, capped at the customer.

Bottleneck / pricing power. Customer-capped pricing power: standalone non-GAAP gross margin 44.9% in FQ3 FY2026, down 220bps, lifted toward ~48.5% pro forma by Qorvo's 52.8%. Apple — 67% of Skyworks' fiscal 2025 revenue — sets terms, and the combination removes one merchant alternative, which strengthens Skyworks' hand and Apple's incentive to design around it.

Role in the AI stack. The RF front-end layer — mobile RF, connectivity and defence/infrastructure RF in one company after the Qorvo combination; AI-peripheral.

Connected companies

Others in Analog, Logic & Mixed-Signal ICs

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