Skyworks Solutions, Inc.

SWKS · NASDAQ · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986
Valuation
Market cap	$11,444	$15,788	$15,715	$13,681	$27,110	$24,284	$12,813	$15,002	$16,853	$12,593	$13,902	$10,343	$4,644	$4,378	$3,285	$3,614	$1,988	$1,209	$1,446	$827	$1,105	$1,493	$1,245	$655	$658	$1,521	$296	$165	$67	$93	$96	$23	$21	$18	$29	$21	$32	$29	$51	$73
Enterprise value	$11,273	$15,426	$16,489	$15,509	$28,503	$23,488	$11,758	$13,975	$15,236	$11,509	$12,819	$9,259	$4,133	$4,071	$2,900	$3,230	$1,747	$1,172	$1,498	$892	$1,155	$1,564	$1,396	$782	$544	$1,367	$168	$149	$63	$90	$102	$29	$26	$24	$33	$24	$33	$24	$49	$72
P/E (TTM) at period end	23.99×	26.49×	15.99×	10.73×	18.09×	29.80×	15.01×	16.34×	16.68×	12.65×	17.42×	22.60×	16.70×	21.68×	14.49×	26.32×	20.93×	10.89×	25.09×	–	43.16×	66.60×	–	–	–	45.57×	13.79×	7.66×	6.52×	–	34.20×	8.38×	–	–	22.08×	15.83×	–	285.63×	–	–
P/S (TTM) at period end	2.80×	3.78×	3.29×	2.49×	5.31×	7.24×	3.79×	3.88×	4.62×	3.83×	4.27×	4.51×	2.59×	2.79×	2.31×	3.37×	2.48×	1.41×	1.95×	1.07×	1.39×	1.90×	2.01×	1.43×	5.20×	5.60×	2.35×	1.30×	0.57×	1.09×	1.22×	0.30×	0.31×	0.25×	0.43×	0.31×	0.50×	0.44×	0.73×	1.04×
P/B at period end	1.99×	2.49×	2.58×	2.50×	5.12×	5.83×	3.11×	3.66×	4.15×	3.56×	4.40×	4.08×	2.21×	2.30×	2.04×	2.74×	1.79×	1.28×	1.84×	1.13×	1.39×	1.99×	1.85×	0.65×	2.20×	6.71×	1.47×	2.54×	1.41×	1.85×	3.16×	0.97×	0.60×	0.46×	0.75×	0.57×	0.63×	0.56×	0.95×	1.34×
EV / EBITDA (TTM)	14.48×	17.10×	10.90×	8.07×	14.66×	19.41×	9.28×	8.78×	10.29×	8.63×	10.81×	13.99×	9.86×	12.52×	8.17×	13.11×	15.05×	8.67×	14.66×	–	12.65×	18.69×	140.83×	–	–	24.13×	6.12×	5.41×	3.43×	–	12.48×	3.56×	–	9.30×	–	–	–	–	–	–
EV / Sales (TTM)	2.76×	3.69×	3.46×	2.83×	5.58×	7.00×	3.48×	3.61×	4.17×	3.50×	3.93×	4.04×	2.31×	2.60×	2.04×	3.01×	2.18×	1.36×	2.02×	1.15×	1.46×	1.99×	2.26×	1.71×	4.30×	5.03×	1.33×	1.18×	0.54×	1.06×	1.31×	0.37×	0.37×	0.35×	0.49×	0.37×	0.51×	0.37×	0.70×	1.02×
Returns
Return on equity	8.3%	9.4%	16.2%	23.3%	28.3%	19.6%	20.7%	22.4%	24.8%	28.1%	25.3%	18.1%	13.2%	10.6%	14.1%	10.4%	8.6%	11.8%	7.3%	(12.1%)	3.2%	3.0%	(67.1%)	(23.3%)	(6.1%)	14.7%	10.7%	33.1%	21.6%	(31.0%)	9.2%	11.5%	(31.9%)	(7.8%)	3.4%	3.6%	(29.6%)	0.2%	(1.5%)	(1.5%)
Return on invested capital	7.8%	9.7%	14.9%	18.0%	22.1%	21.6%	25.9%	27.0%	41.1%	37.7%	38.4%	31.6%	17.5%	12.7%	18.6%	15.1%	8.3%	9.8%	6.7%	(8.1%)	3.3%	4.0%	(4.0%)	(20.3%)	(9.3%)	17.4%	10.7%	32.5%	23.4%	(30.4%)	9.2%	11.3%	(12.3%)	(4.7%)	3.9%	4.2%	(27.5%)	(0.1%)	2.5%	2.5%
Dividend yield	3.8%	2.8%	2.6%	2.7%	1.3%	1.3%	2.1%	1.6%	1.3%	1.6%	0.9%	0.4%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Financial health
Current ratio	2.33×	5.54×	3.33×	2.63×	4.35×	5.17×	5.97×	5.80×	6.79×	9.52×	4.13×	4.80×	5.97×	4.83×	3.30×	3.87×	3.01×	3.33×	2.60×	2.40×	3.13×	2.56×	2.82×	1.54×	7.32×	6.94×	9.82×	2.93×	2.12×	2.94×	1.60×	1.68×	2.55×	3.10×	2.12×	2.12×	1.54×	3.43×	3.51×	3.51×
Debt / equity	0.17×	0.16×	0.21×	0.40×	0.42×	–	–	–	–	–	–	–	–	–	0.02×	0.06×	0.11×	0.20×	0.38×	0.31×	0.35×	0.37×	0.47×	0.18×	0.00×	0.00×	0.00×	0.04×	0.09×	0.15×	0.29×	0.31×	0.18×	0.19×	0.15×	0.16×	0.12×	0.12×	0.15×	0.15×
Effective tax rate	9.4%	6.3%	8.9%	13.6%	6.3%	8.6%	11.2%	31.1%	19.6%	17.1%	22.0%	19.0%	19.3%	20.8%	22.9%	29.6%	(36.2%)	(35.1%)	(1.6%)	(21.1%)	37.5%	15.1%	(1.2%)	7.7%	33.0%	32.3%	(6.3%)	(6.3%)	10.0%	–	15.2%	15.2%	(2.7%)	(7.1%)	40.9%	40.9%	5.6%	50.0%	42.9%	42.9%
Share count
Diluted shares outstanding	155	162	160	163	167	170	174	183	187	192	195	193	192	192	191	183	170	165	161	159	159	149	139	137	45	34	34	34	34	34	23	23	22	22	22	21	21	21	21	21

