Core Viewpoint - The Gross Law Firm is notifying shareholders of Skyworks Solutions, Inc. about a potential class action lawsuit due to misleading statements regarding the company's revenue expectations for fiscal year 2025, which led to a significant drop in stock price following disappointing financial results [1][3]. Summary by Sections Class Action Details - Shareholders who purchased shares of Skyworks Solutions (SWKS) between July 30, 2024, and February 5, 2025, are encouraged to contact the Gross Law Firm for possible lead plaintiff appointment [1][3]. - The deadline for shareholders to register for the class action is May 5, 2025 [4]. Allegations and Financial Impact - The complaint alleges that Skyworks' management provided investors with overly optimistic information about the company's revenue and growth potential, particularly in the mobile business [3]. - 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 [3]. - Following this 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 [3]. Next Steps for Shareholders - Shareholders who register will be enrolled in a portfolio monitoring software to receive updates throughout the case [4]. - Participation in the case incurs no cost or obligation for shareholders [4]. Firm's Commitment - The Gross Law Firm aims to protect investors' rights and ensure companies adhere to responsible business practices, seeking recovery for losses incurred due to misleading statements [5].

Core Viewpoint - The Skyworks class action lawsuit alleges that Skyworks Solutions, Inc. and its executives made misleading statements regarding the company's revenue outlook and growth potential, leading to significant stock price declines following disappointing financial results [1][3][4]. Group 1: Lawsuit Details - The class action 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][2]. - A second complaint, Tsvetkov v. Skyworks Solutions, Inc., has also been filed, with lead plaintiff motions due by May 5, 2025 [1][2]. - The lawsuit claims that Skyworks misrepresented its financial health and growth prospects, particularly in relation to its largest customer and the impact of macroeconomic factors [3]. Group 2: Financial Performance - On February 5, 2025, Skyworks reported first-quarter fiscal year 2025 results and provided lower-than-expected revenue guidance for the second quarter, citing an intensified competitive landscape [4]. - Following this announcement, Skyworks' stock price dropped by more than 24% [4]. 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 [5]. - The lead plaintiff will represent the interests of all class members and can choose a law firm to litigate the case [5]. Group 4: Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud cases, having recovered $6.6 billion for investors in class action cases, significantly more than any other firm in recent years [6]. - The firm has a strong track record, including the largest securities class action recovery in history at $7.2 billion [6].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Skyworks Solutions, Inc. securities between July 30, 2024, and February 5, 2025, of the May 5, 2025, deadline to become a lead plaintiff in a class action lawsuit [1] Group 1: Class Action Details - A class action lawsuit has been filed against Skyworks Solutions, and investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1][2] - Investors wishing to serve as lead plaintiff must file a motion with the Court by May 5, 2025 [2] Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company at the time and being ranked No. 1 for securities class action settlements in 2017 [3] - The firm has recovered hundreds of millions of dollars for investors, securing over $438 million in 2019 alone [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 its relationship with Apple, its largest customer [4] - Defendants are accused of overselling Skyworks' ability to capitalize on AI in the smartphone upgrade cycle while concealing adverse facts about the client base [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 Period for the Skyworks securities is from July 30, 2024, to February 5, 2025, and the lead plaintiff deadline is May 5, 2025 [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 can join by contacting Rosen Law Firm [2][5]. 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 settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions for investors [3]. - In 2019, the firm secured over $438 million for investors, and its founding partner was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020 [3]. Group 3: Case Specifics - The lawsuit alleges that during the Class Period, Skyworks' management provided misleading information regarding the company's expected revenue and its relationship with Apple, its largest customer [4]. - Defendants are accused of overselling Skyworks' ability to capitalize on AI in the smartphone upgrade cycle while concealing adverse facts about its client base [4]. - The lawsuit claims that when the true details became known, investors suffered damages [4].

