Mizuho downgrades Skyworks Solutions stock rating on handset concerns By Investing.com

Mizuho has downgraded Skyworks Solutions (NASDAQ:SWKS) to Underperform from Neutral, lowering its price target to $46 due to concerns about the declining global handset market, which accounts for 60-70% of Skyworks’ revenue. The firm projects a significant year-over-year decline in handset volumes for 2026 and 2027, exacerbated by memory shortages and increasing radio frequency insourcing by Chinese companies. This downgrade comes despite Skyworks reporting strong Q1 2026 financial results, though other analysts have also expressed mixed sentiments regarding the company’s future.

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