Financial Performance - Net revenue for the three months ended March 28, 2025, was $953.2 million, a decrease of 8.9% compared to $1,046.0 million for the same period in 2024[9]. - Gross profit for the six months ended March 28, 2025, was $833.5 million, down 10.0% from $926.8 million in the prior year[9]. - Operating income for the three months ended March 28, 2025, was $97.3 million, a decline of 48.6% compared to $189.2 million for the same period in 2024[9]. - Net income for the six months ended March 28, 2025, was $230.7 million, a decrease of 44.3% from $414.6 million in the prior year[12]. - Net income for the three months ended March 28, 2025, was $68.7 million, resulting in a basic earnings per share of $0.43[60]. - Net income for the six months ended March 28, 2025, was $231.3 million, compared to $183.3 million for the same period in 2024, representing a 26.2% increase[29]. Expenses - Research and development expenses increased to $186.5 million for the three months ended March 28, 2025, up 20.8% from $154.4 million in the same period last year[9]. - Total operating expenses increased to 30.9% of net revenue for the three months ended March 28, 2025, compared to 22.1% for the same period in 2024[66]. - Research and development expenses rose to 19.6% of net revenue for the three months ended March 28, 2025, compared to 14.8% for the same period in 2024[66]. - Selling, general, and administrative expenses rose by 14.6% to $88.0 million for the three months ended March 28, 2025, compared to $76.8 million in the prior year, representing 9.2% of net revenue[75]. - The provision for income taxes for the three months ended March 28, 2025, was $33.7 million, significantly higher than $9.6 million for the same period in 2024[9]. - The provision for income taxes increased by 251.0% to $33.7 million for the three months ended March 28, 2025, compared to $9.6 million in the same period last year[81]. Cash and Liquidity - Cash and cash equivalents at the end of the period were $1,387.8 million, an increase from $1,368.6 million at the beginning of the period[16]. - Liquidity, including cash, cash equivalents, and marketable securities, totaled $1,527.7 million as of March 28, 2025, a decrease of $46.4 million from September 27, 2024[89]. - Cash provided by operating activities decreased by $288.6 million to $786.6 million for the six months ended March 28, 2025, compared to $1,075.2 million in the prior year[85]. - The investment portfolio totals approximately $1,387.8 million, with cash and cash equivalents including money market funds, corporate bonds, and U.S. Treasury securities[95]. - The company anticipates that cash generated from operations and available credit will be sufficient to meet short-term and long-term liquidity requirements[91]. Stock Repurchase and Dividends - The company repurchased $500.0 million of common stock under its stock repurchase program during the six months ended March 28, 2025[16]. - The company repurchased common stock amounting to $504.3 million during the three months ended March 28, 2025[29]. - The company declared dividends totaling $112.5 million for the three months ended March 28, 2025, compared to $108.9 million for the same period in 2024, reflecting a 1.7% increase[29]. - A cash dividend of $0.70 per share was declared on May 7, 2025, payable on June 17, 2025, totaling $223.1 million for the fiscal year ended October 3, 2025[57][58]. - The total approximate dollar value of shares that may yet be purchased under the stock repurchase program is $1.5 billion as of March 28, 2025[113]. - The company has a new stock repurchase program approved on February 4, 2025, authorizing the repurchase of up to $2.0 billion of common stock, which will expire on February 3, 2027[113]. Assets and Liabilities - Total assets decreased to $7,885.7 million as of March 28, 2025, down from $8,283.3 million as of September 27, 2024[14]. - Long-term debt remained stable at $995.1 million as of March 28, 2025, compared to $994.3 million as of September 27, 2024[14]. - The carrying amount of total debt under Senior Notes was $995.1 million as of March 28, 2025, compared to $913.7 million as of September 27, 2024, indicating an increase of approximately 8.9%[35]. - Total inventory decreased to $678.3 million as of March 28, 2025, from $784.8 million as of September 27, 2024, representing a reduction of approximately 13.5%[37]. - Total property, plant, and equipment, net was $1,231.7 million as of March 28, 2025, down from $1,280.3 million as of September 27, 2024[38]. Market and Economic Conditions - Revenue from the United States for the six months ended March 28, 2025, was $1,571.0 million, down from $1,764.3 million in the same period of 2024, a decline of 10.9%[29]. - The company derives significant revenues from international customers, primarily in the Asia-Pacific region and Europe[106]. - Recent tariffs announced by the U.S. in April 2025 could negatively impact trade and operating costs[106]. - The company faces risks related to doing business in China, including evolving laws and potential tariffs[109]. - Geopolitical changes in China-Taiwan relations could disrupt operations and negatively affect the semiconductor industry[109]. Legal and Compliance Risks - The company faces potential litigation risks related to warranty claims and product defects, which could adversely affect its operating results and reputation[111]. - The company has been named in a putative class action lawsuit alleging violations of federal securities laws, which could result in significant defense costs and damages[111]. - The company may face challenges in fulfilling contractual obligations, which could lead to lawsuits from customers or third parties[111]. - Investigating product defects may divert resources from other product development efforts, potentially impacting future growth[111]. Accounting and Reporting - The company is currently evaluating the impact of recently issued accounting standards on its consolidated financial statements and related disclosures[25]. - The company has not recorded any liability for indemnities related to product sales and does not expect these obligations to materially impact its financial statements[51]. - The company is subject to a 1% excise tax on net share repurchases under the Inflation Reduction Act, impacting the amount available under the repurchase program[114].

