Skyworks Solutions’ Moat Has Eroded but It Still Has Valuable RF Expertise

Skyworks Solutions is a leading supplier of a variety of radio frequency components to smartphone makers and a host of other electronics device makers. The company faces an intense competitive landscape, as evidenced by its expectation for share loss within Apple’s iPhone 17 series. However, we expect increasing complexity and a greater need for high end RF content to drive faster, and more reliable, data connections while preserving battery lives within wireless devices.