RBC raises target for Skyworks Solutions stock to USD 95.00
Published on 10/02/2026 at 15:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
RBC Capital raised its target for Skyworks Solutions stock from USD 70.00 to USD 95.00 on October 1, 2026, while maintaining a Sector Perform rating, according to Investing.com. On September 30, 2026, Skyworks said it had received all necessary regulatory clearances for its proposed combination with Qorvo.
Qorvo closing moves closer
The parties expect the merger to close on October 5, 2026, subject to the remaining customary closing conditions, the company said in its September 30, 2026 update. The transaction would combine two radio-frequency and mixed-signal semiconductor businesses, making deal execution the central near-term variable for the share price.
The financing burden is already visible in the outlook. Skyworks said its September quarter forecast includes USD 5 million, or USD 0.03 per share, of incremental net interest expense tied to partial-quarter financing for the Qorvo combination.
Quarterly figures show mixed signals
For the third fiscal quarter of 2026 ended June 27, Skyworks reported revenue of USD 934.8 million, GAAP diluted earnings per share of USD 0.22 and non-GAAP diluted earnings per share of USD 1.08, according to the company's quarterly results page. Adjusted earnings per share exceeded the USD 1.03 consensus cited by MarketBeat, while revenue was below the prior-year level by 3.10 percent.
The company guided to September-quarter revenue of USD 1.01 billion to USD 1.06 billion and non-GAAP diluted earnings per share of USD 1.27 at the midpoint. That forecast offers a concrete test of whether automotive and data-center demand can offset pressure in the mobile business.
Target lift meets cautious consensus
RBC's new USD 95.00 target stands against a broader consensus Hold rating from 24 analysts and an average target of USD 75.32, figures reported by MarketBeat on October 1, 2026. The gap between RBC's view and the wider average shows how strongly the Qorvo combination shapes current valuation arguments.
Skyworks Solutions stock trades lower
Skyworks Solutions stock was trading at EUR 74.12 at Lang & Schwarz on October 2, 2026 at 3:31 p.m. CEST, down EUR 0.54 or minus 0.72 percent versus the prior close of EUR 74.66. The same-day market capitalization was USD 12.6 billion, while the primary-exchange 52-week range was USD 51.93 to USD 92.80.
The further course of trading is shown by the continuously updated real-time quote of Skyworks Solutions stock.
Skyworks Solutions stock at a glance
- Company: Skyworks Solutions, Inc.
- ISIN: US83088M1027
- Ticker: SWKS
- Primary exchange: Nasdaq
- Price Lang & Schwarz as of October 2, 2026, 3:31 p.m. CEST: EUR 74.12
- Change versus prior close: minus 0.72 percent
- Prior close Lang & Schwarz October 1, 2026: EUR 74.66
- Market capitalization: USD 12.6 billion as of October 2, 2026
- 52-week range: USD 51.93-92.80 as of October 2, 2026
- Sector / Industry: Technology / Semiconductors