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986
Revenue and gross profit
Revenue	$4,014	$4,087	$4,178	$4,772	$5,486	$5,109	$3,356	$3,377	$3,868	$3,651	$3,289	$3,258	$2,292	$1,792	$1,569	$1,419	$1,072	$803	$860	$742	$774	$792	$784	$618	$458	$127	$272	$126	$126	$117	$85	$78	$78	$70	$70	$66	$66	$65	$66	$70	$70
Cost of revenue	($2,379)	($2,405)	($2,457)	($2,665)	($2,881)	($2,597)	($1,743)	($1,773)	($1,917)	($1,810)	($1,624)	($1,704)	($1,269)	($1,025)	($902)	($799)	($615)	($484)	($517)	($454)	($511)	($485)	($471)	($380)	($332)	($90)	($152)	($71)	($71)	($73)	($69)	($50)	($50)	($51)	($48)	($42)	($42)	($47)	($43)	($48)	($48)
Gross profit	$1,635	$1,682	$1,721	$2,107	$2,604	$2,512	$1,613	$1,604	$1,951	$1,842	$1,665	$1,554	$1,023	$767	$667	$620	$457	$318	$343	$287	$263	$308	$313	$237	$126	$37	$120	$55	$55	$44	$17	$28	$28	$19	$22	$24	$24	$18	$22	$22	$22
Operating expenses
Research and development	($847)	($786)	($632)	($607)	($618)	($532)	($464)	($424)	($404)	($355)	($312)	($303)	($252)	($226)	($212)	($169)	($134)	($124)	($146)	($126)	($164)	($152)	($153)	($152)	($133)	($42)	($36)	($13)	($13)	($10)	($10)	($4)	($4)	($3)	–	–	–	–	–	–	–
Selling, general and administrative	($438)	($372)	($301)	($314)	($330)	($322)	($231)	($198)	($208)	($205)	($196)	($191)	($179)	($160)	($158)	($137)	($118)	($100)	($100)	($95)	($136)	($103)	($98)	($80)	($50)	($28)	($43)	($23)	($23)	($22)	($20)	($16)	($16)	($16)	($19)	($16)	($16)	($28)	($17)	($14)	($14)
Total operating expenses	($1,330)	($1,182)	($1,083)	($982)	($1,077)	($900)	($721)	($652)	($631)	($588)	($546)	($531)	($458)	($422)	($412)	($325)	($257)	($247)	($253)	($229)	($329)	($258)	($271)	($271)	($378)	($70)	($79)	($36)	($36)	($32)	($32)	($24)	($24)	($24)	($24)	($21)	($21)	($33)	($22)	($20)	($20)
Total costs and expenses	($3,709)	($3,587)	($3,541)	($3,647)	($3,958)	($3,496)	($2,464)	($2,425)	($2,549)	($2,398)	($2,170)	($2,235)	($1,726)	($1,447)	($1,313)	($1,124)	($872)	($731)	($770)	($683)	($840)	($742)	($741)	($651)	($709)	($159)	($231)	($107)	($107)	($105)	($101)	($74)	($74)	($75)	($72)	($64)	($64)	($80)	($66)	($68)	($68)
Operating income	$305	$500	$637	$1,125	$1,527	$1,613	$892	$952	$1,319	$1,254	$1,119	$1,023	$565	$345	$256	$295	$200	$72	$90	$58	($66)	$50	$43	($34)	($251)	($33)	$41	$20	$20	$12	($15)	$4	$4	($5)	($2)	$3	$3	($15)	($0)	$2	$2
Earnings
EBITDA	$594	$779	$902	$1,513	$1,921	$1,945	$1,210	$1,267	$1,592	$1,481	$1,333	$1,185	$662	$419	$325	$355	$246	$116	$135	$102	($24)	$91	$84	$10	($191)	($12)	$57	$27	$27	$18	($9)	$8	$8	($0)	$3	–	–	–	–	–	–
