Core Viewpoint - Skyworks reported a revenue of $965 million for FY25Q3, reflecting a year-over-year increase of 6% and a quarter-over-quarter increase of 1%, exceeding guidance [2][11] - The company maintained a strong free cash flow of $253 million, representing 26% of revenue, supported by inventory optimization and effective working capital management [2][11] Financial Performance - FY25Q3 revenue reached $965 million, with a Non-GAAP gross margin of 47.1%, up 1 percentage point year-over-year and 0.5 percentage points quarter-over-quarter, driven by product mix optimization and cost control [2][11] - Non-GAAP net income was $200 million, a 3% increase year-over-year and a 2% increase quarter-over-quarter, with Non-GAAP EPS at $1.33, up 10% year-over-year and 7% quarter-over-quarter [2][11] Business Segments - Mobile business accounted for 62% of revenue, with a year-over-year growth of 8% and a quarter-over-quarter growth of 1%, driven by strong performance from the largest customer and new Android product launches [3][12] - Non-mobile business represented 38% of revenue, achieving a 5% year-over-year and 2% quarter-over-quarter growth, marking six consecutive quarters of growth, primarily from edge IoT and automotive sectors [3][13] Future Outlook - For FY25Q4, the company expects revenue to be between $1 billion and $1.03 billion, with a midpoint reflecting a year-over-year decrease of 1% and a quarter-over-quarter increase of 5% [4][15] - Gross margin is anticipated to remain stable at 47%, benefiting from a stable product mix and cost control measures [4][15] Strategic Initiatives - The company plans to close the Woburn manufacturing facility to consolidate capacity at Newbury Park, aiming to enhance wafer fab utilization and reduce fixed costs [14][26] - Skyworks returned $430 million to shareholders in FY25Q3, including $104 million in dividends and $330 million in stock buybacks, with over $1 billion returned in the past two quarters [14]

Skyworks Solutions, Inc. (NASDAQ:SWKS) KeyBanc Technology Leadership Forum Conference August 12, 2025 5:00 PM ET Company Participants Philip Gordon Brace - CEO, President & Director Conference Call Participants John Nguyen Vinh - KeyBanc Capital Markets Inc., Research Division John Nguyen Vinh Great. Well, good afternoon, everybody. Thanks for joining us. We're pleased to have Skyworks join us this afternoon, and we're happy to have Phil Brace, recently appointed CEO with us. Welcome, Phil. Philip Gordon Br ...

Summary of Skyworks Solutions (SWKS) Conference Call - August 12, 2025 Company Overview - **Company**: Skyworks Solutions (SWKS) - **New CEO**: Phil Brace, appointed six months prior to the call Key Points and Arguments Company Strengths and Opportunities - **Engineering Talent**: The company possesses a strong team of RF engineers, providing a solid foundation for future growth [3] - **Technological Expertise**: Skyworks has deep technological expertise across various products and platforms, which is a competitive advantage [3] Strategic Focus - **Customer and Product Diversification**: The company aims to diversify its customer base and product offerings, moving beyond a heavy reliance on mobile [4][5] - **Non-Mobile Business Growth**: The non-mobile segment is valued at approximately $1 billion, with higher corporate margins and growth potential driven by WiFi, automotive, and industrial IoT [7][8] Market Dynamics - **Mobile Market Strength**: The mobile segment has shown stronger-than-expected performance, with low channel inventories and high demand for iPhone 16 [10][12] - **Content Losses**: Anticipated content losses in the next generation of products are estimated at 20% to 25%, but recent performance has exceeded expectations [15][16] Competitive Landscape - **Market Competition**: The market is highly competitive, requiring continuous execution and innovation to maintain and grow market share [7][20] - **Tailwinds for Growth**: Key growth drivers include a large installed base of over a billion units from the largest customer, increased complexity in RF technology, and a shift towards internal modems [16][19] M&A Strategy - **Focus on Diversification**: The company recognizes the need for diversification to mitigate risks associated with customer concentration in the mobile space [30] - **Accretive Acquisitions**: Future M&A will focus on technology-adjacent opportunities that can dampen volatility and enhance growth [31][32] Operational Efficiency - **Cost Management**: Steps are being taken to consolidate operations and improve fixed cost leverage, which will benefit both gross margins and operational expenses [56][59] - **Investment in Engineering**: The company plans to invest in key engineering talent while managing operational costs effectively [56][58] Future Outlook - **WiFi 7 and 8**: The company is in the early stages of WiFi 7 adoption and is already investing in WiFi 8, expected to generate significant revenue by 2028-2029 [52][54] - **Android Business Growth**: The Android segment is projected to grow, driven by strong performance from key customers like Pixel [36][38] Conclusion - **Positive Market Position**: Skyworks Solutions is well-positioned to leverage its engineering talent and technological expertise to navigate a competitive landscape and capitalize on growth opportunities in both mobile and non-mobile markets [3][7][20]

Core Insights - Skyworks Solutions (SWKS) reported third-quarter fiscal 2025 non-GAAP earnings of $1.33 per share, exceeding the Zacks Consensus Estimate by 7.26% and reflecting a year-over-year increase of 9.9% [1][7] - Revenues reached $965 million, marking a 6.6% year-over-year growth and surpassing the consensus estimate by 2.66% [1][7] - Skyworks shares rose by 4.98% in pre-market trading, although they have declined 16.2% year to date, underperforming the broader Zacks Computer and Technology sector's return of 11.8% [1] Revenue Breakdown - Mobile revenues accounted for nearly 62% of total revenues, increasing by 1% sequentially and 8% year over year, driven by strong sell-through at the company's top customer and new Android product launches [2] - The largest customer contributed approximately 63% of revenues in the reported quarter [2] - Broad Markets, which includes edge IoT, automotive, industrial, infrastructure, and cloud, grew 2% sequentially and 5% year over year [2] Operating Performance - Non-GAAP gross margin expanded by 110 basis points year over year to 46.5%, benefiting from product mix and cost discipline [3] - Research & development expenses as a percentage of revenues increased by 290 basis points year over year to 20.7% [3] - Selling, general, and administrative expenses rose by 140 basis points to 9.3% in the reported quarter [3] - Non-GAAP operating margin contracted by 90 basis points year over year to 23.3% [4] Financial Position - As of June 27, 2025, cash & cash