Group 1 - The core point of the article is that Skyworks Solutions Inc. reported second-quarter revenue of $953 million, slightly exceeding analyst expectations of $950.3 million [1]

Revenue and Earnings - Revenue for Q2 Fiscal 2025 was $953 million, a decrease from $1,046 million in Q2 Fiscal 2024, representing a decline of approximately 8.9% year-over-year[3][20] - GAAP diluted earnings per share (EPS) for the quarter were $0.43, down from $1.14 in the same quarter last year, while non-GAAP diluted EPS was $1.24[3][20] - GAAP net income for Q2 2025 was $68.7 million, significantly lower than $183.3 million in Q2 2024, a decrease of 62.5%[21] - Non-GAAP net income for Q2 2025 was $196.8 million, down from $250.7 million in Q2 2024, a reduction of 21.5%[21] - Non-GAAP diluted earnings per share for Q2 2025 was $1.24, compared to $1.55 in Q2 2024, a decrease of 20.0%[21] - GAAP operating income for Q2 2025 was $97.3 million, down from $189.2 million in Q2 2024, a decline of 48.6%[21] - Non-GAAP operating income for Q2 2025 was $222.2 million, compared to $279.1 million in Q2 2024, a decrease of 20.3%[21] Cash Flow and Assets - Operating cash flow for the quarter was $410 million, resulting in an operating cash flow margin of 43%, and free cash flow was $371 million, with a free cash flow margin of 39%[5] - GAAP net cash provided by operating activities for Q2 2025 was $409.5 million, an increase from $300.2 million in Q2 2024, up by 36.4%[21] - Non-GAAP free cash flow for Q2 2025 was $371.0 million, compared to $272.6 million in Q2 2024, an increase of 36.1%[21] - Cash and cash equivalents at the end of the period were $1,387.8 million, a decrease from $1,602.5 million at the beginning of the period, reflecting a net decrease of $214.7 million[35] - Total assets decreased from $8,283.3 million on September 27, 2024, to $7,885.7 million on March 28, 2025, representing a decline of approximately 4.8%[33] Shareholder Returns - The company returned over $600 million to shareholders through share repurchases and dividends, marking the highest quarterly return ever[4] - The board declared a cash dividend of $0.70 per share, payable on June 17, 2025, to stockholders of record on May 27, 2025[10] - Dividends paid increased slightly to $110.6 million for the three months ended March 28, 2025, compared to $109.1 million for the same period last year[35] - The company repurchased $500.0 million in common stock during the six months ended March 28, 2025[35] Research and Development - Research and development expenses increased to $186.5 million from $154.4 million year-over-year, reflecting a focus on innovation and product development[20] Market Performance and Expectations - For Q3 Fiscal 2025, revenue is expected to be between $920 million and $960 million, with non-GAAP diluted EPS projected at $1.24 at the mid-point of the revenue range[8] - The mobile business is anticipated to decline low single digits sequentially, consistent with typical seasonal patterns, while Broad Markets are expected to show sequential growth[9] - The company secured 5G design wins across premium Android smartphones, including flagship models from Samsung Galaxy, Google Pixel, and Oppo[9] - Key design wins were achieved for in-vehicle infotainment systems with major automotive OEMs, enhancing market presence in the automotive sector[9] Profitability Metrics - GAAP gross profit for Q2 2025 was $391.6 million, down from $420.3 million in Q2 2024, representing a decrease of 6.5%[21] - Non-GAAP gross profit for Q2 2025 was $444.7 million, compared to $470.9 million in Q2 2024, a decline of 5.5%[21] - Share-based compensation increased to $62.7 million for the three months ended March 28, 2025, compared to $46.0 million for the same period last year, an increase of approximately 36.5%[35] - Capital expenditures for the three months ended March 28, 2025, were $38.5 million, up from $27.6 million in the same period last year, an increase of approximately 39.8%[35] Accounts Receivable and Liabilities - The company reported a decrease in accounts receivable from $508.8 million on September 27, 2024, to $371.9 million on March 28, 2025, a decline of about 26.9%[33] - Total liabilities remained relatively stable at $1,985.4 million as of March 28, 2025, compared to $1,946.6 million on September 27, 2024[33]