Core Viewpoint - A class action lawsuit has been initiated against Skyworks Solutions, Inc. due to allegations of misleading investors regarding the company's expected revenue and business prospects during a specified period [1][2]. Group 1: Lawsuit Details - The class period for the lawsuit spans from August 8, 2023, to February 5, 2025, during which investors are claimed to have been provided with material information about Skyworks' expected revenue for fiscal year 2025 [2]. - The lawsuit alleges that the defendants expressed confidence in Skyworks' ability to grow its mobile business and diversify its offerings through new technology investments [2]. Group 2: Financial Performance - On February 5, 2025, Skyworks reported its financial results for Q1 of fiscal year 2025 and issued 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 on February 6, 2025, marking a decline of over 24% in just one day [3]. Group 3: Legal Process - Investors who suffered losses in Skyworks securities have until May 5, 2025, to request appointment as lead plaintiff in the lawsuit, although participation in any recovery does not require serving as lead plaintiff [4]. Group 4: Law Firm Background - Levi & Korsinsky, the law firm handling the case, has a history of securing significant settlements for shareholders and is recognized as one of the top securities litigation firms in the United States [5].

Core Viewpoint - A class action securities lawsuit has been filed against Skyworks Solutions, Inc. due to alleged securities fraud that affected investors between July 30, 2024, 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 growth potential and investment in new technologies [2]. - On February 5, 2025, Skyworks reported lower-than-expected revenue guidance for Q2 of fiscal year 2025, attributing the results 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 this role [3]. - Class members may be entitled to compensation without incurring any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].

NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of SWKS during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is May 5, 2025. There is no cost or obligation to you to participate in this case. WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the right ...

Financial Data and Key Metrics Changes - Skyworks reported revenue of $1.068 billion for Q1 fiscal 2025, with earnings per share (EPS) of $1.60, and free cash flow of $338 million, meeting or exceeding the midpoint of guidance [11][20][23] - Gross profit was $497 million, resulting in a gross margin of 46.5% [21] - Operating income was $285 million, translating into an operating margin of 27% [22] - The company generated operating cash flow of $377 million, with capital expenditures of $39 million [23] - Cash and investment balance increased to approximately $1.75 billion, while maintaining a debt level of $1 billion [24] Business Line Data and Key Metrics Changes - Mobile revenue accounted for 67% of total revenue, increasing 6% sequentially due to support for multiple product launches [20] - Broad Markets revenue returned to year-over-year growth at 2%, marking four consecutive quarters of modest sequential growth [21] - Industrial and infrastructure segments remained subdued due to persistent inventory challenges [14] Market Data and Key Metrics Changes - The global adoption of generative AI on smartphones is expected to drive smartphone upgrades and increase RF solution requirements [12] - Demand signals and backlog in Broad Markets are improving, with certain segments reaching equilibrium in supply and demand [13] - The automotive segment returned to year-over-year growth, driven by design wins in connected cars and infotainment systems [17] Company Strategy and Development Direction - The company is focusing on diversification and innovation in RF solutions, particularly in automotive electrification, edge IoT, and AI data centers [14][31] - A new $2 billion stock repurchase program has been approved as part of a disciplined capital allocation strategy [28] - The company plans to continue investing in technology and product roadmaps despite challenges in revenue from its largest customer [27][31] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges in the competitive landscape, particularly with their largest customer, leading to a dual-sourcing strategy [30][41] - The company anticipates a decline in mobile business revenue in Q2 fiscal 2025, in line with historical seasonality, while expecting growth in Broad Markets [24][25] - Management remains committed to innovation and expanding product offerings to capture more opportunities in the next-generation phone expected in 2026 [31][77] Other Important Information - Liam Griffin announced his resignation as CEO, with Philip Brace appointed as the new CEO effective February 17, 2025 [7][8] - The effective tax rate for the quarter was 12.2%, contributing to a net income of $258 million [23] Q&A Session Summary Question: Comments on the transition and competition with the largest customer - Management confirmed that while they retained some sockets, they are now dual-sourced instead of single-sourced, which has impacted revenue expectations [41][46] Question: Future socket opportunities and competitive dynamics - Management indicated that they are unlikely to win back lost sockets to Qualcomm but have been successful in gaining content in other areas [56][58] Question: Repurposing RF designs for new content wins - Management stated that technology developed for mobile can be leveraged across different markets, including Android and broad markets [61][63] Question: Long-term strategy for China and tariffs - The company plans to remain selective in the high-end market in China, focusing on high-performance RF solutions [98] Question: Performance gap with competitors - Management noted that the competition has intensified, but they are committed to improving their technology and performance to regain market share [104][106]