equivalents and marketable securities totaled $1.34 billion, down from $1.53 billion as of March 28 [5] - Long-term debt was $995.4 million, showing a slight sequential increase [5] - Cash generated by operating activities was $314.1 million, compared to $409 million in the prior quarter, with free cash flow at $252.7 million and a free cash flow margin of 26.2% [5] Shareholder Returns - Skyworks paid dividends totaling $104 million in the reported quarter and raised the dividend payout by 1% to 71 cents per share, payable on September 16 [6] - The company repurchased shares worth $330 million during the quarter [6] Future Guidance - For the fourth quarter of fiscal 2025, Skyworks expects revenues between $1 billion and $1.03 billion, with mid-single-digit sequential growth in Mobile [8] - Broad Markets is anticipated to grow again, with year-over-year trends accelerating and continued strength in bookings, backlog, and channel sell-through [8] - Gross margin is projected to be approximately 47%, with operating expenses expected between $235 million and $245 million [8] - Non-GAAP earnings per share are expected to be $1.40 at the midpoint of the revenue range [9]

Financial Data and Key Metrics Changes - The company reported revenue of $965 million, exceeding the high end of guidance, with earnings per share of $1.33 and free cash flow of $253 million [5][14][17] - Gross profit was $454 million, resulting in gross margins of 47.1%, which was above expectations due to product mix and cost discipline [14][15] - Operating income reached $224 million, translating to an operating margin of 23.3% [15][16] - The effective tax rate was 11.2%, leading to a net income of $200 million [16] Business Line Data and Key Metrics Changes - Mobile revenue accounted for 62% of total revenue, up 1% sequentially and 8% year over year, driven by strong sell-through at the top customer and new Android product launches [14] - Broad markets, including Edge IoT, automotive, industrial, infrastructure, and cloud, grew 2% sequentially and 5% year over year, marking the sixth consecutive quarter of growth [14][10] Market Data and Key Metrics Changes - The automotive business is tracking around $60 million per quarter, significantly up year over year, with new programs secured with major OEMs [67] - The company noted that inventory levels are low, indicating a healthy demand environment across both mobile and non-mobile segments [70] Company Strategy and Development Direction - The company is focusing on long-term RF content growth driven by internal modem adoption, higher RF complexity with AI features, and a larger addressable footprint within smartphones [6][8] - A planned closure of the Woburn manufacturing facility aims to optimize manufacturing footprint, drive higher fab utilization, and improve overall efficiency [10][11] - The company is committed to maintaining a disciplined approach to operating expenses while investing in R&D initiatives [18][72] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in strong demand signals and healthy sell-through, particularly in mobile, while actively monitoring inventory levels [5][6] - The company anticipates revenue for the next quarter to range between $1 billion to $1.03 billion, with expectations of mid-single-digit sequential growth in mobile [18] - Management highlighted the importance of diversification beyond the handset market to mitigate risks associated with customer concentration [44] Other Important Information - The company returned $430 million to shareholders during the quarter, including $104 million in dividends and $330 million in share repurchases [17] - The company ended the quarter with $1.3 billion in cash and investments, maintaining a strong balance sheet [17] Q&A Session Summary Question: Changes in handset business over the last ninety days - Management noted strong demand for products, particularly from the largest customer, which reflects in their results and guidance [22][23] Question: December seasonality and impact of the extra week - Management indicated solid demand across mobile and non-mobile, with low inventories, making it difficult to predict December seasonality [24][25][26] Question: Internal modem impact on blended content - Management acknowledged that more content is available with the internal modem, but the overall impact will depend on customer shipping decisions [30][34] Question: Automotive business size and growth potential - The automotive business is currently around $60 million per quarter and is expected to grow significantly due to long design cycles and new programs [67] Question: Operating expenses outlook - Management emphasized a disciplined approach to operating expenses, with modest increases targeted at core R&D initiatives [72] Question: Infrastructure networking cloud segment performance - Management confirmed that inventory issues in the infrastructure segment appear to be resolved, with demand aligning with consumption [77]

Financial Data and Key Metrics Changes - Skyworks reported revenue of $965 million, exceeding the high end of guidance, with earnings per share of $1.33 and free cash flow of $253 million [6][14][17] - Gross profit was $454 million, resulting in gross margins of 47.1%, which is above expectations due to product mix and cost discipline [15][16] - Operating income reached $224 million, translating to an operating margin of 23.3% [16] - The company returned $430 million to shareholders through dividends and share repurchases during the quarter [6][17] Business Line Data and Key Metrics Changes - Mobile revenue accounted for 62% of total revenue, up 1% sequentially and 8% year over year, driven by strong sell-through at the top customer and new Android product launches [15] - Broad markets, including Edge IoT, automotive, and infrastructure, grew 2% sequentially and 5% year over year, marking the sixth consecutive quarter of growth [15][11] Market Data and Key Metrics Changes - The automotive segment is now tracking around $60 million per quarter, significantly up year over year, with new programs secured with major OEMs [67] - Demand in traditional data center and infrastructure is rebounding as inventory normalizes, with accelerating AI workloads driving upgrades [11] Company Strategy and Development Direction - The company is focusing on optimizing its manufacturing footprint by closing the Woburn facility and consolidating operations into Newbury Park to drive higher utilization and lower costs [12][46] - Skyworks aims to expand its RF content growth through internal modem adoption and higher RF complexity with AI features [7][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in strong demand signals and healthy sell-through, while maintaining a disciplined approach to inventory [6][7] - The company expects revenue for the next quarter to range between $1 billion to $1.03 billion, with continued