SKYWORKS SOLUTIONS, INC.SWKS
SKYWORKS SOLUTIONS, INC. Segments Disclosure
14. SEGMENT INFORMATION AND CONCENTRATIONS
The Company has a single reportable operating segment which designs, develops, manufactures, and markets similar proprietary semiconductor products, including intellectual property. In reaching this conclusion, management considers the definition of the chief operating decision maker (“CODM”), how the business is defined by the CODM, the nature of the information provided to the CODM, and how that information is used to make operating decisions, allocate resources, and assess performance. The Company’s CODM is the president and chief executive officer. The results of operations provided to and analyzed by the CODM are at the consolidated level and accordingly, key resource decisions and assessment of performance are performed at the consolidated level. Specifically, the CODM uses net income that is reported on the Consolidated Statement of Operations and cash provided by operating activities as reported in the Consolidated Statements of Cash Flows to evaluate overall profitability and guide decisions regarding reinvestment in operations, shareholder returns, and other strategic initiatives. Significant expense categories regularly provided to and reviewed by the CODM are presented in the Company’s consolidated financial statements. The Company assesses its determination of operating segments at least annually.
Disaggregation of Revenue and Geographic Information
The Company presents net revenue by geographic area, based upon the location of the original equipment manufacturers’ (“OEMs”) headquarters, and by sales channel, as it believes that doing so best depicts how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. Individually insignificant OEMs are presented based upon the location of the Company’s direct customer, which is typically a distributor.
Net revenue by geographic area is as follows (in millions):
| Fiscal Years Ended | |||||||||||||||||
| October 3, 2025 | September 27, 2024 | September 29, 2023 | |||||||||||||||
| United States | $ | 3,157.1 | $ | 3,202.2 | $ | 3,603.9 | |||||||||||
| Taiwan | 259.1 | 317.5 | 344.4 | ||||||||||||||
| China | 254.2 | 303.4 | 358.3 | ||||||||||||||
| South Korea | 190.1 | 203.9 | 198.3 | ||||||||||||||
| Europe, Middle East, and Africa | 185.8 | 114.5 | 204.2 | ||||||||||||||
| Other Asia-Pacific | 40.6 | 36.5 | 63.3 | ||||||||||||||
| Total net revenue | $ | 4,086.9 | $ | 4,178.0 | $ | 4,772.4 | |||||||||||
Net revenue by sales channel is as follows (in millions):
| Fiscal Years Ended | |||||||||||||||||
| October 3, 2025 | September 27, 2024 | September 29, 2023 | |||||||||||||||
| Distributors | $ | 3,525.6 | $ | 3,622.6 | $ | 4,235.7 | |||||||||||
| Direct customers | 561.3 | 555.4 | 536.7 | ||||||||||||||
| Total net revenue | $ | 4,086.9 | $ | 4,178.0 | $ | 4,772.4 | |||||||||||
The Company’s revenue from external customers is generated principally from the sale of semiconductor products. Accordingly, the Company considers its product offerings to be similar in nature and therefore not segregated for reporting purposes.
Property, plant, and equipment, net based on the physical locations within the indicated geographic areas are as follows (in millions):
| As of | |||||||||||
| October 3, 2025 | September 27, 2024 | ||||||||||
| Japan | $ | 461.0 | $ | 526.1 | |||||||
| Mexico | 264.0 | 244.2 | |||||||||
| United States | 226.8 | 234.7 | |||||||||
| Singapore | 215.0 | 250.2 | |||||||||
| Rest of world | 27.8 | 25.1 | |||||||||
| Total property, plant, and equipment, net | $ | 1,194.6 | $ | 1,280.3 | |||||||
Concentrations
Financial instruments that potentially subject the Company to concentration of credit risk consist principally of trade accounts receivable. Trade accounts receivable are primarily derived from sales to manufacturers of communications and consumer products and electronic component distributors. The Company performs ongoing credit evaluations of customers.
During fiscal 2025, fiscal 2024, and fiscal 2023, Apple, through sales to multiple distributors, contract manufacturers, and direct sales for multiple applications including smartphones, tablets, desktop, and notebook computers, watches and other devices, in the aggregate accounted for 67%, 69%, and 66% of the Company’s net revenue, respectively.
The Company’s three largest accounts receivable balances comprised 82% and 80% of aggregate gross accounts receivable as of October 3, 2025 and September 27, 2024, respectively.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Nov 7, 2025 | Showing above |
| 2024 | Nov 15, 2024 | |
| 2023 | Nov 17, 2023 | |
| 2022 | Nov 23, 2022 | |
| 2021 | Nov 24, 2021 | |
| 2020 | Nov 17, 2020 | |
| 2019 | Nov 14, 2019 | |
| 2018 | Nov 15, 2018 | |
| 2017 | Nov 13, 2017 | |
| 2016 | Nov 22, 2016 | |
| 2015 | Nov 24, 2015 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.