SKYWORKS SOLUTIONS (SWKS) Company Report

Skyworks delivered Q4 FY2025 revenue of $1.1 billion and diluted EPS of $1.76; mobile constituted 65% of sales (up 21% QoQ) and broad markets grew 3% QoQ; gross margin was 46.5%, net income was $264 million.
For fiscal 2025, the company generated $1.3 billion of operating cash flow and $1.1 billion of free cash flow (27% margin) on $195 million of capex; ended Q4 with $1.4 billion in cash/investments and $1.0 billion in debt.
Q1 FY2026 guidance: revenue $975 million–$1.025 billion, diluted EPS of $1.40 at midpoint; mobile expected to decline low-to-mid teens sequentially, broad markets to rise slightly, with gross margin of 46–47% and OpEx of $230–$240 million.
Appointed Philip Carter as CFO and announced a transformative agreement to combine with Corvo, aiming to add scale and diversification to its wireless portfolio.

Nov 4, 2025, 9:30 PM

Transcript

Skyworks reports Q4 FY2025 results

SWKS

Earnings

Guidance Update

M&A

Posted $1.1 billion revenue and $1.76 EPS; delivered 46.5% gross margin and $1.1 billion free cash flow (27% FCF margin) in FY2025.
Mobile represented 65% of Q4 revenue, up 21% sequentially and 7% year-over-year; broad markets grew 3% sequentially and 7% YoY, led by edge IoT, automotive, and data center.
Provided Q1 FY2026 outlook of $975 M–$1.025 B revenue, 46%–47% gross margin, and $1.40 diluted EPS at midpoint; expects mobile to decline low-mid teens and broad markets to rise slightly sequentially.
Announced a transformative combination with Corvo to enhance scale, diversification, and expand its complementary wireless product portfolio upon closing.
Appointed Philip Carter as CFO and added a new head of global sales to strengthen customer-focused execution.

Nov 4, 2025, 9:30 PM

Transcript

Skyworks Solutions reports Q4 FY2025 results

SWKS

Earnings

Guidance Update

M&A

Skyworks delivered $1.1 billion in revenue and $1.76 non-GAAP EPS in Q4 FY2025.
For full FY2025, the company generated $1.1 billion of free cash flow (27% margin), ending the quarter with $1.4 billion in cash and investments and $1 billion in debt.
Q1 FY2026 guidance calls for $975 million–$1.025 billion in revenue, 46–47% gross margin, and $1.40 EPS at the midpoint.
Announced agreement to combine with Corvo, aiming to reduce customer concentration and broaden technology portfolio.
Appointed Philip Carter as CFO and streamlined sales and marketing to enhance customer focus and engineering alignment.

Nov 4, 2025, 9:30 PM

Transcript

Skyworks Solutions reports Q4 FY2025 earnings and guidance

SWKS

Earnings

Guidance Update

Dividends

Revenue of $1.10 billion in Q4 FY2025; GAAP diluted EPS of $0.94 and non-GAAP diluted EPS of $1.76 (period ended Oct. 3, 2025).
Full-year operating cash flow of $1.30 billion and free cash flow of $1.11 billion for FY2025.
Q1 FY2026 guidance: revenue of $975 million–$1,025 million and non-GAAP diluted EPS of $1.40 at midpoint.
Board declared a cash dividend of $0.71 per share, payable Dec. 9, 2025, to holders of record Nov. 18, 2025.

Nov 4, 2025, 9:08 PM

8-K

Skyworks announces merger agreement with Qorvo

SWKS

M&A

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.

Oct 28, 2025, 12:00 PM

Presentation

Skyworks and Qorvo to merge in $22B deal

SWKS

M&A

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.

Oct 28, 2025, 12:00 PM

Transcript

Skyworks announces preliminary Q4 and FY25 results

SWKS

Earnings

Dividends

M&A

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.

Oct 28, 2025, 11:09 AM

8-K

Skyworks announces merger with Qorvo to create $22 billion RF leader

SWKS

M&A

Debt Issuance

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.

Oct 28, 2025, 11:04 AM

8-K

Skyworks outlines strategic focus at KeyBanc forum

SWKS

M&A

New Projects/Investments

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.

Aug 12, 2025, 10:00 PM

Skyworks reports Q3 2025 results

SWKS

Earnings

Guidance Update

Share Buyback

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.

Aug 5, 2025, 11:35 PM

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