Core Viewpoint - Skyworks Solutions (SWKS) is expected to report a decline in earnings and revenues for the second quarter of fiscal 2025, with earnings projected at $1.20 per share, reflecting a 22.58% decrease year-over-year, and revenues anticipated between $935 million and $965 million, indicating a 9.06% decline from the previous year [1][2]. Group 1: Earnings and Revenue Expectations - The Zacks Consensus Estimate for earnings remains steady at $1.20 per share, with a projected revenue of $951.26 million for the second quarter of fiscal 2025 [1][2]. - The company has consistently beaten earnings estimates in the past four quarters, with an average surprise of 1.46% [2]. Group 2: Factors Influencing Performance - The performance in Q2 is likely to benefit from a diversified portfolio and growth in edge IoT and automotive sectors, with 5G content in new smartphones contributing positively to revenues [3][5]. - There is expected to be strong demand for edge IoT technologies, including Wi-Fi 6e and Wi-Fi 7 systems, leading to a multiyear upgrade cycle due to faster data transfer speeds and lower latency [4]. Group 3: Market Trends and Challenges - The rising adoption of generative AI and 5G technologies is anticipated to drive demand for high-performance RF solutions, positioning Skyworks favorably in the market [5]. - Despite some inventory challenges, long-term growth opportunities are seen in the automotive sector, driven by the increasing complexity of radio solutions in software-defined vehicles and connected cars [6]. - However, mobile revenue is expected to decline by mid-to-high teens sequentially due to historical seasonality, and weakness in industrial and infrastructure sectors is likely to impact top-line growth [7]. Group 4: Earnings ESP and Stock Outlook - Currently, Skyworks has an Earnings ESP of -0.83% and a Zacks Rank of 4 (Sell), indicating lower odds of an earnings beat [8].

Core Viewpoint - A class action securities lawsuit has been filed against Skyworks Solutions, Inc. due to alleged securities fraud that affected investors between August 8, 2023, and February 5, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit aims to recover losses for investors who were misled by the company's statements regarding expected revenue for fiscal year 2025, including claims of confidence in expanding its mobile business and investing in new technologies [2]. - On February 5, 2025, Skyworks reported financial results for Q1 of fiscal year 2025, providing lower-than-expected revenue guidance for Q2, attributing this to an intensified competitive landscape [2]. - Following the announcement, Skyworks' stock price plummeted from $87.08 per share to $65.60 per share on February 6, 2025, marking a decline of over 24% in one day [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until May 5, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require serving as lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Skyworks Solutions, Inc. regarding a class action lawsuit due to alleged misleading statements about the company's expected revenue for fiscal year 2025, leading to a significant drop in stock price after disappointing financial results were announced [1]. Group 1: Allegations and Financial Impact - The allegations state that defendants provided investors with material information about Skyworks' expected revenue, expressing confidence in the company's ability to grow its mobile business and invest in new technologies [1]. - On February 5, 2025, Skyworks announced its first-quarter financial results for fiscal year 2025, revealing lower-than-expected revenue guidance for the second quarter, attributing this to an intensified competitive landscape [1]. - Following the announcement, Skyworks' stock price plummeted from $87.08 per share to $65.60 per share on February 6, 2025, marking a decline of over 24% in just one day [1]. Group 2: Class Action Details - Shareholders who purchased shares of SWKS during the class period from August 8, 2023, to February 5, 2025, are encouraged to register for the class action lawsuit [2]. - The deadline for shareholders to seek lead plaintiff status is May 5, 2025, and there is no cost or obligation to participate in the case [2]. - Registered shareholders will be enrolled in a portfolio monitoring software to receive updates throughout the lifecycle of the case [2]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors who have suffered due to deceit, fraud, and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by false or misleading statements that artificially inflated stock prices [3].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of Skyworks Solutions, Inc. during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - The Class Period for the Skyworks securities is from July 30, 2024, to February 5, 2025, inclusive [1]. - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court by May 5, 2025, to serve as lead plaintiff [2]. Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time [3]. - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013 [3]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering significant amounts for clients [3]. Group 3: Case Allegations - The lawsuit alleges that during the Class Period, Skyworks' management provided misleading information regarding the company's expected revenue and growth potential, particularly in relation to its mobile business and technology investments [4]. - It is claimed that the management oversold the company's relationship with Apple, its largest customer, and its ability to leverage AI in the smartphone upgrade cycle [4]. - The lawsuit asserts that when the true state of affairs became known, investors suffered damages due to the misleading statements made by the defendants [4].

Core Viewpoint - A class action securities lawsuit has been filed against Skyworks Solutions, Inc. due to alleged securities fraud that affected investors between August 8, 2023, and February 5, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit aims to recover losses for investors who were misled by the company's statements regarding expected revenue for fiscal year 2025, including claims of confidence in expanding its mobile business and investing in new technologies [2]. - On February 5, 2025, Skyworks reported financial results for Q1 of fiscal year 2025, providing lower-than-expected revenue guidance for Q2, attributing this to an intensified competitive landscape [2]. - Following the announcement, Skyworks' stock price plummeted from $87.08 per share to $65.60 per share, marking a decline of over 24% in one day [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until May 5, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without incurring any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of Skyworks Solutions, Inc. during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - The class action lawsuit pertains to securities purchased between July 30, 2024, and February 5, 2025, with a lead plaintiff deadline set for May 5, 2025 [1][2]. - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. Group 2: Legal Representation - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions, highlighting their own success and recognition in this field [3]. - The firm has achieved significant settlements for investors, including over $438 million in 2019 alone, and has been consistently ranked among the top firms for securities class action settlements [3]. Group 3: Case Allegations - The lawsuit alleges that during the Class Period, Skyworks' management provided misleading information regarding the company's expected revenue and growth potential, particularly concerning its relationship with Apple and its ability to leverage AI in the smartphone market [4]. - It is claimed that the defendants concealed material adverse facts about Skyworks' client base, leading to investor damages when the true information became public [4].

Core Viewpoint - The Skyworks class action lawsuit alleges that Skyworks Solutions, Inc. and certain executives made misleading statements regarding the company's revenue outlook and growth potential, leading to significant stock price declines following disappointing financial results [1][4][5]. Group 1: Lawsuit Details - The lawsuit is titled Nunez v. Skyworks Solutions, Inc. and seeks to represent purchasers of Skyworks securities, alleging violations of the Securities Exchange Act of 1934 [1]. - A second complaint, Tsvetkov v. Skyworks Solutions, Inc., has also been filed [1]. - The lawsuit claims that Skyworks misrepresented its revenue outlook and growth potential, particularly relying on its partnership with a major customer [4]. Group 2: Financial Performance - On February 5, 2025, Skyworks reported first-quarter financial results for fiscal year 2025 and provided lower-than-expected revenue guidance for the second quarter, citing an intensified competitive landscape [5]. - Following this announcement, Skyworks' stock price fell by more than 24% [5]. Group 3: Legal Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Skyworks securities during the class period to seek appointment as lead plaintiff in the lawsuit [6]. - The lead plaintiff represents the interests of all class members and can select a law firm for litigation [6]. Group 4: Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud cases, having recovered $6.6 billion for investors in class action cases [7]. - The firm has been ranked 1 in securing monetary relief for investors in six out of the last ten years [7].