Filing Flows › Skyworks Solutions (SWKS) › Takeover & LBO
Is Skyworks Solutions (SWKS) a takeover target?
A leveraged buyout at today's price plus 30% ($113.85 a share) would return a loss of about 4% a year to a private-equity buyer over 5 years; no price, however low, gets a buyer to 20%. Historically 2.4% of companies with its figures were bought within a year (0.48× the average).
The buyout, step by step
| Entry | Amount | How |
|---|---|---|
| Offer price a share | $113.85 | today's $87.58 plus 30% |
| × shares | 151.4 million | |
| = Equity value | $17.2B | |
| + Debt refinanced | $497M | |
| − Cash | $799M | |
| = Enterprise value | $16.9B | 22.0× EBITDA of $769M |
| Fees | $339M | 2% of the price |
| New debt | $4.2B | 5.5× EBITDA at 7.65% a year; the limit that binds: 5.5× EBITDA |
| Buyer's own money | $13.0B | 76% of the cost |
5 years under the buyer
| Year | Revenue | EBITDA | Interest | Free cash flow | Debt left |
|---|---|---|---|---|---|
| Year 1 | $4.0B | $769M | $323M | $163M | $4.1B |
| Year 2 | $4.0B | $775M | $311M | $177M | $3.9B |
| Year 3 | $4.1B | $787M | $297M | $193M | $3.7B |
| Year 4 | $4.2B | $805M | $283M | $213M | $3.5B |
| Year 5 | $4.3B | $829M | $266M | $238M | $3.2B |
The exit and the buyer's return
| Exit | Amount | |
|---|---|---|
| Exit multiple | 16.9× EBITDA | today's trading multiple, before any premium |
| Enterprise value at exit | $14.0B | |
| − Debt left | $3.2B | |
| = Buyer's equity | $10.7B | |
| Money multiple | 0.82× | on $13.0B put in |
| Buyer's yearly return (IRR) | −3.8% |
Price against return
What the buyer makes at other premiums over today's $87.58.
| Premium | Price a share | Buyer's IRR |
|---|---|---|
| 10% | $96.34 | 0.7% |
| 20% | $105.10 | −1.7% |
| 30% | $113.85 | −3.8% |
| 40% | $122.61 | −5.7% |
| 50% | $131.37 | −7.4% |
The figures used
| Figure | Amount | |
|---|---|---|
| Revenue, last 12 months | $4.0B | |
| EBITDA, last 12 months | $769M | 19.1% of revenue |
| Depreciation and amortization | $463M | |
| Capital spending | $282M | |
| Debt | $497M | |
| Cash | $799M | |
| Share price | $87.58 | on Oct 30, 2026 |
Fixed rules, the same as the interactive view's starting point: the shares are bought at today's price plus 30%, the company's debt is refinanced and fees take 2%. New debt is the least of 5.5× EBITDA, 65% of the price and the amount whose interest EBITDA covers 2 times, at 7.65% a year (SOFR 3.89% plus the high-yield B spread 3.26% plus 0.5%, rates of Oct 15, 2026). Revenue grows 0.1% in the first year — the company's own rate, held between −3% and +8% — fading to 3% by year 5; the EBITDA margin, depreciation and capital spending stay at today's share of revenue; working capital takes 10% of each year's added revenue; tax is 12% of profit after interest. Every dollar of free cash flow repays debt. After 5 years the buyer sells at today's multiple of EBITDA.
What a takeover could cost
Takeovers in its sector paid a median premium of 30% over the share price before the deal (the middle half 12% to 31%), according to the 14 merger proxies and tender-offer responses on EDGAR that state a premium. At the median, Skyworks Solutions would cost about $113.85 a share, $17.2B for all its shares.
| Premium | % | Price a share | All shares |
|---|---|---|---|
| Low end (a quarter of deals paid less) | 12% | $98.09 | $14.9B |
| Median | 30% | $113.85 | $17.2B |
| High end (a quarter paid more) | 31% | $114.73 | $17.4B |
The odds, from history
Historically 2.4% of companies with its figures were bought within a year (0.48× the average). Its figures put it in decile 1 of 10 (10 = the most likely to be bought). The odds come from a model of every merger proxy, tender-offer response and going-private statement filed on EDGAR since 2011, set against each company's size, margins, debt, cash flow and growth the year before.
Skyworks Solutions' latest quarter
Skyworks Solutions, Q4 FY26: revenue $1.0B (-5% year over year), operating margin 2.1%, net earnings $23.4M, operating cash flow $33.7M. The chart follows the revenue to costs, profit and cash.
Questions
Is Skyworks Solutions being acquired?
No headline, 8-K or 13D about a sale is on file in the last year.
Could private equity buy Skyworks Solutions?
A leveraged buyout at today's price plus 30% ($113.85 a share) would return a loss of about 4% a year to a private-equity buyer over 5 years; no price, however low, gets a buyer to 20%.
What would a takeover of Skyworks Solutions cost?
Takeovers in its sector paid a median premium of 30% over the share price before the deal (the middle half 12% to 31%), according to the 14 merger proxies and tender-offer responses on EDGAR that state a premium. At the median, Skyworks Solutions would cost about $113.85 a share, $17.2B for all its shares.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.