SKYWORKS SOLUTIONS, INC.

10-K & 10-Q Filings

Skyworks Solutions, Inc. is a leading semiconductor solutions provider that empowers the wireless networking revolution by connecting people, places, and things, all the time. The company's highly innovative analog and mixed-signal semiconductors are used in various applications, including aerospace, automotive, broadband, cellular infrastructure, connected home, defense, entertainment and gaming, industrial, medical, smartphone, tablet, and wearable markets. Skyworks has a rich heritage in analog systems design and has made significant investments in key technologies and resources, including advanced TC-SAW and BAW filters, MIMO, ultra-high band, and diversity receive modules, timing devices, and digital power isolators. The company's strategy includes industry-leading technology, customer relationships, diversification, operational excellence, and maintaining a performance-driven culture. Skyworks' extensive product portfolio includes 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, LED drivers, low-noise amplifiers, mixers, modulators, optocouplers/optoisolators, 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. Skyworks' products are sold globally through a direct sales force, electronic component distributors, and independent sales representatives. The company's website is www.skyworksinc.com, and its ticker symbol is SWKS.

12 mos ending Sep 28, 201212 mos ending Sep 27, 201312 mos ending Oct 03, 201412 mos ending Oct 02, 201512 mos ending Sep 30, 201612 mos ending Sep 29, 201712 mos ending Sep 28, 201812 mos ending Sep 27, 201912 mos ending Oct 02, 202012 mos ending Oct 01, 202112 mos ending Sep 30, 202212 mos ending Sep 29, 20236 mos ending Mar 31, 20236 mos ending Mar 29, 2024CAGR %YoY %Revenue (+)
$1568.58
1792.00
2291.50
3258.40
3289.00
3651.40
3868.00
3376.80
3355.70
5109.10
5485.50
4772.40
2482.40
2247.50
10.64%-9.46%Cost of Revenue (-)
$901.48
1025.40
1268.80
1703.90
1623.80
1809.60
1917.30
1773.00
1742.80
2596.70
2881.20
2665.10
1317.40
1320.70
10.36%0.25%Gross Profit (+)
$667.10
766.60
1022.70
1554.50
1665.20
1841.80
1950.70
1603.80
1612.90
2512.40
2604.30
2107.30
1165.00
926.80
11.02%-20.45%Selling, General & Administrative (-)
$158.43
159.70
179.10
191.30
195.90
204.60
207.80
198.30
231.40
322.50
329.80
314.00
163.50
155.50
6.42%-4.89%Research & Development (-)
$212.53
226.30
252.20
303.20
312.40
355.20
404.50
424.10
464.10
532.30
617.90
606.80
312.00
307.30
10.01%-1.51%Depreciation & Amortization (-)
$32.74
29.10
25.90
33.50
33.40
27.60
18.30
22.60
11.80
36.00
288.40
123.40
Non-recurring Operating Expenses (-)
$7.75
6.40
0.30
3.40
4.80
0.60
0.80
6.80
13.80
8.90
30.70
28.30
12.49%Operating Expenses (-)
$411.46
421.50
457.50
531.40
546.50
588.00
631.40
651.80
721.10
899.70
1077.30
982.30
524.70
479.20
8.23%-8.67%Costs & Expenses (Total) (-)
$1312.95
1446.90
1726.30
2235.30
2170.30
2397.60
2548.70
2424.80