growth in both mobile and broad markets [18] Other Important Information - The company ended the quarter with $1.3 billion in cash and investments and $1 billion in debt, maintaining a strong balance sheet [17] - The effective tax rate was reported at 11.2%, contributing to a net income of $200 million [16] Q&A Session Summary Question: Changes in the handset business landscape - Management noted strong demand for products and positive unit demand, reflecting in results and guidance [22][23] Question: December seasonality and extra week impact - Management indicated solid demand across mobile and non-mobile sectors, with low inventories [24][26] Question: Internal modem content increase - Management acknowledged more content available with internal modems, but emphasized variability based on customer shipments [30][34] Question: Android revenue growth - Android revenue was reported to be up significantly, primarily due to ramping with Google [37] Question: Automotive business size and growth potential - Automotive business is currently around $60 million per quarter, with expectations for continued acceleration [67] Question: OpEx growth and flexibility - Management indicated a disciplined approach to OpEx, with modest increases targeted at core R&D [72][73]

PART I. FINANCIAL INFORMATION [ITEM 1: FINANCIAL STATEMENTS (UNAUDITED)](index=3&type=section&id=ITEM%201%3A%20FINANCIAL%20STATEMENTS%20(UNAUDITED)) This section presents the unaudited consolidated financial statements for Skyworks Solutions, Inc, including statements of operations, comprehensive income, balance sheets, cash flows, and stockholders' equity, along with detailed notes [CONSOLIDATED STATEMENTS OF OPERATIONS](index=3&type=section&id=CONSOLIDATED%20STATEMENTS%20OF%20OPERATIONS) The company reported a decrease in net income for both the three and nine months ended June 27, 2025, compared to the prior year, despite a slight increase in net revenue for the three-month period | Metric | Three Months Ended June 27, 2025 (Millions) | Three Months Ended June 28, 2024 (Millions) | Nine Months Ended June 27, 2025 (Millions) | Nine Months Ended June 28, 2024 (Millions) | | :----- | :------------------------------------------ | :------------------------------------------ | :----------------------------------------- | :----------------------------------------- | | Net Revenue | $965.0 | $905.5 | $2,986.7 | $3,153.0 | | Gross Profit | $401.0 | $364.1 | $1,234.6 | $1,291.0 | | Operating Income | $110.6 | $130.4 | $389.0 | $578.0 | | Net Income | $105.0 | $120.9 | $335.7 | $535.5 | | Basic EPS | $0.70 | $0.75 | $2.15 | $3.34 | | Diluted EPS | $0.70 | $0.75 | $2.14 | $3.32 | - Net revenue increased by **6.6%** for the three months ended June 27, 2025, but decreased by **5.3%** for the nine months ended June 27, 2025, compared to the prior year periods[9](index=9&type=chunk) - Operating income decreased by **15.2%** for the three months and **32.7%** for the nine months ended June 27, 2025, year-over-year[9](index=9&type=chunk) [CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME](index=4&type=section&id=CONSOLIDATED%20STATEMENTS%20OF%20COMPREHENSIVE%20INCOME) Comprehensive income for the three and nine months ended June 27, 2025, was $105.0 million and $335.6 million, respectively, showing a decrease compared to the prior year periods | Metric | Three Months Ended June 27, 2025 (Millions) | Three Months Ended June 28, 2024 (Millions) | Nine Months Ended June 27, 2025 (Millions) | Nine Months Ended June 28, 2024 (Millions) | | :----- | :------------------------------------------ | :------------------------------------------ | :----------------------------------------- | :----------------------------------------- | | Net Income | $105.0 | $120.9 | $335.7 | $535.5 | | Comprehensive Income | $105.0 | $120.9 | $335.6 | $535.4 | - Other comprehensive loss, net of tax, was minimal for both periods, with a slight loss of **$0.1 million** for the nine months ended June 27, 2025, related to fair value of investments[12](index=12&type=chunk) [CONSOLIDATED BALANCE SHEETS](index=5&type=section&id=CONSOLIDATED%20BALANCE%20SHEETS) As of June 27, 2025, total assets decreased to $7,714.6 million from $8,283.3 million at September 27, 2024, primarily due to reductions in cash, marketable securities, and receivables | Metric | As of June 27, 2025 (Millions) | As of September 27, 2024 (Millions) | | :----- | :------------------------------- | :---------------------------------- | | Total Assets | $7,714.6 | $8,283.3 | | Total Liabilities | $2,062.1 | $1,946.6 | | Total Stockholders' Equity | $5,652.5 | $6,336.7 | | Cash and Cash Equivalents | $1,185.9 | $1,368.6 | | Marketable Securities (Current) | $132.0 | $194.1 | | Current Portion of Long-Term Debt | $499.2 | $0.0 | - Current assets decreased from **$3,341.0 million to $2,876.4 million**, largely due to decreases in cash, marketable securities, receivables, and inventory[14](index=14&type=chunk) - Total current liabilities significantly increased from **$602.7 million to $1,205.0 million**, primarily due to the current portion of long-term debt[14](index=14&type=chunk) [CONSOLIDATED STATEMENTS OF CASH FLOWS](index=6&type=section&id=CONSOLIDATED%20STATEMENTS%20OF%20CASH%20FLOWS) For the nine months ended June 27, 2025, net cash provided by operating activities decreased, while net cash used in investing and financing activities increased significantly | Metric | Nine Months Ended June 27, 2025 (Millions) | Nine Months Ended June 28, 2024 (Millions) | | :----- | :----------------------------------------- | :----------------------------------------- | | Net Cash Provided by Operating Activities | $1,100.8 | $1,348.6 | | Net Cash Used in Investing Activities | $(102.9) | $(84.5) | | Net Cash Used in Financing Activities | $(1,180.6) | $(719.5) | | Net (Decrease) Increase in Cash and Cash Equivalents | $(182.7) | $544.6 | | Cash and Cash Equivalents at End of Period | $1,185.9 | $1,263.4 | - The decrease in operating cash flow was primarily due to **lower net income** and a smaller decrease in working capital[88](index=88&type=chunk) - Cash used in financing activities increased substantially due to a **$752.9 million increase in share repurchases**, partially offset by a $300.0 million decrease in debt repayments[90](index=90&type=chunk) [CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY](index=7&type=section&id=CONSOLIDATED%20STATEMENTS%20OF%20STOCKHOLDERS'%20EQUITY) Stockholders' equity decreased from $6,336.7 million to $5,652.5 million, primarily due to significant common stock repurchases and dividend declarations | Metric | As of September 27, 2024 (Millions) | As of June 27, 2025 (Millions) | | :----- | :---------------------------------- | :------------------------------- | | Total Stockholders' Equity | $6,336.7 | $5,652.5 | | Retained Earnings | $6,032.9 | $5,621.1 | | Common Stock Shares Outstanding | 159.9 | 148.4 | - The company repurchased **12.6 million shares for $837.7 million** during the nine months ended June 27, 2025[55](index=55&type=chunk) - Dividends declared totaled **$327.0 million** for the nine months ended June 27, 2025[58](index=58&type=chunk) [NOTES TO CONSOLIDATED FINANCIAL STATEMENTS](index=8&type=section&id=NOTES%20TO%20CONSOLIDATED%20FINANCIAL%20STATEMENTS) This section provides detailed notes covering accounting policies, revenue recognition, fair value measurements, and other key financial statement components [1. DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION](index=8&type=section&id=1.