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.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
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. | |
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.. | 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. | |
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. | |
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. | |
David P. McGlade Board | Director | None | Director since 2005. Nearly four decades of experience in telecommunications. Former Chairman and CEO of Intelsat S.A.. | |
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. | |
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. | |
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. | |
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. | |
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. |
- 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?
Research analysts who have asked questions during SKYWORKS SOLUTIONS earnings calls.
Edward Snyder
Charter Equity Research
4 questions for SWKS
Christopher Rolland
Susquehanna Financial Group
3 questions for SWKS
Karl Ackerman
BNP Paribas
3 questions for SWKS
Peter Peng
Evercore ISI
3 questions for SWKS
Timothy Arcuri
UBS
3 questions for SWKS
Nick Doyle
Needham & Company
2 questions for SWKS
Nicolas Doyle
Needham & Company, LLC
2 questions for SWKS
Vivek Arya
Bank of America Corporation
2 questions for SWKS
Chris Caso
Wolfe Research LLC
1 question for SWKS
Christopher Caso
Wolfe Research
1 question for SWKS
Gary Mobley
Loop Capital
1 question for SWKS
Harsh Kumar
Piper Sandler & Co.
1 question for SWKS
Joe Moore
Morgan Stanley
1 question for SWKS
Krish Sankar
TD Cowen
1 question for SWKS
Kris Sankar
TD Cowen
1 question for SWKS
Liam Pharr
Bank of America Securities
1 question for SWKS
Michael Mani
Bank of America
1 question for SWKS
Ruben Roy
Stifel Financial Corp.
1 question for SWKS
Sam Feldman
BNP Paribas
1 question for SWKS
Sreekrishnan Sankarnarayanan
Wolfe Research, LLC
1 question for SWKS
Srinivas Pajjuri
Raymond James & Associates, Inc.
1 question for SWKS
Thomas O’Malley
Barclays Capital
1 question for SWKS
Toshiya Hari
Goldman Sachs Group, Inc.
1 question for SWKS
Vijay Rakesh
Mizuho
1 question for SWKS
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. In fiscal 2023: 66% of net revenue. 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 press releases and 8-K filings for SWKS.
- Skyworks will acquire Qorvo in a deal valuing Qorvo shareholders at $32.50 in cash and 0.960 Skyworks shares, resulting in approximately 63%/37% pro forma ownership for Skyworks/Qorvo shareholders.
- The combined company will have $7.7 billion in pro forma revenue and $2.1 billion in adjusted EBITDA, and the transaction is expected to be immediately and meaningfully accretive to non-GAAP EPS.
- Management anticipates $500 million or more in annual cost synergies within 24–36 months, financed by ~$1.2 billion of new debt and existing cash, targeting ~1.0x net leverage at close.
- Closing is expected in early 2027, subject to shareholder and regulatory approvals.
- Skyworks and Qorvo will combine to form a U.S.-based RF/analog/mixed-signal semiconductor leader with a combined enterprise value of $22 billion; existing shareholders to own approximately 63% (Skyworks) / 37% (Qorvo), and Qorvo shareholders will receive 0.96 Skyworks shares plus $32.50 cash per share.
- The merged entity will command $7.7 billion in revenue and $2.1 billion in adjusted EBITDA, including a $5.1 billion mobile business and a $2.6 billion broad markets platform spanning defense, aerospace, IoT, AI data center, and automotive.
- Leadership expects at least $500 million of annual cost synergies within 24–36 months, driven primarily by SG&A consolidation and manufacturing-footprint optimization.
- The deal, unanimously approved by both boards, is targeted to close in early 2027, subject to regulatory (e.g., HSR, SAMR), shareholder and customary closing conditions.
- Skyworks delivered Q4 revenue of $1.10 B, GAAP diluted EPS of $1.07 and Non-GAAP diluted EPS of $1.76.
- For FY25, Skyworks reported $4.09 B in revenue, GAAP diluted EPS of $3.20 and Non-GAAP diluted EPS of $5.93.
- Q4 operating cash flow was $200 M with free cash flow of $144 M.
- Declared a quarterly cash dividend of $0.71 per share.
- Announced a definitive agreement to combine with Qorvo, creating a $22.1 B U.S.-based RF and analog leader, expected to close in early 2027.
- Skyworks and Qorvo entered a definitive cash-and-stock agreement valuing the combined enterprise at $22 billion, with pro forma LTM revenue of $7.7 billion and Adjusted EBITDA of $2.1 billion.
