🔴 Skyworks Solutions is trading 4.47% down today despite earnings beat and $2 billion buyback announcement

Skyworks Solutions is trading at $61.79 (4.47% down) following the July 28 after-hours session, despite reporting results that exceeded analyst expectations.

• The company posted fiscal Q3 2026 revenue of $934.8 million and non-GAAP EPS of $1.08, both beating consensus estimates.
• Management authorized a new $2 billion share buyback program alongside the earnings release.
• The price decline may reflect profit-taking or a negative read-through from the pending Qorvo combination, with the move potentially amplified by thin after-hours liquidity.