%20DESCRIPTION%20OF%20BUSINESS%20AND%20BASIS%20OF%20PRESENTATION) Skyworks Solutions, Inc is a leading developer of analog and mixed-signal semiconductor products for diverse applications - Skyworks develops, manufactures, and provides analog and mixed-signal semiconductor products for applications including aerospace, automotive, broadband, cellular infrastructure, connected home, defense, entertainment and gaming, industrial, medical, smartphone, tablet, and wearables[20](index=20&type=chunk) - The fiscal year ending October 3, 2025 (fiscal 2025) consists of **53 weeks**, while the prior fiscal year (2024) had 52 weeks[23](index=23&type=chunk) - The company is currently evaluating the impact of recently issued FASB ASUs on its consolidated financial statements and related disclosures[24](index=24&type=chunk)[25](index=25&type=chunk)[26](index=26&type=chunk) [2. REVENUE RECOGNITION](index=9&type=section&id=2.%20REVENUE%20RECOGNITION) Net revenue increased for the three-month period driven by mobile and Wi-Fi products but decreased over nine months due to lower mobile demand | Geographic Area | Three Months Ended June 27, 2025 (Millions) | Three Months Ended June 28, 2024 (Millions) | Nine Months Ended June 27, 2025 (Millions) | Nine Months Ended June 28, 2024 (Millions) | | :-------------- | :------------------------------------------ | :------------------------------------------ | :----------------------------------------- | :----------------------------------------- | | United States | $724.7 | $658.5 | $2,295.5 | $2,422.8 | | Taiwan | $75.8 | $80.7 | $195.6 | $226.1 | | China | $64.6 | $75.9 | $193.7 | $232.7 | | South Korea | $45.5 | $52.9 | $140.0 | $158.1 | | Europe, Middle East, and Africa | $44.4 | $31.3 | $133.1 | $87.6 | | Other Asia-Pacific | $10.0 | $6.2 | $28.8 | $25.7 | | Total Net Revenue | $965.0 | $905.5 | $2,986.7 | $3,153.0 | - Net revenue from distributors increased for the three-month period but decreased for the nine-month period, while direct customer revenue showed a similar trend[28](index=28&type=chunk) - The company expects revenues to be **negatively impacted** by a decrease in market share at a significant customer starting in the fourth quarter of fiscal 2025[68](index=68&type=chunk) [3. MARKETABLE SECURITIES](index=9&type=section&id=3.%20MARKETABLE%20SECURITIES) The company's marketable securities portfolio, primarily available-for-sale, decreased from September 27, 2024, to June 27, 2025 | Security Type | Current (June 27, 2025, Millions) | Current (September 27, 2024, Millions) | Noncurrent (June 27, 2025, Millions) | Noncurrent (September 27, 2024, Millions) | | :------------ | :---------------------------------- | :--------------------------------------- | :------------------------------------- | :------------------------------------------ | | U.S. Treasury and government securities | $53.1 | $39.0 | $18.8 | $11.1 | | Corporate bonds and notes | $78.6 | $155.0 | $0.0 | $0.3 | | Municipal bonds | $0.3 | $0.1 | $0.0 | $0.0 | | Total Marketable Securities | $132.0 | $194.1 | $18.8 | $11.4 | - Contractual maturities of noncurrent available-for-sale marketable securities were within **two years or less** of issuance[29](index=29&type=chunk) [4. FAIR VALUE](index=10&type=section&id=4.%20FAIR%20VALUE) Total assets at fair value were $1,336.7 million, primarily in Level 1 cash, while the fair value of debt was lower than its carrying amount | Asset Type | Total Fair Value (June 27, 2025, Millions) | Level 1 (June 27, 2025, Millions) | Level 2 (June 27, 2025, Millions) | | :--------- | :----------------------------------------- | :-------------------------------- | :-------------------------------- | | Cash and cash equivalents | $1,185.9 | $1,127.7 | $58.2 | | U.S. Treasury and government securities | $71.9 | $51.9 | $20.0 | | Corporate bonds and notes | $78.6 | $0.0 | $78.6 | | Municipal bonds | $0.3 | $0.0 | $0.3 | | Total assets at fair value | $1,336.7 | $1,179.6 | $157.1 | | Debt Type | Carrying Amount (June 27, 2025, Millions) | Estimated Fair Value (June 27, 2025, Millions) | | :-------- | :---------------------------------------- | :--------------------------------------------- | | 1.80% Senior Notes due 2026 | $499.2 | $486.4 | | 3.00% Senior Notes due 2031 | $496.2 | $439.4 | | Total debt under Senior Notes | $995.4 | $925.8 | - **No impairment indicators** were identified for non-financial assets during the three and nine months ended June 27, 2025, compared to $16.8 million in impairment charges in the prior nine-month period[31](index=31&type=chunk) [5. INVENTORY](index=11&type=section&id=5.%20INVENTORY) Total inventory decreased from $784.8 million to $706.5 million, primarily driven by a reduction in finished goods and work-in-process inventory | Inventory Component | As of June 27, 2025 (Millions) | As of September 27, 2024 (Millions) | | :------------------ | :------------------------------- | :---------------------------------- | | Raw materials | $37.2 | $30.3 | | Work-in-process | $504.8 | $520.5 | | Finished goods | $164.5 | $234.0 | | Total inventory | $706.5 | $784.8 | - Finished goods inventory saw the largest reduction, decreasing by **$69.5 million**[35](index=35&type=chunk) [6. PROPERTY, PLANT, AND EQUIPMENT, NET](index=11&type=section&id=6.%20PROPERTY%2C%20PLANT%2C%20AND%20EQUIPMENT%2C%20NET) Net property, plant, and equipment decreased from $1,280.3 million to $1,213.8 million, as accumulated depreciation exceeded additions | Asset Category | As of June 27, 2025 (Millions) | As of September 27, 2024 (Millions) | | :------------- | :------------------------------- | :---------------------------------- | | Total property, plant, and equipment, gross | $4,292.7 | $4,210.1 | | Accumulated depreciation | $(3,078.9) | $(2,929.8) | | Total property, plant, and equipment, net | $1,213.8 | $1,280.3 | - Gross property, plant, and equipment increased by **$82.6 million**, while accumulated depreciation increased by **$149.1 million**[36](index=36&type=chunk) [7. GOODWILL AND INTANGIBLE ASSETS](index=11&type=section&id=7.