Skyworks Solutions, Inc. (NASDAQ:SWKS) Q1 2024 Results Conference Call January 30, 2024 4:30 PM ET Company Participants Raji Gill - Vice President, Investor Relations Liam Griffin - CEO, President & Chairman of the Board Kris Sennesael - Senior VP & CFO Conference Call Participants Matt Ramsay - Cowen and Company Chris Caso - Wolfe Research Christopher Rolland - Susquehanna Edward Snyder - Charter Equity Research Gary Mobley - Wells Fargo Karl Ackerman - BNP Paribas Blake Friedman - Bank of America Securiti ...

Skyworks Solutions (SWKS) came out with quarterly earnings of $1.97 per share, beating the Zacks Consensus Estimate of $1.95 per share. This compares to earnings of $2.59 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.03%. A quarter ago, it was expected that this chipmaker would post earnings of $2.10 per share when it actually produced earnings of $2.20, delivering a surprise of 4.76%.Over the last four quarters, the compa ...

IRVINE, Calif.--(BUSINESS WIRE)--Skyworks Solutions, Inc. (Nasdaq: SWKS), an innovator of high-performance analog and mixed-signal semiconductors connecting people, places and things, today reported first fiscal quarter results for the period ended Dec. 29, 2023. Revenue for the first fiscal quarter of 2024 was $1.202 billion. On a GAAP basis, operating income for the first fiscal quarter was $258.3 million with diluted earnings per share of $1.44. On a non-GAAP basis, operating income was $365.7 million ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q For the transition period from __________to__________ Commission file number 001-05560 Skyworks Solutions, Inc. (Exact name of registrant as specified in its charter) Delaware 04-2302115 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ...

sankai Skyworks Solutions Inc. (NASDAQ:SWKS) is an analog and mixed-signal semiconductor company focusing on cellular system solutions that enable wireless connectivity. Founded in 1962, Skyworks Solutions is now a $17 billion (by market cap) tech titan that employs nearly 10,000 people. Approximately two-thirds of the company’s revenue comes from the US, whereas the other one-third is derived from international markets (primarily China, Taiwan, and South Korea). This is a global company with 18 design ...

Key PointsThe industry seems to be returning from the shortages it experienced during the COVID-19 pandemic.Here is what that means on the face of a potential FED interest rate cut: which stocks are set to do well versus which ones aren't.Amid this mix, one name sticks out like a sore thumb to bring you fantastic value at a discount.5 stocks we like better than VanEck Semiconductor ETFThe market, and most investors and traders, had become bearish regarding semiconductor and chip stocks. You can’t really bla ...

IRVINE, Calif.--(BUSINESS WIRE)--Skyworks Solutions, Inc. (Nasdaq: SWKS), an innovator of highperformance analog and mixed signal semiconductors connecting people, places and things, will host a conference call with analysts to discuss its first quarter fiscal 2024 results and business outlook on Jan. 30, 2024, at 4:30 p.m. EST. After the close of the market on Jan. 30, and prior to the conference call, Skyworks will issue a copy of the earnings press release via Business Wire. The press release may also be ...

LAS VEGAS--(BUSINESS WIRE)--Skyworks Solutions, Inc. (Nasdaq: SWKS) is demonstrating a wide array of its latest high-performance products supporting automotive and smart city utility applications at the Consumer Electronics Show (CES). Show attendees will be able to explore Skyworks’ fully integrated front-end module (FEM) technology designed to provide the radio frequency transmission range extension needed in smart cities of the future and on the road. On the automotive front, Skyworks will showcase a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 29, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________to__________ Commission file number 001-05560 Skyworks Solutions, Inc. (Exact name of registrant as specified in its charter) Delaware 04-2302115 (State or other j ...

Financial Data and Key Metrics Changes - Skyworks reported revenue of $1,219 million for Q4 2023, a 14% increase sequentially and slightly above the midpoint of their outlook [12] - Earnings per share (EPS) for the quarter was $2.20, exceeding guidance by $0.10 [13] - Operating cash flow for the quarter was $366 million, with free cash flow for the fiscal year exceeding $1.6 billion, reflecting a robust business model [5][14] Business Line Data and Key Metrics Changes - Mobile business accounted for approximately 65% of total revenue, increasing by 25% sequentially, driven by new high-performance solutions [12] - Broad markets represented about 35% of total revenue, down 3% sequentially due to inventory digestion [12][13] Market Data and Key Metrics Changes - The Android market is showing modest improvement in excess supply conditions, but Skyworks continues to under ship to natural demand as the industry rebalances [6] - Demand in broad markets is softer, particularly in consumer and durable sectors, as customers adjust to normalize lead times and reduce excess inventory [6] Company Strategy and Development Direction - Skyworks is focusing on expanding RF content in mobile and broad markets, anticipating growth driven by trends such as 6G, IoT devices, and automotive electrification [7][8] - The company is strategically managing inventory levels and making investments in growth areas to diversify its business reach [6][9] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about long-term trends in sectors like IoT, automotive, and AI, despite current macroeconomic headwinds [5][11] - The company expects revenue for Q1 of fiscal 2024 to be between $1,175 million and $1,225 million, with mobile business showing momentum while broad markets continue to digest excess inventory [16] Other Important Information - Skyworks reduced internal inventory by $116 million during Q4, aiming to bring it below $1 billion by the end of December [13] - The company paid $108 million in dividends and repaid $200 million of its term loan, maintaining a strong capital structure [15] Q&A Session Summary Question: Guidance for December quarter and details on mobile and broad markets - Management expects mobile business to increase sequentially while broad markets will continue to see declines due to inventory digestion [18] Question: Inventory correction status in mobile and broad markets - Management indicated that mobile has clear opportunities, while broad markets are experiencing inventory issues that are being addressed [20] Question: Opportunities in the Android market and impact of Huawei - Management sees growth potential in the Android market, particularly with the VOX ecosystem, and does not view Huawei as a significant threat [22] Question: Thoughts on M&A given strong free cash flow - Management highlighted a clean balance sheet and strong free cash flow, providing optionality for both organic investments and potential acquisitions [24] Question: Performance in automotive and industrial markets - Management reported strong growth in automotive, leveraging past acquisitions, and sees significant opportunities in this sector [26] Question: Capital expenditures and operational efficiencies - Management noted a focus on operational efficiencies, expecting capital intensity to moderate in the coming years [29] Question: Content growth expectations - Management aims to continue growing content and diversifying technology offerings across various markets [31] Question: Seasonal trends in mobile revenue - Management confirmed that mobile revenue typically sees a 20%-25% decline in the March quarter [37] Question: Competitive landscape in the China smartphone market - Management acknowledged the complexity of the China market but expressed confidence in their positioning and design wins [50]