Skyworks(SWKS) - 2025 Q4 - Annual Results

Financial Performance - Q4 revenue reached $1.10 billion, with a GAAP diluted EPS of $1.07 and a non-GAAP diluted EPS of $1.76[9] - Full fiscal year 2025 revenue totaled $4.09 billion, with a GAAP operating income of $524 million and a non-GAAP operating income of $995 million[9] - Operating cash flow for Q4 was $200 million, while free cash flow was $144 million[9] - Non-GAAP net income for Q4 was $263.7 million, compared to $249.9 million in the same quarter last year[10] - Non-GAAP free cash flow for the full year was $1.11 billion, with a free cash flow margin of 27.1%[10] - GAAP operating margin for Q4 was 12.3%, while non-GAAP operating margin was 24.0%[10] - The company declared a quarterly dividend of $0.71 per share[9] Mergers and Acquisitions - Skyworks announced a definitive agreement to combine with Qorvo, creating a $22 billion leader in high-performance RF, analog, and mixed-signal solutions[6] - The transaction with Qorvo is expected to close in early 2027, pending regulatory and shareholder approvals[6] - Skyworks is currently undergoing a proposed merger, which may impact its business operations and financial condition[22] Business Strategy and Operations - Skyworks is a leading developer and provider of analog and mixed-signal semiconductors for various applications, including aerospace, automotive, and cellular infrastructure[25] - The company is a member of the S&P 500® market index, indicating its significant market presence[26] - Skyworks is focused on empowering the wireless networking revolution, highlighting its commitment to innovation in the semiconductor industry[25] - The company has global operations with facilities in Asia, Europe, and North America, enhancing its market reach and operational capabilities[26] - Skyworks is focused on optimizing its manufacturing processes to improve operational efficiency and reduce costs[22] Risks and Challenges - The company faces risks related to international business operations, including trade wars and increased competition in the semiconductor market[22] - Skyworks is committed to maintaining its intellectual property portfolio and managing potential litigation risks related to intellectual property[22] - The company emphasizes the importance of design wins and market acceptance of its products, particularly in emerging technologies like AI[22] - The company is aware of the potential impacts of global health crises on its business operations and financial condition[22] Future Outlook - Skyworks plans to report detailed Q4 results and business outlook on November 4, 2025[7]