Financial Performance - Net revenue for the three months ended December 27, 2024, was $1,068.5 million, a decrease of 11.0% compared to $1,201.5 million for the same period in 2023[10] - Gross profit for the same period was $441.9 million, down from $506.6 million, reflecting a gross margin of approximately 41.4%[10] - Operating income decreased to $181.1 million, a decline of 30.0% from $258.3 million year-over-year[10] - Net income for the quarter was $162.0 million, down 29.9% from $231.3 million in the prior year[10] - Basic earnings per share were $1.01, compared to $1.45 in the same quarter last year, representing a decrease of 30.3%[10] - Net revenue decreased to $1,068.5 million for the three months ended December 27, 2024, a decline of 11.1% compared to $1,201.5 million for the same period in fiscal 2024, primarily due to decreased demand for mobile products[69] - Gross profit for the same period was $441.9 million, representing a decrease of 12.8% from $506.6 million, with gross profit margin at 41.4% compared to 42.2%[71] - Net income for the three months ended December 27, 2024, was $162.4 million, or 15.2% of net revenue, down from 19.3% in the prior year[69] Cash and Assets - Cash and cash equivalents increased to $1,602.5 million from $1,368.6 million, reflecting a net increase of $233.9 million during the quarter[17] - Total assets as of December 27, 2024, were $8,331.1 million, up from $8,283.3 million at the end of the previous quarter[16] - Cash and cash equivalents amounted to $1,602.5 million as of December 27, 2024, an increase from $1,368.6 million as of September 27, 2024[34] - Cash, cash equivalents, and marketable securities totaled $1,754.8 million as of December 27, 2024, an increase of $180.7 million from the previous quarter[89] - The company's marketable securities totaled $136.7 million as of December 27, 2024, down from $194.1 million as of September 27, 2024[33] Expenses - Research and development expenses rose to $176.4 million, an increase of 15.2% compared to $153.1 million in the prior year[10] - Selling, general, and administrative expenses rose to $82.6 million, a 4.8% increase from $78.8 million, representing 7.7% of net revenue compared to 6.6%[75] - Total share-based compensation for the three months ended December 27, 2024, was $51.1 million, a decrease of 4.1% from $53.3 million in the same period in 2023[59] Taxation - For the three months ended December 27, 2024, the provision for income taxes was $28.4 million, compared to $20.4 million for the same period in 2023, reflecting an increase of 39.2%[8] - The effective tax rate for the three months ended December 27, 2024, was 14.9%, significantly lower than the 21.0% U.S. federal statutory rate, primarily due to foreign earnings taxed at lower rates[8] - Provision for income taxes was $28.4 million, representing 2.7% of net revenue, an increase from 1.7% in the prior year[81] Shareholder Returns - Dividends paid during the quarter amounted to $112.5 million, slightly up from $108.9 million in the same period last year[17] - A cash dividend of $0.70 per share was declared on February 5, 2025, payable on March 17, 2025, to stockholders of record as of February 24, 2025[57] - The company has a stock repurchase program authorized for up to $2.0 billion, with $1.9 billion remaining available as of December 27, 2024[54][55] - During the three months ended December 27, 2024, the company repurchased 428,369 shares at an average price of $89.42[117] Debt and Liabilities - The carrying amount of total debt under Senior Notes was $994.7 million as of December 27, 2024, compared to $907.9 million as of September 27, 2024[37] - The company expects annual amortization expense for definite-lived intangible assets to be $129.8 million in 2025[43] Operational Insights - The company's inventory totaled $699.7 million as of December 27, 2024, a decrease from $784.8 million as of September 27, 2024[38] - The company recorded an impairment charge of $16.1 million related to a previously capitalized in-process research and development project during the three months ended December 29, 2023[35] - 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[70] Compliance and Governance - The company has filed its Fiscal Year 2025 Executive Incentive Plan, indicating a focus on performance-based compensation for executives[120] - Certifications from the Chief Executive Officer and Chief Financial Officer have been submitted, ensuring compliance with the Sarbanes-Oxley Act[121] - The company's disclosure controls and procedures were evaluated as effective at the reasonable assurance level as of December 27, 2024[103] - There were no changes to the internal control over financial reporting that materially affected or are likely to materially affect the company during the first quarter of fiscal 2025[104] Market and Risk Factors - The company derives significant revenues from international customers, primarily in the Asia-Pacific region and Europe, exposing it to various geopolitical and economic risks[110] - The company is subject to risks associated with doing business in China, including evolving laws and regulations that could adversely affect demand from Chinese customers[115] - The company recognizes that foreign exchange volatility could have a greater effect on business in the future as expenses become increasingly denominated in foreign currencies[100] - A hypothetical reduction in interest rates by 100 basis points would result in an immaterial reduction of interest income, with a de minimis impact on income before taxes[98] - The company has not entered into any outstanding foreign currency forward or options contracts for the three months ended December 27, 2024[101] - The company is evaluating the impact of recently issued accounting standards on its consolidated financial statements[27][28][29]

