SKYWORKS SOLUTIONS, INC. SWKS
Skyworks Solutions, Inc., together with its consolidated subsidiaries ("Skyworks" or the "Company"), is a leading developer, manufacturer and provider of analog and mixed-signal semiconductor products and solutions for numerous applications, including aerospace, automotive, broadband, cellular infrastructure, connected home, defense, entertainment and gaming, industrial, medical, smartphone, tablet, and wearables.
Over the past two decades, Skyworks has made important investments to address key network technologies, from cellular to advanced Wi-Fi®, enhanced GPS, and Bluetooth®, among others. Capitalizing on both organic growth and strategic acquisitions, we are targeting high-growth verticals, while at the same time, seeking to diversify our revenue and customer set.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.09B | $4.18B | $4.77B | $5.49B | $5.11B | $3.36B | $3.38B | $3.87B | $3.65B | $3.29B |
| Cost of revenue | $2.40B | $2.46B | $2.67B | $2.88B | $2.60B | $1.74B | $1.77B | $1.92B | $1.81B | $1.62B |
| Gross profit | $1.68B | $1.72B | $2.11B | $2.60B | $2.51B | $1.61B | $1.60B | $1.95B | $1.84B | $1.67B |
| R&D | $785.5M | $631.7M | $606.8M | $617.9M | $532.3M | $464.1M | $424.1M | $404.5M | $355.2M | $312.4M |
| SG&A | $371.5M | $300.8M | $314.0M | $329.8M | $322.5M | $231.4M | $198.3M | $207.8M | $204.6M | $195.9M |
| Total operating expenses | $1.18B | $1.08B | $982.3M | $1.08B | $899.7M | $721.1M | $651.8M | $631.4M | $588.0M | $546.5M |
| Operating income | $500.0M | $637.4M | $1.12B | $1.53B | $1.61B | $891.8M | $952.0M | $1.32B | $1.25B | $1.12B |
| Interest expense | $27.1M | $30.7M | $64.4M | $47.9M | $13.4M | $0 | $0 | — | — | — |
| Pre-tax income | $526.7M | $636.4M | $1.08B | $1.48B | $1.60B | $891.7M | $961.0M | $1.33B | $1.26B | $1.20B |
| Income tax | $49.6M | $40.4M | $96.0M | $201.4M | $100.4M | $76.9M | $107.4M | $413.7M | $246.8M | $205.4M |
| Net income | $477.1M | $596.0M | $982.8M | $1.28B | $1.50B | $814.8M | $853.6M | $918.4M | $1.01B | $995.2M |
| EPS, basic | 3.09 | 3.72 | 6.17 | 7.85 | 9.07 | 4.84 | 4.92 | 5.06 | 5.48 | 5.27 |
| EPS, diluted | 3.08 | 3.69 | 6.13 | 7.81 | 8.97 | 4.80 | 4.89 | 5.01 | 5.41 | 5.18 |
| Shares, diluted (wtd. avg.) | $155.1M | $161.5M | $160.3M | $163.3M | $167.0M | $169.9M | $174.5M | $183.2M | $186.7M | $192.1M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.16B | $1.37B | $718.8M | $566.0M | $882.9M | $566.7M | $851.3M | $733.3M | $1.62B | $1.08B |
| Short-term investments | $212.9M | $194.1M | $15.6M | $20.3M | $137.2M | $408.1M | $203.3M | $294.1M | $0 | — |
| Receivables | $598.1M | $508.8M | $864.3M | $1.09B | $756.2M | $358.5M | $465.3M | $655.8M | $454.7M | $416.6M |
| Inventory | $754.7M | $784.8M | $1.12B | $1.21B | $885.0M | $806.0M | $609.7M | $490.2M | $493.5M | $424.0M |
| Total current assets | $3.08B | $3.34B | $3.18B | $3.23B | $2.87B | $2.32B | $2.23B | $2.26B | $2.63B | $2.00B |
| Property, plant and equipment | $1.19B | $1.28B | $1.39B | $1.60B | $1.50B | $1.25B | $1.21B | $1.14B | $882.3M | $806.3M |
| Goodwill | $2.18B | $2.18B | $2.18B | $2.18B | $2.18B | $1.19B | $1.19B | $1.19B | $883.0M | $873.3M |
| Other intangibles | $809.0M | $900.5M | $1.22B | $1.44B | $1.70B | $53.5M | $107.9M | $143.7M | $67.8M | $67.0M |
| Total assets | $7.92B | $8.28B | $8.43B | $8.87B | $8.59B | $5.11B | $4.84B | $4.83B | $4.57B | $3.86B |
| Accounts payable | $236.0M | $171.8M | $159.2M | $274.2M | $236.0M | $226.9M | $190.5M | $229.9M | $258.4M | $110.4M |
| Short-term debt | $499.4M | $0 | $299.4M | $499.2M | $0 | — | — | — | — | — |
| Total current liabilities | $1.32B | $602.7M | $955.7M | $1.23B | $658.5M | $448.4M | $374.0M | $389.7M | $387.9M | $210.2M |
| Long-term debt | $496.4M | $994.3M | $992.9M | $1.69B | $2.24B | $0 | — | — | — | — |
| Total liabilities | $2.16B | $1.95B | $2.34B | $3.40B | $3.29B | $942.5M | $717.3M | $731.9M | $507.9M | $314.0M |
| Retained earnings | $5.66B | $6.03B | $5.88B | $5.42B | $5.19B | $4.82B | $4.31B | $3.73B | $3.06B | $2.26B |
| Total equity | $5.76B | $6.34B | $6.08B | $5.47B | $5.30B | $4.16B | $4.12B | $4.10B | $4.07B | $3.54B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.30B | $1.82B | $1.86B | $1.42B | $1.77B | $1.20B | $1.37B | $1.26B | $1.46B | $1.08B |
| Depreciation and amortisation | $278.7M | $264.8M | $387.8M | $394.4M | $332.2M | $318.3M | $314.9M | $272.5M | $227.2M | $214.4M |
| Stock-based compensation | $232.4M | $180.3M | $185.1M | $195.2M | $191.9M | $156.6M | $80.1M | $107.8M | $88.5M | $78.0M |
| Capital expenditure | $195.0M | $157.0M | $210.3M | $489.4M | $637.8M | $389.4M | $398.4M | $422.3M | $303.3M | $189.3M |
| Investing cash flow | -$234.0M | -$355.9M | -$224.4M | -$378.9M | -$3.13B | -$581.4M | -$336.9M | -$1.15B | -$325.9M | -$250.9M |
| Financing cash flow | -$1.27B | -$819.0M | -$1.48B | -$1.36B | $1.68B | -$907.7M | -$912.5M | -$993.7M | -$597.4M | -$786.6M |
| Dividends paid | $432.6M | $439.1M | $405.2M | $373.1M | $340.6M | $307.0M | $273.9M | $243.2M | $214.2M | $200.8M |
| Buybacks | $830.2M | $77.3M | $175.3M | $886.8M | $195.6M | $647.5M | $657.6M | $759.5M | $432.3M | $525.6M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000004127-26-000003.
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