%20GOODWILL%20AND%20INTANGIBLE%20ASSETS) Goodwill remained unchanged, while net intangible assets decreased due to amortization, with no impairment noted in the current period | Intangible Asset Type | Net Carrying Amount (June 27, 2025, Millions) | Net Carrying Amount (September 27, 2024, Millions) | | :-------------------- | :-------------------------------------------- | :------------------------------------------------- | | Developed technology and other | $748.0 | $838.9 | | Technology licenses | $93.5 | $26.2 | | In-process research and development | $10.7 | $35.4 | | Total intangible assets, net | $852.2 | $900.5 | - Amortization expense for definite-lived intangible assets was **$139.8 million** for the nine months ended June 27, 2025, consistent with the prior year[40](index=40&type=chunk) - **$24.7 million** of IPR&D assets were transferred to definite-lived intangible assets during the nine months ended June 27, 2025, to be amortized over 8 years[39](index=39&type=chunk) [8. INCOME TAXES](index=12&type=section&id=8.%20INCOME%20TAXES) The provision for income taxes and the effective tax rate fluctuated significantly due to the geographical mix of earnings, GILTI, and FDII benefits | Metric | Three Months Ended June 27, 2025 (Millions) | Three Months Ended June 28, 2024 (Millions) | Nine Months Ended June 27, 2025 (Millions) | Nine Months Ended June 28, 2024 (Millions) | | :----- | :------------------------------------------ | :------------------------------------------ | :----------------------------------------- | :----------------------------------------- | | Provision for income taxes | $7.0 | $12.5 | $69.0 | $42.5 | | Effective tax rate | 6.3% | 9.4% | 17.0% | 7.4% | - The decrease in the three-month provision was due to geographical mix of earnings and lower Global Intangible Low-Taxed Income ("GILTI"), net of foreign tax credits[84](index=84&type=chunk) - The increase in the nine-month provision was due to higher foreign taxes and a lower Foreign-Derived Intangible Income ("FDII") benefit, partially offset by decreased GILTI[85](index=85&type=chunk) [9. COMMITMENTS AND CONTINGENCIES](index=12&type=section&id=9.%20COMMITMENTS%20AND%20CONTINGENCIES) The company is involved in various legal proceedings, including a recent patent infringement lawsuit, and has long-term capacity reservation agreements - Denso Corporation filed patent infringement litigation against Skyworks in the U.S. and Japan on **June 20, 2025**, seeking monetary damages and injunctive relief[48](index=48&type=chunk) - The company generally indemnifies customers for third-party intellectual property infringement claims and does not expect these obligations to have a material adverse impact[50](index=50&type=chunk)[51](index=51&type=chunk) - Deposits and prepayments under long-term capacity reservation agreements with foundries totaled **$90.4 million** as of June 27, 2025[53](index=53&type=chunk) [10. STOCKHOLDERS' EQUITY](index=14&type=section&id=10.%20STOCKHOLDERS'%20EQUITY) The Board approved a new $2.0 billion stock repurchase program, and the company actively repurchased shares and declared dividends - A new **$2.0 billion stock repurchase program** was approved on February 4, 2025, with approximately **$1.2 billion remaining** as of June 27, 2025[54](index=54&type=chunk)[55](index=55&type=chunk) | Period | Shares Repurchased (Millions) | Amount (Millions) | | :----- | :---------------------------- | :---------------- | | Three Months Ended June 27, 2025 | 5.2 | $333.4 | | Nine Months Ended June 27, 2025 | 12.6 | $837.7 | | Three Months Ended June 28, 2024 | 0.8 | $77.4 | - Dividends declared totaled **$327.0 million** ($2.10 per share) for the nine months ended June 27, 2025[58](index=58&type=chunk) [11. EARNINGS PER SHARE](index=15&type=section&id=11.%20EARNINGS%20PER%20SHARE) Basic and diluted EPS decreased year-over-year for both the three and nine-month periods, primarily due to lower net income | Metric | Three Months Ended June 27, 2025 | Three Months Ended June 28, 2024 | Nine Months Ended June 27, 2025 | Nine Months Ended June 28, 2024 | | :----- | :------------------------------- | :------------------------------- | :------------------------------ | :------------------------------ | | Basic EPS | $0.70 | $0.75 | $2.15 | $3.34 | | Diluted EPS | $0.70 | $0.75 | $2.14 | $3.32 | | Weighted Average Shares Outstanding – Basic (Millions) | 150.0 | 160.4 | 156.3 | 160.2 | - The weighted average shares outstanding (basic) decreased by **6.5%** for the three-month period and **2.4%** for the nine-month period, primarily due to share repurchases[60](index=60&type=chunk) [12. SUPPLEMENTAL FINANCIAL INFORMATION](index=15&type=section&id=12.%20SUPPLEMENTAL%20FINANCIAL%20INFORMATION) Other current assets decreased due to lower prepaid expenses, while other current liabilities increased, driven by accrued taxes and other liabilities | Other Current Assets | As of June 27, 2025 (Millions) | As of September 27, 2024 (Millions) | | :------------------- | :------------------------------- | :---------------------------------- | | Prepaid expenses | $198.4 | $234.8 | | Other | $257.4 | $249.9 | | Total other current assets | $455.8 | $484.7 | | Other Current Liabilities | As of June 27, 2025 (Millions) | As of September 27, 2024 (Millions) | | :------------------------ | :------------------------------- | :---------------------------------- | | Accrued customer liabilities | $181.0 | $192.2 | | Accrued taxes | $64.7 | $52.5 | | Short-term operating lease liabilities | $36.0 | $20.2 | | Other | $72.0 | $38.1 | | Total other current liabilities | $353.7 | $303.0 | [ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.](index=16&type=section&id=ITEM%202.%20MANAGEMENT'S%20DISCUSSION%20AND%20ANALYSIS%20OF%20FINANCIAL%20CONDITION%20AND%20RESULTS%20OF%20OPERATIONS.) This section provides management's perspective on the company's financial performance, condition, liquidity, and capital resources [OVERVIEW](index=17&type=section&id=OVERVIEW) Net revenue increased in the third quarter driven by mobile and Wi-Fi demand, while cash decreased due to share repurchases and dividends - Net revenue increased to **$965.0 million** for the three months ended June 27, 2025, up from $905.5 million in the prior year, primarily due to increased demand for mobile and Wi-Fi products[67](index=67&type=chunk) - Ending cash, cash equivalents, and marketable securities decreased to **$1,336.7 million**, primarily due to share repurchases, dividend payments, and capital expenditures[67](index=67&type=chunk) - Robert A. Schriesheim was appointed **interim Chief Financial Officer**, effective May 29, 2025[67](index=67&type=chunk) [Net Revenue](index=18&type=section&id=Net%20Revenue) Net revenue increased by 6.6% in the three-month period due to higher mobile and Wi-Fi demand but decreased by 5.3% over nine months | Period | Net Revenue (Millions) | Change (%) | | :----- | :--------------------- | :--------- | | Three Months Ended June 27, 2025 | $965.0 | 6.6% | | Three Months Ended June 28, 2024 | $905.5 | - | | Nine Months Ended June 27, 2025 | $2,986.7 | (5.3)% | | Nine Months Ended June 28, 2024 | $3,153.0 | - | - The three-month increase was driven primarily by an increase in demand for **mobile and Wi-Fi products**[69](index=69&type=chunk) - The nine-month decrease was driven primarily by a decrease in demand for **mobile products** partially offset by an increase in demand for Wi-Fi products[69](index=69&type=chunk) [Gross Profit](index=18&type=section&id=Gross%20Profit) Gross profit and margin increased in the three-month period due to higher volumes, but nine-month gross profit decreased on unfavorable product mix | Period | Gross Profit (Millions) | Gross Margin (%) | Change (Gross Profit %) | | :----- | :---------------------- | :--------------- | :---------------------- | | Three Months Ended June 27, 2025 | $401.0 | 41.6% | 10.1% | | Three Months Ended June 28, 2024 | $364.1 | 40.2% | - | | Nine Months Ended June 27, 2025 | $1,234.6 | 41.3% | (4.4)% | | Nine Months Ended June 28, 2024 | $1,291.0 | 40.9% | - | - The increase in gross profit for the three months ended June 27, 2025, was primarily the result of **higher unit volumes**[71](index=71&type=chunk) - The decrease in gross profit for the nine months ended June 27, 2025, was primarily the result of **unfavorable product mix** and lower average selling prices[71](index=71&type=chunk) [Research and Development](index=18&type=section&id=Research%20and%20Development) R&D expenses increased significantly due to higher headcount-related costs and engineering prototypes, reflecting increased investment in new technologies | Period | R&D Expense (Millions) | R&D as % of Net Revenue | Change (%) | | :----- | :--------------------- | :---------------------- | :--------- | | Three Months Ended June 27, 2025 | $199.4 | 20.7% | 24.1% | | Three Months Ended June 28, 2024 | $160.7 | 17.7% | - | | Nine Months Ended June 27, 2025 | $562.4 | 18.8% | 20.1% | | Nine Months Ended June 28, 2024 | $468.1 | 14.8% | - | - The increase in research and development expenses was primarily related to increases in **headcount-related expenses** and costs for engineering prototypes[73](index=73&type=chunk) - This reflects the company's increased investment in developing **new technologies and products**[73](index=73&type=chunk) [Selling, General, and Administrative](index=19&type=section&id=Selling%2C%20General%2C%20and%20Administrative) SG&A expenses increased for both periods, mainly due to higher headcount-related expenses and professional services costs | Period | SG&A Expense (Millions) | SG&A as % of Net Revenue | Change (%) | | :----- | :---------------------- | :----------------------- | :--------- | | Three Months Ended June 27, 2025 | $89.3 | 9.2% | 25.4% | | Three Months Ended June 28, 2024 | $71.2 | 7.9% | - | | Nine Months Ended June 27, 2025 | $259.9 | 8.7% | 14.6% | | Nine Months Ended June 28, 2024 | $226.7 | 7.2% | - | - The increase in selling, general, and administrative expenses was primarily related to increases in **headcount-related expenses** and professional services costs[75](index=75&type=chunk) [Amortization of Intangibles](index=19&type=section&id=Amortization%20of%20Intangibles) Amortization expense of intangibles remained consistent compared to the corresponding periods in the prior fiscal year | Period | Amortization of Intangibles (Millions) | Change (%) | | :----- | :------------------------------------- | :--------- | | Three Months Ended June 27, 2025 | $0.2 | 0% | | Three Months Ended June 28, 2024 | $0.2 | - | | Nine Months Ended June 27, 2025 | $0.7 | 0% | | Nine Months Ended June 28, 2024 | $0.7 | - | - Amortization expense was **stable** across the periods presented[76](index=76&type=chunk) [Restructuring, Impairment, and Other Charges](index=19&type=section&id=Restructuring%2C%20Impairment%2C%20and%20Other%20Charges) Charges for the nine-month period increased by 29.1%, primarily due to restructuring costs associated with the Chief Executive Officer transition | Period | Charges (Millions) | Change (%) | | :----- | :----------------- | :--------- | | Three Months Ended June 27, 2025 | $1.5 | (6.3)% | | Three Months Ended June 28, 2024 | $1.6 | - | | Nine Months Ended June 27, 2025 | $22.6 | 29.1% | | Nine Months Ended June 28, 2024 | $17.5 | - | - The increase in nine-month charges was primarily due to restructuring charges incurred in connection with the **transition of the Chief Executive Officer**[78](index=78&type=chunk) [Interest Expense](index=19&type=section&id=Interest%20Expense) Interest expense for the nine-month period decreased by 15.1%, attributed to debt repayments in prior periods | Period | Interest Expense (Millions) | Change (%) | | :----- | :-------------------------- | :--------- | | Three Months Ended June 27, 2025 | $6.6 | 0% | | Three Months Ended June 28, 2024 | $6.6 | - | | Nine Months Ended June 27, 2025 | $20.2 | (15.1)% | | Nine Months Ended June 28, 2024 | $23.8 | - | - The decrease in nine-month interest expense was due to **debt repayments in prior periods** that reduced the amount of outstanding indebtedness[80](index=80&type=chunk) [Other Income, Net](index=20&type=section&id=Other%20Income%2C%20Net) Other income decreased for the three-month period due to foreign currency losses but increased over nine months from higher interest income | Period | Other Income, Net (Millions) | Change (%) | | :----- | :--------------------------- | :--------- | | Three Months Ended June 27, 2025 | $8.0 | (16.7)% | | Three Months Ended June 28, 2024 | $9.6 | - | | Nine Months Ended June 27, 2025 | $35.9 | 50.8% | | Nine Months Ended June 28, 2024 | $23.8 | - | - The three-month decrease was primarily due to an increase in **foreign currency remeasurement losses** partially offset by interest income[81](index=81&type=chunk) - The nine-month increase was primarily due to an increase in **interest income** generated from cash, cash equivalents, and marketable securities[82](index=82&type=chunk) [Provision for Income Taxes](index=20&type=section&id=Provision%20for%20Income%20Taxes) The income tax provision decreased for the three-month period but increased over nine months due to shifts in geographical earnings and tax benefits | Period | Provision for Income Taxes (Millions) | Change (%) | | :----- | :------------------------------------ | :--------- | | Three Months Ended June 27, 2025 | $7.0 | (44.0)% | | Three Months Ended June 28, 2024 | $12.5 | - | | Nine Months Ended June 27, 2025 | $69.0 | 62.4% | | Nine Months Ended June 28, 2024 | $42.5 | - | - The decrease in income tax expense for the three months was primarily due to the **geographical mix of worldwide earnings** and a decrease in GILTI[84](index=84&type=chunk) - The increase in income tax expense for the nine months was primarily due to **higher foreign taxes** and a lower FDII benefit[85](index=85&type=chunk) [LIQUIDITY AND CAPITAL RESOURCES](index=20&type=section&id=LIQUIDITY%20AND%20CAPITAL%20RESOURCES) Cash