Q3 FY26 · Ended Jul 3, 2026 · View SEC filing
Research spending now dwarfs operating profit
Research spending kept rising while sales slipped, so a 3.1% revenue dip cut operating income by more than half.
For investorsWhat has to go right for Skyworks' margins to rebuild?
For foundersKeeping the engineering budget through a revenue dip
The rate rose from 6.3% on transaction costs and uncertain tax positions, so net income fell faster than operating income.
In a business whose cash usually runs well above profit, inventory and capital spending pushed free cash flow below zero.
Research spending runs at 2.1 times selling and administration, the budget behind the next round of design wins.
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Business Lens describes Skyworks Solutions from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
