| SWKS |
Report |
Q3 FY26 Revenue |
BEAT |
pred ~$935M vs. cons ~$922M |
MEDIUM |
| SWKS |
Report |
Q3 FY26 Non-GAAP EPS |
BEAT |
pred ~$1.07 vs. cons ~$1.03 |
MEDIUM |
| SWKS |
Report |
Q3 FY26 Non-GAAP Gross Margin |
IN-LINE |
pred ~44.8% vs. cons ~45.0% |
MEDIUM |
| SWKS |
Guide |
Q4 FY26 Revenue Guide |
BETTER |
guide ~$1.06B vs. cons ~$1.05B (Q4 FY2026, Sept quarter) |
MEDIUM |
| SWKS |
Guide |
Q4 FY26 Non-GAAP EPS Guide |
BETTER |
guide ~$1.38 vs. cons ~$1.35 (Q4 FY2026, Sept quarter) |
LOW |
| SWKS |
Guide |
Qorvo Merger Close Timing Commentary |
UNCHANGED |
guide ~early 2027 formal close vs. cons/street hope of late 2026 close (regulatory update for Q4 FY26/early CY2027) |
LOW |
| SWKS |
Return |
Day-1 residual (stock − beta × S&P 500) |
+5.0% |
— |
MEDIUM |
| SWKS |
Return |
5-day cumulative residual |
+2.0% (FADE) |
Stock is deeply oversold (-25% in a month) heading into the print, so a modest beat plus a Q4 guide that's merely in-line-to-slightly-better than the depressed consensus should spark a sharp relief rally on day 1. But the underlying bear thesis (flat mobile content at the top customer, KeyBanc's smartphone-cycle caution, and no concrete resolution on Qorvo's FTC Second Request/SAMR Phase 2 timeline) isn't resolved by one quarter's numbers. Analysts are likely to leave FY27 mobile-content and merger-synergy assumptions largely unchanged even after a beat, meaning out-period estimate revisions stay muted; some of the initial short-covering/relief-rally gains should fade over the following days as the market re-focuses on secular mobile growth concerns and lack of merger-timeline clarity. |
LOW |