and cash equivalents decreased by $182.7 million, driven by lower operating cash flow and increased financing activities, particularly share repurchases | (in millions) | Nine Months Ended June 27, 2025 | Nine Months Ended June 28, 2024 | | :------------ | :-------------------------------- | :-------------------------------- | | Cash and cash equivalents at beginning of period | $1,368.6 | $718.8 | | Net cash provided by operating activities | $1,100.8 | $1,348.6 | | Net cash used in investing activities | $(102.9) | $(84.5) | | Net cash used in financing activities | $(1,180.6) | $(719.5) | | Cash and cash equivalents at end of period | $1,185.9 | $1,263.4 | - Cash, cash equivalents, and marketable securities totaled **$1,336.7 million** as of June 27, 2025, a decrease of $237.4 million from September 27, 2024[91](index=91&type=chunk) - The company has outstanding **$500.0 million of Notes Due 2026** and **$500.0 million of Notes Due 2031**, and a Revolving Credit Agreement for up to $750.0 million[92](index=92&type=chunk) Cash provided by operating activities | Metric | Nine Months Ended June 27, 2025 (Millions) | Nine Months Ended June 28, 2024 (Millions) | | :----- | :----------------------------------------- | :----------------------------------------- | | Net cash provided by operating activities | $1,100.8 | $1,348.6 | - The **$247.8 million decrease** in cash provided by operating activities was primarily related to lower net income and a smaller decrease in working capital[88](index=88&type=chunk) Cash used in investing activities | Metric | Nine Months Ended June 27, 2025 (Millions) | Nine Months Ended June 28, 2024 (Millions) | | :----- | :----------------------------------------- | :----------------------------------------- | | Net cash used in investing activities | $(102.9) | $(84.5) | | Capital expenditures | $(139.0) | $(74.2) | | Purchases of marketable securities | $(415.9) | $(25.7) | | Sales and maturities of marketable securities | $473.9 | $25.3 | - The **$18.4 million increase** in cash used in investing activities was primarily related to an increase in purchases of marketable securities and capital expenditures[89](index=89&type=chunk) Cash used in financing activities | Metric | Nine Months Ended June 27, 2025 (Millions) | Nine Months Ended June 28, 2024 (Millions) | | :----- | :----------------------------------------- | :----------------------------------------- | | Net cash used in financing activities | $(1,180.6) | $(719.5) | | Repurchase of common stock - stock repurchase program | $(830.2) | $(77.3) | | Payments of debt | $0.0 | $(300.0) | - The **$461.1 million increase** in cash used in financing activities was primarily related to an increase of $752.9 million in share repurchases[90](index=90&type=chunk) Liquidity - Cash, cash equivalents, and marketable securities totaled **$1,336.7 million** as of June 27, 2025, representing a decrease of $237.4 million from September 27, 2024[91](index=91&type=chunk) - The company has outstanding **$500.0 million of Notes Due 2026** and **$500.0 million of Notes Due 2031**[92](index=92&type=chunk) - A Revolving Credit Agreement for up to **$750.0 million** is available, with no outstanding borrowings as of June 27, 2025[92](index=92&type=chunk) [ITEM 3: QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK](index=21&type=section&id=ITEM%203%3A%20QUANTITATIVE%20AND%20QUALITATIVE%20DISCLOSURES%20ABOUT%20MARKET%20RISK) This section outlines the company's exposure to investment, interest rate, and foreign exchange rate risks, concluding that current exposures are not material [Investment and Interest Rate Risk](index=21&type=section&id=Investment%20and%20Interest%20Rate%20Risk) The company's investment portfolio is diversified across high-credit-rating securities with short-term maturities to manage interest rate and credit risk - The investment portfolio consists of approximately **$1,185.9 million in cash and cash equivalents** and **$150.8 million in marketable securities** as of June 27, 2025[97](index=97&type=chunk) - Investments are diversified across several types of securities with **high credit ratings** and have short-term maturity periods to dampen the impact of market or interest rate risk[98](index=98&type=chunk) - A hypothetical reduction of 100 basis points in interest rates would result in an **immaterial reduction** of interest income[99](index=99&type=chunk) [Foreign Exchange Rate Risk](index=22&type=section&id=Foreign%20Exchange%20Rate%20Risk) The company primarily conducts business in USD, limiting foreign exchange risk, and did not use hedging contracts during the reported periods - Substantially all sales to customers and arrangements with third-party manufacturers provide for pricing and payment in **United States dollars**[101](index=101&type=chunk) - A percentage of international operational expenses are denominated in foreign currencies, and **exchange rate volatility** could impact operating costs[101](index=101&type=chunk) - The company had **not entered into any outstanding foreign currency forward or options contracts** for the three and nine months ended June 27, 2025, or June 28, 2024[102](index=102&type=chunk) [ITEM 4: CONTROLS AND PROCEDURES](index=22&type=section&id=ITEM%204%3A%20CONTROLS%20AND%20PROCEDURES) This section confirms the effectiveness of disclosure controls and reports no material changes to internal control over financial reporting [Evaluation of Disclosure Controls and Procedures](index=22&type=section&id=Evaluation%20of%20Disclosure%20Controls%20and%20Procedures) As of June 27, 2025, management concluded that the company's disclosure controls and procedures were effective at a reasonable assurance level - Management, with the participation of the chief executive officer and interim chief financial officer, evaluated and concluded that the company's disclosure controls and procedures were **effective** as of June 27, 2025[103](index=103&type=chunk) - Disclosure controls and procedures are designed to ensure that information required to be disclosed is recorded, processed, summarized, and reported within specified time periods[103](index=103&type=chunk) [Changes in Internal Control Over Financial Reporting](index=22&type=section&id=Changes%20in%20Internal%20Control%20Over%20Financial%20Reporting) There were no material changes to the company's internal control over financial reporting during the third quarter of fiscal 2025 - There were **no changes** to the company's internal control over financial reporting that occurred during the third quarter of fiscal 2025 that have materially affected or are reasonably likely to materially affect it[104](index=104&type=chunk) PART II. OTHER INFORMATION [ITEM 1: LEGAL PROCEEDINGS](index=23&type=section&id=ITEM%201%3A%20LEGAL%20PROCEEDINGS) This section refers to Note 9 for details on legal proceedings, including a patent infringement