Interest income	–	–	–	–	–	$1	$10	$19	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($27)	($27)	($31)	($64)	($48)	($13)	–	–	–	–	–	–	–	–	($1)	($2)	($4)	($8)	($16)	–	–	–	–	–	–	–	–	$1	–	–	–	($1)	–	–	–	($1)	–	–	–	($6)	–
Pre-tax income	$326	$527	$636	$1,079	$1,477	$1,599	$892	$961	$1,332	$1,257	$1,201	$1,024	$565	$344	$255	$294	$195	$70	$82	$57	($73)	$41	$26	($54)	($256)	($27)	$49	$20	$20	$11	($16)	$3	$3	($11)	($3)	$2	$2	($16)	$0	($1)	($1)
Income tax expense	($36)	($50)	($40)	($96)	($201)	($100)	($77)	($107)	($414)	($247)	($205)	($225)	($108)	($66)	($53)	($67)	($58)	$25	$29	$1	($15)	($15)	($4)	($1)	$20	$9	($16)	$1	$1	($1)	–	($0)	($0)	($0)	($0)	($1)	($1)	$1	($0)	$1	$1
Net income	$290	$477	$596	$983	$1,275	$1,498	$815	$854	$918	$1,010	$995	$798	$458	$278	$202	$227	$137	$95	$111	$58	($88)	$26	$22	($451)	($236)	($18)	$33	$21	$21	$10	($16)	$3	$3	($12)	($3)	$1	$1	($15)	$0	($1)	($1)
Per share
Diluted EPS (GAAP)	$1.93	$3.08	$3.69	$6.13	$7.81	$8.97	$4.80	$4.89	$5.01	$5.41	$5.18	$4.10	$2.38	$1.45	$1.05	$1.19	$0.75	$0.56	$0.67	$0.36	($0.55)	$0.16	$0.15	($3.24)	($1.72)	($0.41)	$0.72	$0.63	$0.30	$0.30	($0.46)	$0.12	$0.12	($0.13)	($0.13)	$0.0584	$0.06	($0.70)	–	($0.0373)	($0.042)
Basic EPS (GAAP)	$1.95	$3.09	$3.72	$6.17	$7.85	$9.07	$4.84	$4.92	$5.06	$5.48	$5.27	$4.21	$2.44	$1.48	$1.09	$1.24	$0.78	$0.57	$0.69	$0.36	($0.55)	$0.16	$0.15	($3.24)	($1.72)	($0.42)	$0.74	$0.65	$0.31	$0.31	($0.47)	$0.12	$0.12	($0.13)	($0.13)	$0.0584	$0.06	($0.70)	–	($0.0373)	($0.042)
Basic shares outstanding	151	154	160	159	162	165	168	174	181	184	189	190	187	188	186	183	175	167	162	160	159	157	149	139	137	43	33	33	33	33	33	23	23	22	22	22	21	21	21	21	21
Margins
Gross margin	40.7%	41.2%	41.2%	44.2%	47.5%	49.2%	48.1%	47.5%	50.4%	50.4%	50.6%	47.7%	44.6%	42.8%	42.5%	43.7%	42.6%	39.6%	39.9%	38.7%	33.9%	38.8%	39.9%	38.4%	27.6%	29.2%	44.2%	43.7%	43.7%	37.7%	19.6%	35.9%	35.9%	27.4%	31.4%	36.0%	36.0%	27.8%	34.2%	31.1%	31.1%
Operating margin	7.6%	12.2%	15.3%	23.6%	27.8%	31.6%	26.6%	28.2%	34.1%	34.3%	34.0%	31.4%	24.7%	19.3%	16.3%	20.8%	18.6%	8.9%	10.5%	7.9%	(8.6%)	6.3%	5.4%	(5.4%)	(54.9%)	(25.9%)	15.0%	15.5%	15.5%	10.0%	(18.0%)	5.1%	5.1%	(7.1%)	(3.0%)	4.2%	4.2%	(23.5%)	(0.2%)	3.3%	3.3%
Net margin	7.2%	11.7%	14.3%	20.6%	23.2%	29.3%	24.3%	25.3%	23.7%	27.7%	30.3%	24.5%	20.0%	15.5%	12.9%	16.0%	12.8%	11.8%	12.9%	7.8%	(11.4%)	3.2%	2.9%	(73.1%)	(51.6%)	(14.5%)	12.3%	17.0%	17.0%	8.8%	(18.3%)	3.6%	3.6%	(16.4%)	(4.3%)	2.0%	2.0%	(23.3%)	0.2%	(1.1%)	(1.1%)

