SKYWORKS SOLUTIONS, INC.

Listed Company

SWKSCIK 0000004127NasdaqLarge AcceleratedSemiconductors & Related DevicesDelawareFY ends Oct 2

Period

FY 2025

Revenue

$4.09B

Net Income

$477.10M

Total Assets

$7.92B

Equity

$5.76B

Shares Out

150.37M

Op. Cash Flow

$1.30B

Business

SKYWORKS SOLUTIONS, INC. develops, manufactures, and provides analog and mixed-signal semiconductor products and solutions for a broad range of wireless and high-performance applications. Its main products include RF front-end modules, amplifiers, filters (SAW/TC-SAW/BAW), antenna tuners, timing devices, power isolators, DC/DC converters, system-in-package modules, and related mixed-signal components. The company organizes around product and technology offerings that address cellular (including 5G), Wi‑Fi, GPS/Bluetooth, power management, and automotive/industrial solutions. It sells globally through a direct sales force, electronic distributors, and independent representatives, with engineering, manufacturing, sales, and service operations in Asia, Europe, and North America.

Summary from filing dated 2025-11-07

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Net revenue	4,087	4,178	4,772	5,486	5,109
Cost of goods sold	2,405	2,457	2,665	2,881	2,597
Gross profit	1,682	1,721	2,107	2,604	2,512
Research and development	786	632	607	618	532
Selling, general, and administrative	372	301	314	330	323
Amortization of intangibles	900,000	900,000	33	99	36
Restructuring, impairment, and other charges	24	150	28	31	9
Total operating expenses	1,182	1,083	982	1,077	900
Operating income	500	637	1,125	1,527	1,613
Interest expense	−27	−31	−64	−48	13
Other income, net	54	30	18	−3	−600,000
Income before income taxes	527	636	1,079	1,477	1,599
Provision for income taxes	50	40	96	201	100
Net income	477	596	983	1,275	1,498
Basic (in dollars per share)	3.09	3.72	6.17	7.85	9.07
Diluted (in dollars per share)	3.08	3.69	6.13	7.81	8.97
Basic (in shares)	154	160	159	162	165
Diluted (in shares)	155	162	160	163	167
Common stock, dividends declared (in dollars per share)	2.81	2.74	2.54	2.3	2.06

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Cash and cash equivalents	1,161	1,369	719	566	883
Marketable securities, current	213	194	16	20	137
Receivables, net of allowances of $0.9 and $0.9, respectively	598	509	864	1,094	756
Inventory	755	785	1,120	1,212	885
Other current assets	350	485	461	338	204
Total current assets	3,077	3,341	3,180	3,230	2,865
Property, plant, and equipment, net	1,195	1,280	1,390	1,605	1,502
Operating lease right-of-use assets	192	192	205	223	166
Goodwill	2,177	2,177	2,177	2,177	2,177
Intangible assets, net	809	901	1,222	1,445	1,699
Deferred tax assets, net	376	304	192	53	120
Marketable securities, noncurrent	14	11	4	500,000	7
Other long-term assets	78	78	57	142	56
Total assets	7,917	8,283	8,427	8,874	8,591
Accounts payable	236	172	159	274	236
Accrued compensation and benefits	181	128	94	114	135
Current portion of long-term debt	499	0	299	499	0
Other current liabilities	407	303	403	339	287
Total current liabilities	1,323	603	956	1,227	659
Long-term debt	496	994	993	1,690	2,236
Long-term tax liabilities	86	128	163	—	—
Long-term operating lease liabilities	171	186	189	207	145
Other long-term liabilities	84	36	44	68	32
Total liabilities	2,160	1,947	2,344	3,405	3,294
Preferred stock, no par value: 25.0 shares authorized, no shares issued	0	0	0	0	0
Common stock, $0.25 par value: 525.0 shares authorized; 148.7 shares issued and outstanding at October 3, 2025, and 159.9 shares issued and outstanding at September 27, 2024	37	40	40	40	41
Additional paid-in capital	68	269	172	12	80
Retained earnings	5,657	6,033	5,876	5,422	5,186
Accumulated other comprehensive loss	−5	−6	−6	−5	−8
Total stockholders equity	5,757	6,337	6,083	5,469	5,297
Total liabilities and stockholders equity	7,917	8,283	8,427	8,874	8,591

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Share-based compensation	232	180	185	195	192
Depreciation	279	265	388	394	332
Amortization of intangible assets	184	187	226	296	105
Deferred income taxes	−56	−108	−151	68	−60
Asset impairment charges	0	148	65	21	7
Amortization of debt discount and issuance costs	2	3	4	4	1
Other, net	−11	−9	−4	−2	200,000
Receivables, net	−89	355	230	−338	−398
Inventory	42	330	91	−337	−41
Accounts payable	67	10	−87	31	60
Other current and long-term assets and liabilities	174	−132	−73	−184	−76
Net cash provided by operating activities	1,301	1,825	1,856	1,425	1,772
Capital expenditures	−195	−157	−210	−489	−638
Purchased intangibles	−30	−26	−26	−20	−14
Purchases of marketable securities	−634	−271	−289	−97	−501
Sales and maturities of marketable securities	618	87	294	220	771
Other	6	12	7	8	0
Net cash used in investing activities	−234	−356	−224	−379	−3,133
Repurchase of common stock - payroll tax withholdings on equity awards	−44	−36	−36	−89	−55
Repurchase of common stock - stock repurchase program	−830	−77	−175	−887	−196
Dividends paid	−433	−439	−405	−373	−341
Net proceeds from exercise of stock options	0	1	5	6	12
Proceeds from employee stock purchase plan	33	33	32	29	25
Payments of debt	0	−300	−900	−50	−250
Net cash used in financing activities	−1,274	−819	−1,479	−1,363	1,677
Net increase (decrease) in cash and cash equivalents	−207	650	153	−317	316
Income taxes paid	147	181	229	230	184
Interest paid	25	28	62	44	2
Incentives paid in common stock	0	1	19	32	28
Non-cash investing in purchased intangibles, accrued but not paid	77	5	200,000	—	—
Non-cash investing in capital expenditures, accrued but not paid	35	35	12	43	29

Filings

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