New York, Jan 7, 2026, 13:25 ET — Regular session
Skyworks Solutions shares were down 11.8% at $58.44 in afternoon trade on Wednesday, after touching an intraday low of $58.17. No immediate catalyst was apparent.
The selloff comes as the chipmaker works to convince investors it can lean more on markets beyond smartphones, with CES 2026 in full swing. “As AI accelerates at the edge, Skyworks delivers high-performance technologies that move data, synchronize intelligent systems,” Yusuf Jamal, a senior vice president at the company, said in a CES-related release. Nasdaq
That push sits alongside a bigger overhang: Skyworks’ planned cash-and-stock deal for smaller rival Qorvo, which would create a roughly $22 billion combined radio-frequency chipmaker and still needs regulatory and shareholder approvals. Skyworks and Qorvo both supply Apple and other handset makers.
The stock had closed at $66.27 on Tuesday after three straight gains, but it is still far below its 52-week high of $95.46, hit on Jan. 21, MarketWatch data showed.
Other chip names were mixed on Wednesday. Qorvo fell 8.7%, while Qualcomm slid 2.3% and Broadcom edged higher; the iShares Semiconductor ETF was down about 1.3% even as the S&P 500 ETF traded slightly higher.
On the merger front, Skyworks has said it planned to withdraw and refile Hart-Scott-Rodino paperwork — the U.S. premerger notification process that starts a waiting period before deals can close — by Jan. 7, a step that can reset the review clock.
Fundamentally, investors are still anchored to Skyworks’ next guidance update. In November, Skyworks forecast first-quarter revenue between $975 million and $1.03 billion and adjusted profit of $1.40 per share, ahead of analysts’ estimates at the time, Reuters reported.
But the risks run both ways. Skyworks has warned in the past that weakness in its mobile segment can drag results quickly, and the stock remains sensitive to shifts in handset demand and customer mix.
