Skyworks stock forecast 2027–2029
MyStockButler's October 2026 analysis: Skyworks weighted forecast is $36.66 in October 2027, a 56% loss. Skyworks hinges on mobile content and socket retention.
Where could Skyworks' shares be by October 2029?
The weighted forecast is $36.66 in October 2027, a 56% loss. It reaches $61.13 in October 2028, a 27% loss. It ends at $87.18 in October 2029, a 4% gain. Bear carries 35% probability and base carries 50%. Bull carries 15%.
| Case | Probability | October 2027 | October 2028 | October 2029 |
|---|---|---|---|---|
| Bear | 35 % | 13.09 (-84 %) | 21.55 (-74 %) | 28.54 (-66 %) |
| Base | 50 % | 42.08 (-50 %) | 70.61 (-15 %) | 100.56 (+21 %) |
| Bull | 15 % | 73.61 (-12 %) | 121.88 (+46 %) | 179.38 (+115 %) |
| Weighted | 100 % | 36.66 (-56 %) | 61.13 (-27 %) | 87.18 (+4 %) |
What has to go right—and what could go wrong for Skyworks?
Those values use pro forma revenue of about $7,700 million and a 13% margin initially. The later margins rise to 16% and 18%, still below the supplied standalone five-year average of 22.1%. The bear range is $560 million to $836 million because lost mobile share, weak demand and delayed savings keep margins low. The bull range is $1,200 million to $1,800 million because retained designs, Broad Markets growth and factory savings improve utilization. Broad Markets grew 8% year over year, while management has targeted at least $500 million of annual savings within 24–36 months.
The bull case assumes major designs remain, Broad Markets grows, and the combination delivers at least $500 million of annual savings on schedule. Higher utilization lifts profit, debt falls, and buybacks reduce dilution. The shares reach $73.61 initially and $179.38 at the final date. Its 15% probability is below the specialists’ 20% because the outcome requires customer retention, integration success, strong cash generation and full repurchase execution despite recent negative free cash flow.
How much cash does Skyworks really make?
Stock compensation adds another qualification. Skyworks paid $232.4 million in stock compensation in fiscal 2025. Subtracting it from reported free cash flow leaves $873.4 million, an owner-oriented measure that recognizes dilution rather than a company-defined subtotal.
| Oct 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Oct 2021 | |
|---|---|---|---|---|---|
| Cash from operations | 1,300.8 | 1,824.7 | 1,856.4 | 1,424.6 | 1,772.0 |
| − Capital spending | 195.0 | 157.0 | 210.3 | 489.4 | 637.8 |
| = Free cash flow | 1,105.8 | 1,667.7 | 1,646.1 | 935.2 | 1,134.2 |
| − Stock pay | 232.4 | 180.3 | 185.1 | 195.2 | 191.9 |
| = Real free cash flow | 873.4 | 1,487.4 | 1,461.0 | 740.0 | 942.3 |
| Real free cash flow, % of revenue | 21.4% | 35.6% | 30.6% | 13.5% | 18.4% |
What this means. Stock pay uses no cash today, but it gives employees part of the company, so we subtract its value to show what is truly left for shareholders.
What does an investor pay for Skyworks today?
P/E means the share price divided by the profit assigned to one share. Skyworks’ trailing P/E is 43.2x, implying about $1.93 of earnings per share over the last twelve months; its forward P/E is 16.6x, implying about $5.03 over the next twelve months. That gap is an expectation, not proven growth, because the periods and accounting adjustments may differ. The investment works only if the enlarged company produces roughly that higher figure consistently.
| Today (Oct 24, 2026) | |
|---|---|
| Share price | 83.43 |
| P/E, last 12 months (calculated) | 43.2x |
| P/E, next 12 months (calculated) | 16.6x |
| Price to book (calculated) | 2.2x |
| Dividend yield (calculated) | 3.4% |
What this means. The dividend yield looks like income you will receive, but the company stopped paying dividends on July 28, 2026, so it is based only on the last payment and is not a promise of future payments.