Analyst consensus

Buy60 analysts

Bearish · 2 · Hold · 22 · Bullish · 36

Earnings history

	EPS	Estimate
Q4 2024	$1.55	$1.52	Beat
Q1 2025	$1.60	$1.57	Beat
Q2 2025	$1.24	$1.20	Beat
Q3 2025	$1.33	$1.24	Beat
Q4 2025	$1.76	$1.52	Beat
Q1 2026	$1.54	$1.40	Beat
Q2 2026	$1.15	$1.04	Beat
Q3 2026	$1.08	$1.03	Beat

Peers

Company overview

IPO dateSep 7, 1984

CEOPhilip G. Brace

Employees10,000

SectorTechnology

IndustrySemiconductors

CountryUS

ExchangeNASDAQ

Websitewww.skyworksinc.com

Skyworks Solutions, Inc., together with its subsidiaries, develops, manufactures, and markets analog and mixed-signal semiconductor products and solutions in the United States, Taiwan, China, South Korea, Europe, the Middle East, Africa, and the Asia Pacific. The company offers amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, wireless ASoC, DC/DC converters, demodulators, detectors, digital power isolators, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, and optocouplers/optoisolators. It also provides phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, ProSLIC family of subscriber line interface circuits, receivers, system in package, switches, synthesizers, timing devices, voltage-controlled oscillators/synthesizers, and voltage regulators. The company sells its products through direct sales force, electronic component distributors, and independent sales representatives. Its products are used in aerospace, automotive, broadband, cellular infrastructure, connected home, defense, entertainment and gaming, industrial, medical, smartphone, tablet, and wearables applications. The company was founded in 1962 and is headquartered in Irvine, California.

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