By the Top Tier Newswire AI Desk · October 9, 2026 at 9:45 AM ET · reviewed against 4 wire stories
SKYWORKS SOLUTIONS I (SWKS) is down -7.32% in the latest session. Our newswire has captured 4 stories on SWKS across 4 sources in the last 36 hours, with AI sentiment reading mixed (avg 46/100).
Skyworks Solutions (NASDAQ: SWKS) shares fell 7.32% to $74.84, driven by reports that Apple has cut component orders for its upcoming iPhone 18 Pro lineup. The decline in the supplier’s stock followed a 3% drop in Apple’s own shares, which are now trading at $331.22. This move highlights the continued pressure on the broader chip sector and specific iPhone suppliers.
What Happened
The primary catalyst for the sell-off was the news regarding reduced component orders for Apple’s next flagship device. While Apple’s stock dropped 3%, Skyworks experienced a sharper decline, reflecting its direct exposure to the iPhone supply chain. In a separate corporate development, Corus Entertainment announced the completion of a recapitalization transaction and the appointment of a new board. Maryann Turcke, an NFL executive, was named Chair of Corus and also serves on the board of Skyworks Solutions.
Analysts are preparing for Skyworks’ upcoming Q4 2026 earnings report, with expectations for a double-digit year-over-year decline in earnings per share. Recent analyst actions have been mixed; Citigroup maintains a Neutral rating with a $90 price target, while B. Riley Securities upgraded the stock to Buy with a $107 price target. RBC Capital maintains a Sector Perform rating with a $95 price target. Additionally, a Form 13G filing disclosed that Abigail P. Johnson holds a 12.6% stake in the company as of September 30.
What The Data Shows
The stock opened at $79.98, a 1.0% gap down from the prior close of $80.75. The session high was $79.98 at 7:00 AM ET, while the low reached $74.30 at 9:40 AM ET. Volume stood at 0.6 million shares, which is 0.1 times the three-month daily average. The company has a market cap of $12.6 billion and a P/E ratio of 41.7. Revenue has increased 0.1% on a trailing twelve-month basis, with a net margin of 7.2%. The stock’s beta is 1.48, and it trades within a 52-week range of $51.93 to $92.80. Over the last eight sessions, the stock has declined 7.2% from $87.00 to $80.75. On October 9, 2026, the stock printed nine fresh 52-week lows.
Congressional trading activity includes a purchase of $1,001 to $15,000 by Representative Ro Khanna on July 7, 2026, and a sale of the same amount by Donald J. Trump on June 16, 2026. Social media chatter remains minimal, with zero posts in the last 24 hours and only two in the past seven days.
What To Watch
Investors will focus on the upcoming Q4 2026 earnings report, where analysts anticipate a significant year-over-year decline in EPS. The market will also monitor how the company navigates the reported component order cuts from Apple and whether the recent board changes at Corus Entertainment have any further implications for Skyworks’ governance.
AI-assisted analysis composed exclusively from headlines and data on the Top Tier newswire. Public view is delayed 4 hours from real time. Not financial advice.