Skyworks Solutions, Inc. (NASDAQ:SWKS) JPMorgan 21st Annual Tech/Auto Forum Conference January 5, 2023 2:05 PM ET Company Participants Carlos Bori - Senior Vice President of Sales and Marketing Mitch Haws - Vice President of Investor Relations Conference Call Participants Harlan Sur - JPMorgan Harlan Sur All right. Let's go ahead and get started. Good morning, and thank you for attending JPMorgan's 21st Annual CES Semiconductor, Technology and Automotive Conference. My name is Harlan Sur. I'm the semiconduc ...

Summary of Skyworks Solutions, Inc. Conference Call Company Overview - **Company**: Skyworks Solutions, Inc. (NASDAQ:SWKS) - **Event**: Barclays Global Technology, Media and Telecommunications Conference - **Date**: December 7, 2022 Key Industry Insights - **Handset Market**: The overall handset market is experiencing volatility, particularly in the Android segment, with significant inventory adjustments noted in Chinese vendors [2][5][8] - **5G Technology**: The company emphasizes viewing 5G as a technology rather than just a product, with potential applications in various sectors including automotive and IoT [9][30] - **Market Growth**: Despite challenges, there is optimism about growth opportunities in mobile and IoT markets, with a focus on diversifying technology applications [3][48] Core Company Strategies - **Diversification**: Skyworks has become more diversified, particularly after acquiring the I&A business, which has been performing well and is expected to contribute significantly to revenue [3][32][33] - **Bulk Acoustic Wave (BAW) Technology**: The company has invested heavily in BAW technology, which is crucial for expanding into new markets and enhancing product offerings [12][13][19] - **Supply Chain Management**: Skyworks maintains a vertically integrated supply chain, producing 75% of its products in-house, which allows for better control over inventory and production [22][23] Financial Performance - **Revenue Growth**: The company reported record revenue in the I&A business, attributed to improved supply chain management and leveraging existing customer relationships [37][39] - **Capital Expenditures**: Heavy CapEx investments for BAW technology are expected to pay off, with a shift towards improved cash flow as the company moves past initial investment burdens [19][45] Competitive Landscape - **Market Position**: Skyworks anticipates a tighter competitive landscape with a few key players driving the market, including Qualcomm [29][30] - **Android Market Dynamics**: The company has de-risked its exposure to the Android market, particularly in China, while still identifying opportunities with other Android customers like Samsung and Google [8][9][17] Future Outlook - **Automotive and IoT Markets**: Skyworks is targeting significant revenue growth in the automotive sector, projecting $200-$250 million in revenue within the next 12 months, driven by advancements in EV and ADAS technologies [48] - **WiFi Technology**: The transition to WiFi 6E is expected to create new opportunities, particularly in consumer electronics and streaming services [49][50] Additional Considerations - **M&A Strategy**: The company is open to future M&A opportunities, particularly those that align with its diversification strategy, as demonstrated by the successful integration of the I&A business [46][41] - **Investor Communication**: Skyworks acknowledges the need for better communication regarding its valuation and growth potential, particularly in light of market perceptions of the mobile sector [42][45]

Summary of Skyworks Solutions, Inc. Conference Call Company Overview - **Company**: Skyworks Solutions, Inc. (NASDAQ:SWKS) - **Event**: Goldman Sachs Communacopia + Technology Conference 2022 - **Date**: September 13, 2022 - **Participants**: Liam Griffin (Chairman, CEO, and President), Toshiya Hari (Goldman Sachs) Key Industry Insights - **Market Volatility**: The semiconductor industry is experiencing volatility, but Skyworks is seeing strong opportunities in its core businesses [2][4] - **Customer Base Expansion**: The breadth of the customer set has never been wider, with significant technology growth opportunities with larger customers [4][5] - **Mobile and Broad Market Growth**: Both mobile and broad market segments are positioned for growth, with mobile technology investments expected to yield results in the coming year [5][6] Financial Performance - **Revenue Guidance**: Skyworks guided revenue growth in the mid-teens for September, with expectations for December driven by seasonality [3][4] - **Margins**: Operating margins are around 40%, EBITDA margins between 40% to 42%, and gross margins slightly above 50% [6][58] - **Revenue Breakdown**: Broad market business accounts for approximately 40% of total revenue, equating to about $2 billion [13][32] Technology and Product Development - **Bulk Acoustic Wave Technology**: Significant advancements in bulk acoustic wave (BAW) technology, which is crucial for high-end smartphones and other applications [24][26] - **Investment in R&D**: Continued investment in research and development, particularly in unique solutions tailored to customer needs [22][40] Customer Relationships and Market Dynamics - **Key Customers**: Strong relationships with major customers like Google and Samsung, focusing on high-performance solutions rather than cost-cutting [10][20] - **China Market Dynamics**: The Chinese market has seen declines, but Skyworks has strategically reduced exposure to lower-performing customers while focusing on high-end players [15][19] Future Outlook - **Automotive Sector Growth**: The automotive segment is expected to be a significant growth driver, with current revenues in the hundreds of millions and potential for rapid expansion [41][43] - **WiFi Market Position**: Despite concerns about overexposure to the consumer WiFi market, demand remains strong for various WiFi technologies [48][50] - **Supply Chain Management**: Skyworks has navigated supply chain challenges better than many competitors, with 75% to 80% of products manufactured in-house [52][54] Strategic Initiatives - **M&A Opportunities**: The company is open to pursuing mergers and acquisitions, particularly in light of favorable valuations in the current market [63][66] - **Capital Allocation**: Focus on balancing shareholder returns through buybacks and dividends while investing in organic growth and potential acquisitions [62][64] Conclusion - **Growth Potential**: Skyworks has demonstrated strong revenue growth from $3.1 billion during the COVID period to approximately $5.5 billion, indicating robust business potential [72] - **Market Position**: The company is well-positioned with unique technical assets and a strong customer base, aiming to enhance its valuation in the coming years [72]

