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Skyworks Solutions, Inc. is a leading developer and manufacturer of analog and mixed-signal semiconductor products and solutions, serving a wide range of applications across various markets such as aerospace, automotive, broadband, cellular infrastructure, connected home, defense, entertainment and gaming, industrial, medical, smartphone, tablet, and wearables . The company markets and sells its products globally through a direct sales force, electronic component distributors, and independent sales representatives, with a significant portion of sales concentrated among a limited number of customers, including major OEMs like Apple . Skyworks' product offerings are not segregated for reporting purposes as they are considered similar in nature, and the company derives its revenue principally from the sale of semiconductor products .
- Semiconductor Products - Designs, develops, manufactures, and markets analog and mixed-signal semiconductor products for a variety of applications across multiple industries.
- High-Performance Analog Markets - Expands into automotive, home and factory automation, data center, solar, wireless infrastructure, aerospace and defense, medical, smart energy, and wireless networking, leveraging scale and intellectual property to serve diverse markets.
| Name | Position | External Roles | Short Bio | Start Date | |
|---|---|---|---|---|---|
Liam K. Griffin ExecutiveBoard | Chairman of the Board | None | Joined SWKS in 2001. Held various leadership roles, including CEO (2016-2025) and President (2014-2025). Deep expertise in the semiconductor industry. | May 2021 (Chairman) | |
Philip Brace ExecutiveBoard | President and Chief Executive Officer | Board Member at BlackBerry Limited and Lantronix, Inc. | Extensive experience in semiconductors, IoT, and storage industries. Former CEO of Sierra Wireless and Executive Chairman of Inseego Corp.. | February 17, 2025 | View Report > |
Robert J. Terry Executive | Senior Vice President, General Counsel, and Secretary | None | Joined SWKS in 2003. Provides legal and strategic counsel, overseeing corporate governance and compliance. | November 2017 | |
Alan S. Batey Board | Director | None | Director since 2019. Former EVP and President of North America at General Motors. Expertise in strategic and operational matters. | 2019 | |
Christine King Board | Lead Independent Director | None | Director since 2014. Extensive management experience in the semiconductor industry. Former director at National Instruments and Vicor Corporation. | 2019 (Lead Independent) | |
David P. McGlade Board | Director | None | Director since 2005. Nearly four decades of experience in telecommunications. Former Chairman and CEO of Intelsat S.A.. | 2005 | |
Eric J. Guerin Board | Director | CFO of RB Global | Director since 2022. Financial and operational expertise with leadership roles at Veritiv, CDK Global, and Corning. | 2022 | |
Kevin L. Beebe Board | Director | President and CEO of 2BPartners, LLC; Founding Partner of Astra Capital Management; Board Member at SBA Communications and Frontier Communications Parent, Inc. | Director since 2004. Extensive experience in wireless telecommunications and private equity. | 2004 | |
Maryann Turcke Board | Director | Board Member at Frontier Communications Parent, Inc. and Royal Bank of Canada | Director since 2023. Former COO of the NFL and President of Bell Media. Extensive operational and management experience. | 2023 | |
Robert A. Schriesheim Board | Director | Chairman of Truax Partners LLC; Adjunct Associate Professor at University of Chicago Booth School of Business; Board Member at Houlihan Lokey, Inc. and Indivior PLC | Director since 2006. Expertise in capital markets, corporate transformations, and M&A transactions. | 2006 | |
Suzanne E. McBride Board | Director | COO of Iridium Communications; Board Member at Iridium Communications | Director since 2022. Extensive strategy and operations expertise in the wireless technology industry. Former COO of OneWeb. | 2022 |
- Despite reducing internal inventory for seven consecutive quarters, you anticipate gross margins to remain flat in fiscal '25; can you explain why margins aren't improving significantly and what specific actions you're taking to enhance profitability?
- With your largest customer accounting for approximately 69% of total revenue and showing strong sequential growth, how do you plan to mitigate the risks associated with high customer concentration and diversify your revenue base?
- Given your underrepresentation at Samsung and the shifting sands in the RFFE space, what are you doing differently to capture more market share with Samsung, and when can we expect to see tangible results from these efforts?
- Considering your strong free cash flow and substantial cash on the balance sheet, why hasn't there been a more aggressive approach to share repurchases, and how are you balancing potential M&A opportunities with returning capital to shareholders?
- You've mentioned continued under-shipment to natural demand in key areas like networking infrastructure, cloud, automotive, and industrial markets; what strategies are you implementing to address this mismatch and accelerate growth in these segments?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
Competes in the wireless communications semiconductor industry and other analog markets, which are highly competitive and characterized by pricing pressures, decreased gross margins, and rapid loss of market share. | |
Operates in the semiconductor industry, competing in wireless communications and analog markets, leveraging strong financial, technical, and market resources. | |
Engages in the analog and mixed-signal semiconductor markets, competing on product innovation, quality, and performance. | |
Competes in the semiconductor industry with a focus on analog and mixed-signal products, leveraging its established presence and resources. | |
Participates in the competitive semiconductor markets, focusing on analog and mixed-signal solutions and leveraging its technological capabilities. | |
Competes in the wireless communications and analog semiconductor markets, emphasizing innovation and strategic customer relationships. | |
Operates in the wireless communications semiconductor industry, leveraging its strong baseband partnerships and extensive product portfolio. | |
Engages in the analog and mixed-signal semiconductor markets, competing on product quality, innovation, and customer relationships. |
| Customer | Relationship | Segment | Details |
|---|---|---|---|
Apple | Major customer accounting for over 10% of net revenue annually | All | In fiscal 2024: 69% of net revenue. <br>In fiscal 2023: 66% of net revenue. <br>In fiscal 2022: 58% of net revenue. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Infrastructure and Automotive (I&A) business of Silicon Laboratories Inc. | 2021 | Deal Value & Structure: Completed as an all-cash transaction valued at $2.75 billion, financed through cash on hand, a $1.0 billion Term Loan Facility, and $1.5 billion in senior unsecured notes. Strategic Rationale & Business Fit: The acquisition aimed to accelerate expansion into high-growth segments—including electric/hybrid vehicles, industrial motor control, and 5G wireless—and to diversify revenue streams, making it immediately accretive to earnings. Key Capabilities & Integration: It included the transfer of approximately 350 employees, including senior management, to integrate Silicon Labs' I&A operations and tap into a combined market opportunity estimated at nearly $20 billion annually. |
Recent developments and announcements about SWKS.
Earnings
New Earnings (Q1 2025)
·Feb 5, 2025, 11:47 PMView full earnings summary →Skyworks warns of a 20-25% content cut at its largest customer starting Q4 FY25, hitting revenue into FY26. Meanwhile, broad markets expects double-digit Y/Y growth thanks to IoT and auto. Management remains focused on new product roadmaps to regain share.
8-K Filings
8-K Filing
·Feb 19, 2025, 9:34 PMFinancial ExhibitsRegulation FD DisclosureLeadership ChangesView full 8-K filing →Effective Feb 17, 2025, Philip Brace becomes CEO & President of Skyworks, succeeding Liam K. Griffin, who will assist the transition for three months. Additionally, Christine King is named Chairman of the Board.