lawsuit filed by Denso Corporation in June 2025 - Refer to **Note 9** of the Notes to Consolidated Financial Statements for a detailed discussion of legal proceedings[106](index=106&type=chunk) - On June 20, 2025, **Denso Corporation filed patent infringement litigation** against the Company in the U.S. and Japan, seeking monetary damages and injunctive relief[48](index=48&type=chunk) [ITEM 1A: RISK FACTORS](index=23&type=section&id=ITEM%201A%3A%20RISK%20FACTORS) The company faces significant international business risks, potential market share loss, litigation, manufacturing disruptions, and senior management transition risks - The company derives significant revenues from customers and has suppliers located outside the United States, exposing it to risks such as recession, currency controls, and global economic and political conditions[108](index=108&type=chunk) - The imposition of or changes to **tariffs** and any retaliatory measures could negatively impact trade, operating costs, and demand for products[108](index=108&type=chunk)[111](index=111&type=chunk) - The company is subject to risks of litigation, including a **putative class action lawsuit** and two derivative action lawsuits filed in March and April 2025[113](index=113&type=chunk) - Manufacturing processes are complex and subject to disruption, including the planned closure of the Woburn facility and relocation of the Singapore Filter Manufacturing Facility[114](index=114&type=chunk)[115](index=115&type=chunk) - **Recent senior management transitions**, including a new Chief Executive Officer and interim Chief Financial Officer, involve inherent risks that could disrupt operations[117](index=117&type=chunk) [ITEM 2: UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS](index=26&type=section&id=ITEM%202%3A%20UNREGISTERED%20SALES%20OF%20EQUITY%20SECURITIES%20AND%20USE%20OF%20PROCEEDS) During the quarter, the company repurchased 5.3 million shares, primarily under its $2.0 billion stock repurchase program | Period | Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (Millions) | | :----- | :------------------------------- | :--------------------------- | :------------------------------------------------------------------------------- | :------------------------------------------------------------------------------------------------ | | 03/29/25 - 04/25/25 | 2,697,935 | $58.06 | 2,697,176 | $1,300 | | 04/26/25 - 05/23/25 | 2,412,786 | $69.36 | 2,399,397 | $1,200 | | 05/24/25 - 06/27/25 | 200,876 | $69.42 | 150,000 | $1,200 | | Total (3 months) | 5,311,597 | $62.76 (approx) | 5,246,573 | - | - The stock repurchase program approved on February 4, 2025, authorized the repurchase of up to **$2.0 billion** of common stock, with approximately **$1.2 billion remaining** available as of June 27, 2025[118](index=118&type=chunk)[55](index=55&type=chunk) - Repurchases include shares withheld for payroll tax withholdings on equity awards, in addition to shares repurchased under the stock repurchase program[120](index=120&type=chunk)[121](index=121&type=chunk)[122](index=122&type=chunk) [ITEM 6: EXHIBITS](index=29&type=section&id=ITEM%206%3A%20EXHIBITS) This section lists the exhibits filed with the 10-Q report, including corporate governance documents, executive agreements, and XBRL data files - Key exhibits include the Restated Certificate of Incorporation, executive offer letters, and **certifications from the CEO and CFO** pursuant to the Sarbanes-Oxley Act[124](index=124&type=chunk) - The report includes **Inline XBRL** Instance Document and Taxonomy Extension documents for data tagging and presentation[124](index=124&type=chunk) SIGNATURES [SIGNATURES](index=30&type=section&id=SIGNATURES) The report was duly signed on August 5, 2025, by the President and CEO and the Interim CFO - The report was signed by **Philip G. Brace**, President and Chief Executive Officer, and **Robert A. Schriesheim**, Interim Chief Financial Officer, on August 5, 2025[128](index=128&type=chunk)

Investor Relations: Raji Gill (949) 508-0973 Raji.Gill@skyworksinc.com Exhibit 99.1 Media Relations: Constance Griffiths (949) 230-4867 Constance.Griffiths@skyworksinc.com Revenue for the third fiscal quarter of 2025 was $965 million. On a GAAP basis, operating income for the third fiscal quarter was $111 million with diluted earnings per share of $0.70. On a non-GAAP basis, operating income was $224 million with non-GAAP diluted earnings per share of $1.33. "Skyworks delivered another strong quarter, with ...

Core Insights - Skyworks Solutions (SWKS) is expected to report third-quarter fiscal 2025 results on August 5, 2025, with a projected non-GAAP diluted EPS of $1.24, reflecting a 2.48% increase year-over-year [1][10] - Revenue expectations for the quarter are between $920 million and $960 million, with the Zacks Consensus Estimate at $939.54 million, indicating a 3.76% year-over-year increase [2][10] Performance Influencers - The anticipated performance in Q3 is likely to benefit from a diversified portfolio and growth in edge IoT and automotive sectors [3] - Strong demand for edge IoT technologies, including Wi-Fi 6e and Wi-Fi 7 systems, is expected to drive a multiyear upgrade cycle due to faster data transfer speeds and lower latency [4] - The rising adoption of generative AI and 5G technologies is projected to sustain demand for high-performance RF solutions, positioning Skyworks favorably in AI applications, next-generation smartphones, and autonomous vehicles [5] - Long-term growth opportunities are seen in the automotive sector, driven by the increasing complexity of radio requirements in software-defined vehicles and connected cars [6] Challenges - Mobile revenue is anticipated to decline by low single digits sequentially due to historical seasonality, alongside macroeconomic conditions and ongoing inventory digestion in certain markets [7][10]

Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Skyworks Solutions, Inc. due to a class action complaint alleging breaches of fiduciary duties by the board of directors during the period from August 8, 2023, to February 5, 2025 [1][2]. Financial Performance - On February 5, 2025, Skyworks announced its financial results for Q1 of fiscal year 2025, providing lower-than-expected revenue guidance for Q2, attributing this to an intensified competitive landscape [3]. - Following the announcement, Skyworks' stock price plummeted from $87.08 per share to $65.60 per share, marking a decline of over 24% in just one day [3]. Legal Context - The class action complaint filed on March 3, 2025, claims that the defendants misled investors regarding Skyworks' expected revenue for fiscal year 2025, expressing confidence in the company's growth potential and mobile business expansion [2]. - The law firm is encouraging long-term stockholders who suffered losses to contact them for discussions regarding their legal rights [1][4].