Skyworks Solutions, Inc. (NASDAQ:SWKS) Q3 2022 Earnings Conference Call August 4, 2022 4:30 PM ET Company Participants Mitch Haws – Investor Relations Liam Griffin – Chairman, Chief Executive Officer and President Kris Sennesael – Chief Financial Officer Conference Call Participants Raji Gill – Needham & Company Gary Mobley – Wells Fargo Securities Vivek Arya – Bank of America Securities Harsh Kumar – Piper Jaffray Blayne Curtis – Barclays Ambrish Srivastava – BMO Edward Snyder – Charter Equity Research Sr ...

Summary of Skyworks Solutions, Inc. Conference Call Company Overview - **Company**: Skyworks Solutions, Inc. (NASDAQ: SWKS) - **Event**: Bank of America 2022 Global Technology Conference - **Date**: June 9, 2022 - **Participants**: Liam Griffin (CEO), Vivek Arya (Bank of America) Key Industry Insights - **Market Volatility**: The equity markets are experiencing significant volatility, but there is ongoing advancement in technology and connectivity [3][4] - **5G Demand**: The 5G cycle is still in its early stages, with significant potential for growth in emerging markets and applications beyond mobile phones, such as factory automation and automotive [7][8] - **China Market Dynamics**: The Chinese market is evolving, with a shift from Huawei to mid-tier brands like Oppo, Vivo, and Xiaomi. There is an increasing demand for high-end U.S. brands in China [13][14] Financial Performance - **Revenue Growth**: Skyworks reported revenues of $3.3 billion in 2019, which increased to $5.1 billion in 2020. The company is on a run rate to exceed $5.5 billion [10][50] - **Free Cash Flow**: The company maintains a strong balance sheet and generates substantial free cash flow, with EBITDA projected to be between $2.4 billion and $2.5 billion for the year [58] Technology and Product Development - **Investment in Technology**: Skyworks has invested heavily in core technologies, including bulk acoustic wave (BAW) and gallium arsenide, which are critical for advanced connectivity solutions [3][4][63] - **Content Growth**: The company anticipates a content growth trajectory of approximately 10% year-over-year, with opportunities to increase content in existing devices [32] - **Wi-Fi Market**: There is a growing demand for high-end Wi-Fi technologies, with Wi-Fi 6 and 6E expected to drive significant growth [30][56] Strategic Initiatives - **Acquisition of Silicon Labs**: The acquisition is yielding positive results, opening new revenue streams and enhancing customer relationships [11][53] - **Focus on Customer Needs**: Skyworks emphasizes creating tailored solutions for customers, ensuring that their products meet specific application requirements [4][10] Challenges and Risks - **Supply Chain Issues**: Ongoing supply chain challenges are affecting smaller players in the market, while larger players are better positioned to navigate these issues [17][21] - **Inventory Concerns**: There are concerns about excess RF component inventory among Chinese smartphone makers, which could impact seasonal demand [16][20] Market Position and Competitive Landscape - **Competitive Threats**: While competitors like Qualcomm have strong positions in modems, Skyworks believes it can continue to grow and execute effectively without being impeded by competition [49][50] - **Differentiation**: Skyworks differentiates itself through its extensive manufacturing capabilities and investment in proprietary technologies, which are critical for meeting the demands of advanced applications [60][63] Conclusion Skyworks Solutions, Inc. is well-positioned for growth in the evolving technology landscape, particularly in the 5G and Wi-Fi markets. The company’s strong financial performance, strategic investments, and focus on customer needs provide a solid foundation for future success, despite facing challenges in supply chain management and market volatility.

Skyworks Solutions, Inc. (NASDAQ:SWKS) Q2 2022 Earnings Conference Call May 3, 2022 4:30 PM ET Company Participants Mitch Haws - Investor Relations Liam Griffin - Chairman, Chief Executive Officer and President Kris Sennesael - Chief Financial Officer Conference Call Participants Timothy Arcuri - UBS Chris Caso - Raymond James Blayne Curtis - Barclays Ambrish Srivastava - BMO Matt Ramsay - Cowen Edward Snyder - Charter Equity Research Gary Mobley - Wells Fargo Harsh Kumar - Piper Sandler Operator Good after ...