Financial Performance - Revenue for Q1 Fiscal 2025 was $1.068 billion, representing a 4% sequential growth[3] - GAAP diluted earnings per share (EPS) was $1.00, while non-GAAP diluted EPS was $1.60[5] - Non-GAAP gross profit for Q1 was $497.1 million, with a non-GAAP gross margin of 46.5%[23] - GAAP net income for Q1 was $162 million, down from $231.3 million in the same quarter last year[22] - Non-GAAP net income for the three months ended December 27, 2024, was $162.0 million, down from $231.3 million for the same period in 2023, representing a decrease of approximately 29.9%[37] Cash Flow and Liquidity - Operating cash flow was $377 million, with a 35% operating cash flow margin, and free cash flow was $338 million, with a 32% free cash flow margin[5] - Cash and cash equivalents at the end of the period were $1,602.5 million, up from $1,029.7 million at the end of the same period in 2023, indicating an increase of approximately 55.5%[37] - The company reported a net cash provided by operating activities of $377.2 million for the three months ended December 27, 2024, compared to $774.9 million for the same period in 2023, a decline of approximately 51.3%[37] - Non-GAAP free cash flow for the three months ended December 27, 2024, was not explicitly stated but is derived from net cash provided by operating activities of $377.2 million after deducting capital expenditures[37] Future Projections - For Q2 Fiscal 2025, revenue is expected to be between $935 million and $965 million, with non-GAAP diluted EPS projected at $1.20 at the midpoint[8] - Non-GAAP diluted earnings per share for Q2 2025 is estimated to be impacted by share-based compensation expense of $0.20 to $0.40 per diluted share, amortization of intangibles of $0.20 to $0.30 per diluted share, and certain tax items of -$0.15 to $0.20 per diluted share[32] Shareholder Returns - A new $2 billion stock repurchase program has been approved, succeeding the previous program from January 2023[10] - A cash dividend of $0.70 per share has been declared, payable on March 17, 2025[12] Assets and Liabilities - The company had cash and marketable securities of approximately $1.75 billion as of December 27, 2024[11] - Total assets increased to $8,331.1 million as of December 27, 2024, compared to $8,283.3 million as of September 27, 2024, reflecting a growth of approximately 0.6%[35] - Total liabilities increased to $1,930.4 million as of December 27, 2024, compared to $1,942.6 million as of September 27, 2024, a decrease of approximately 0.6%[35] - The company’s stockholders' equity rose to $6,400.7 million as of December 27, 2024, from $6,336.7 million as of September 27, 2024, reflecting an increase of approximately 1.0%[35] Inventory and Expenses - Inventory decreased to $699.7 million as of December 27, 2024, from $784.8 million as of December 29, 2023, representing a reduction of approximately 10.8%[35] - Share-based compensation expense for the three months ended December 27, 2024, was $51.1 million, slightly down from $53.3 million for the same period in 2023, a decrease of approximately 4.1%[33] Business Developments - The company secured 5G content for premium Android smartphones for major brands including Samsung Galaxy, Xiaomi, and Asus[9]