- Qorvo shareholders will receive $32.50 in cash and 0.960 Skyworks shares per Qorvo share, resulting in 63 percent Skyworks and 37 percent Qorvo ownership on a fully diluted basis.
- The deal is expected to be immediately accretive to non-GAAP EPS and deliver $500 million+ of annual cost synergies within 24–36 months post-close.
- Closing is targeted for early calendar year 2027, subject to regulatory and shareholder approvals, and will be funded with cash on hand plus debt financing commitments from Goldman Sachs Bank USA.
- CEO Phil Brace highlights Skyworks’s deep RF engineering talent and $1 billion+ non-mobile business—with higher-than-average margins in WiFi, automotive and IoT—as a key diversification opportunity.
- Mobile demand remains strong, driven by low channel inventories and robust iPhone 16 sell-through, with content losses already baked into February’s guidance.
- Brace cites four major tailwinds for handset growth: longer device refresh cycles, competitive socket wins, internal modem shifts boosting MIMO content, and rising RF complexity at higher frequency bands.
- Strategy is to “walk and chew gum”—execute on mobile while growing non-mobile platforms—and pursue accretive, technology-adjacent M&A to diversify beyond handset cyclicality.
- Operational improvements include consolidating manufacturing sites to enhance fixed-cost leverage, lower CapEx and support targeted R&D investments in advanced technologies.
- Skyworks reported Q3 2025 revenue of $965 M, diluted EPS of $1.33, gross margin of 47.1%, and free cash flow of $253 M.
- Mobile revenue accounted for 62% of total, up 1% sequentially and 8% year-over-year; Broad Markets grew 2% sequentially and 5% year-over-year.
- Returned $430 M to shareholders in the quarter (dividends of $104 M and repurchases of $330 M), totaling over $1 B in the past two quarters; ended with $1.3 B in cash and $1.0 B in debt.
- Q4 guidance calls for revenue of $1.00–1.03 B, gross margin ~47% ± 50 bps, OpEx of $235–245 M (including a 14th week), tax rate of 13%, implying EPS of ~$1.40 at midpoint.
- Announced closure of the Woburn manufacturing facility to consolidate operations at Newbury Park, aiming to improve fab utilization and margins over time.
- Johnson Fistel, PLLP is investigating potential violations of federal and state securities laws by officers and directors of Skyworks Solutions, Inc.
- A class action lawsuit was filed on March 4, 2025, in the U.S. District Court for the Central District of California on behalf of investors who purchased Skyworks shares during the class period
- The complaint alleges Skyworks made materially false and misleading statements by concealing adverse facts about its client base—specifically, that its longstanding relationship with Apple did not guarantee continued business for an anticipated iPhone launch—and overstated its ability to capitalize on AI in the smartphone upgrade cycle
- Long-term shareholders may seek accountability and governance reform against the company’s officers and directors
- Interim CFO Appointment: On May 29, 2025, the Board appointed Robert A. Schriesheim as the interim Chief Financial Officer, with a base salary of $625,000 per year and a RSU award calculated based on a $1,200,000 value, effective immediately.
- CFO Candidate Withdrawal: The appointment follows the withdrawal of the previously expected CFO, Mark P. Dentinger, due to an unforeseen medical condition, prompting the initiation of a search for a permanent replacement.
- Q2 Fiscal 2025 Financial Results: Skyworks reported net revenue of $953 million with GAAP diluted EPS of $0.43 and non-GAAP diluted EPS of $1.24.
- Cash Flow & Share Returns: Generated $371 million in free cash flow and returned over $600 million to shareholders via share repurchases and dividends.
- CFO Transition: Longtime CFO Kris Sennesael departed with Mark P. Dentinger named Senior VP & CFO effective June 2, 2025; CEO Philip G. Brace will serve as interim principal financial officer.
- Leadership & Strategy Update: CEO Brace highlighted strong innovation in diversified segments including mobile, automotive, and WiFi 7, emphasizing ongoing investments in technology.
- Q3 Guidance: The company projects Q3 revenue between $920 million and $960 million, reflecting seasonal trends and sequential growth.
- Sales Leadership Appointment: Todd J. Lepinski has been named Senior VP, Sales and Marketing, succeeding Carlos S. Bori.
- Media Inquiries: Contact Constance Griffiths at (949) 230-4867 or [email protected].