Qualcomm, Skyworks Targeted Amid Smartphone Demand Slump

Bank of America sets $145 price target for Qualcomm, based on 13x 2027 EPS $11.55, noting modest growth vs peers.
Qualcomm faces $7‑8 bn modem roll‑off risk by FY2027 and potential Android share loss from 100% to 75%, among other headwinds.
Skyworks Solutions receives $60 price objective (11x 2027 PE) and reports Q2 FY2026 EPS $1.15, revenue $944 million, beating forecasts.
Both firms confront weakening smartphone demand, with Skyworks exposed to Apple (70% sales) and Qualcomm to AI competition and memory price uncertainty.