Skyworks to face another year of decline amid Apple shift, analysts eye 2027 rebound

Skyworks Solutions (NYSE: SWKS), the US-based wireless chipmaker, is bracing for another difficult year in 2025 as its reliance on Apple continues to weigh on performance. Analysts expect net revenue to fall -8% year-on-year to $3.9 billion, marking the third consecutive annual decline. Net income is forecast to drop -26% to $443 million.

The weakness stems largely from Apple — Skyworks’ largest customer — reducing its dependence on a single supplier and shifting to a dual-sourcing model for key components. This has sharply affected Skyworks’ Mobile business, where revenues are projected to plunge -15% to $2.4 billion.
In contrast, there are signs of stabilization in the company’s Broad Markets division, which includes chips used in industrial, automotive, IoT, and AI data center applications. Revenues from this segment are expected to grow +5% after two years of contraction.

The current downward trend is expected to continue into 2026. However, a recovery may be on the horizon by 2027, with analysts projecting an +8% rebound in net revenue and a sharp +19% jump in net income to approximately $769 million.