Skyworks Solutions (Nasdaq: SWKS) drops dividend, adds $2.0B stock repurchase plan
Rhea-AI Filing Summary
Skyworks Solutions, Inc. reported that it issued a press release announcing financial results for the three- and nine-month periods ended July 3, 2026, which is included as Exhibit 99.1.
The board of directors decided not to declare any quarterly cash dividends on its common stock going forward. The board also authorized a new stock repurchase program of up to $2.0 billion of common stock, available for repurchases on the open market or through privately negotiated transactions through January 31, 2029. This program replaces a prior $2.0 billion repurchase authorization approved on February 4, 2025, which was terminated on July 27, 2026. Management will determine timing and amounts of any repurchases, which may be suspended or discontinued, and the company currently expects to fund repurchases from working capital.
Positive
- None.
Negative
- Quarterly cash dividends discontinued going forward, as the board decided not to declare any further quarterly cash dividends on common stock.
Insights
Analyzing...
Key Figures
New repurchase authorization: $2.0 billion
Program end date: January 31, 2029
Prior repurchase program size: $2.0 billion
+3 more
6 metrics
New repurchase authorization
$2.0 billion
Maximum aggregate amount of common stock repurchases authorized through January 31, 2029
Program end date
January 31, 2029
Expiration of newly authorized $2.0 billion stock repurchase program
Prior repurchase program size
$2.0 billion
Size of stock repurchase program approved February 4, 2025, terminated July 27, 2026
Prior program approval date
February 4, 2025
Date the earlier $2.0 billion repurchase program was approved
Prior program termination date
July 27, 2026
Date the earlier $2.0 billion repurchase program was terminated
Reported period end
July 3, 2026
End date for the three- and nine-month financial results discussed in Exhibit 99.1
Key Terms
stock repurchase program, quarterly cash dividends, working capital, privately negotiated transactions, +1 more
5 terms
stock repurchase program financial
"authorized a stock repurchase program for the repurchase of up to $2.0 billion"
A stock repurchase program is when a company buys back its own shares from the market. This can make each remaining share more valuable and shows that the company believes its stock is a good investment. It’s like a business treating its shares like a limited resource, hoping to boost confidence and share prices.
quarterly cash dividends financial
"decided not to declare any quarterly cash dividends on its common stock"
working capital financial
"currently expects to fund the stock repurchase program using its working capital"
Working capital is the money a business has available to cover its daily expenses, like paying bills and buying supplies. It’s like the cash in your wallet that helps you handle everyday costs; having enough ensures the business can operate smoothly without running into money shortages.
privately negotiated transactions financial
"on the open market or in privately negotiated transactions, in compliance"
Privately negotiated transactions are deals made directly between parties without involving a public marketplace or open auction. They are like private sales between two individuals rather than items sold at a busy marketplace open to everyone. For investors, these transactions can offer more tailored terms and privacy, but they may also carry different risks and less transparency compared to public exchanges.
Emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What financial periods did Skyworks report results for that may interest QRVO followers?
Skyworks Solutions reported financial results for the three- and nine-month periods ended July 3, 2026. The detailed figures are contained in a press release attached as Exhibit 99.1 to the current report.
What dividend change did Skyworks Solutions announce that could matter to QRVO investors?
Skyworks Solutions announced its board will no longer declare quarterly cash dividends on its common stock going forward. This change alters its direct cash return strategy to shareholders compared with prior quarters.
What is the size and duration of Skyworks’ new stock repurchase program relevant to QRVO-watchers?
The board authorized a $2.0 billion stock repurchase program for common stock, running through January 31, 2029. Repurchases may occur on the open market or through privately negotiated transactions, subject to management’s discretion.
How does the new Skyworks repurchase plan compare with its prior authorization for investors tracking QRVO?
The new program for up to $2.0 billion of common stock fully replaces a prior $2.0 billion repurchase program approved on February 4, 2025, which was terminated effective July 27, 2026.
How does Skyworks plan to fund its $2.0 billion stock repurchase program of interest to QRVO-focused investors?
Skyworks Solutions currently expects to fund repurchases under the $2.0 billion stock repurchase program from its working capital. Actual repurchases and timing will depend on market conditions and other factors.