Skyworks Solutions Announces No Dividends, $2B Share Repurchase Program

What Happened

• Skyworks Solutions, Inc. (SWKS) filed an 8-K on July 28, 2026 reporting results of operations/financial condition (press release attached) and announcing board actions on capital allocation.
• On July 28, 2026 the board decided not to declare any quarterly cash dividends on common stock going forward.
• On July 27, 2026 the board authorized a new stock repurchase program to buy up to $2.0 billion of common stock through January 31, 2029; this replaces and terminates the prior $2.0 billion program approved on February 4, 2025.

Key Details

• No quarterly cash dividends will be declared going forward (announced July 28, 2026).
• New repurchase authorization: up to $2.0 billion of common stock, effective July 27, 2026, through Jan 31, 2029.
• The February 4, 2025 $2.0 billion buyback program was terminated as of July 27, 2026.
• Repurchases may occur on the open market or in privately negotiated transactions, may be suspended at any time, and are expected to be funded using the company’s working capital.
• The filing includes a press release dated July 28, 2026 as Exhibit 99.1 with the related disclosures.

Why It Matters

• For investors seeking income, Skyworks’ decision to stop declaring quarterly cash dividends removes a direct cash yield from the stock.
• The $2.0B buyback authorization signals management preference to return capital via repurchases, which can reduce share count and potentially boost per-share metrics (e.g., EPS) over time; timing and actual repurchases are at management’s discretion.
• Funding the program from working capital is a factual disclosure about source of funds — investors should weigh this alongside the company’s liquidity and upcoming reported results (see the attached press release for financial details).