2463.90
3496.40
3958.50
3647.40
1842.10
1817.00
9.73%-1.36%Operating Income/Loss (+)
$255.63
345.10
565.20
1023.10
1118.70
1253.80
1319.30
952.00
891.80
1612.70
1527.00
1125.00
640.30
447.60
14.42%-30.10%Non-operating Income/Expense (+)
$0.01
-0.60
0.50
81.90
3.20
12.80
9.00
-0.10
-0.60
-2.50
18.20
6.00
14.10
99.77%135.00%Interest Expense (-)
$0.67
13.40
47.90
64.40
35.80
17.10
51.51%-52.23%Earnings before Tax (+)
$254.98
344.50
565.20
1023.60
1200.60
1257.00
1332.10
961.00
891.70
1598.70
1476.60
1078.80
610.50
444.60
14.01%-27.17%Tax Expense (-)
$52.90
66.40
107.50
225.30
205.40
246.80
413.70
107.40
76.90
100.40
201.40
96.00
68.30
30.00
5.57%-56.08%Income/Loss (Continuing Operations) (+)
$202.08
278.10
457.70
798.30
995.20
1010.20
918.40
853.60
814.80
1498.30
1275.20
982.80
542.20
414.60
15.46%-23.53%Net Income/Loss (+)
$202.08
278.10
457.70
798.30
995.20
1010.20
918.40
853.60
814.80
1498.30
1275.20
982.80
542.20
414.60
15.46%-23.53%Net Income/Loss (Common) (+)
$202.08
278.10
457.70
798.30
995.20
1010.20
918.40
853.60
814.80
1498.30
1275.20
982.80
542.20
414.60
15.46%-23.53%EPS (Basic)
$1.09
1.48
2.44
4.21
5.27
5.48
5.06
4.92
4.84
9.07
7.85
6.17
3.40
2.59
17.07%-23.82%EPS (Diluted)
$1.05
1.45
2.38
4.10
5.18
5.41
5.01
4.89
4.80
8.97
7.81
6.13
3.39
2.57
17.40%-24.19%Weighted Avg Shares (Basic)
185.84
187.50
187.20
189.50
188.70
184.30
181.30
173.50
168.50
165.20
162.40
159.40
159.50
160.10
-1.39%0.38%Weighted Avg Shares (Diluted)
191.85
192.20
192.60
194.90
192.10
186.70
183.20
174.50
169.90
167.00
163.30
160.30
160.10
161.30
-1.62%0.75%Cash
$307.11
511.10
805.80
1043.60
1083.80
1616.80
733.30
851.30
566.70
882.90
566.00
718.80
832.60
1205.40
8.04%44.78%Short-term Investments
$
294.10
203.30
408.10
137.20
20.30
15.60
228.80
12.90
-94.36%Receivables
$297.59
292.70
317.60
538.00
416.60
454.70
655.80
465.30
393.60
756.20
1094.00
864.30
685.00
615.30
10.18%-10.18%Inventory
$232.92
229.50
270.80
267.90
424.00
493.50
490.20
609.70
806.00
885.00
1212.10
1119.70
1257.00
835.50
15.34%-33.53%Other Assets (Current)
$45.74
40.00
35.00
65.20
77.70
68.70
88.80
105.00
143.20
204.10
337.50
461.10
395.80
476.40
23.37%20.36%Assets (Current)
$883.36
1073.30
1429.20
1914.70
2002.10
2633.70
2262.20
2234.60
2317.60
2865.40
3229.90
3179.50
3399.20
3145.50
12.35%-7.46%Securities & Long-term Investments
$
22.80
27.60
5.20
7.10
0.50
4.10
3.00
Property, Plant & Equipment (Net)
$279.38
328.60
555.90
826.40
806.30
882.30
1140.90
1205.60
1417.40
1667.70
1827.80
1595.50
1707.10
1506.30
17.16%-11.76%Goodwill & Intangibles
$894.52
865.30
926.00
901.70
940.30
950.80
1333.50
1297.70
1243.30
3875.30
3621.40
3398.80
3498.30
3296.20
12.90%-5.78%Other Assets
$79.38
65.90
62.70
76.60
106.70
106.80
69.50
74.10
123.20
175.20
194.20
248.80
237.10
358.70
10.94%51.29%Assets (Non-current)
$1253.28
1259.80
1544.60
1804.70
1853.30
1939.90
2566.70
2605.00
2789.10
5725.30
5643.90
5247.20
5442.50
5164.20
13.90%-5.11%Assets (Total)
$2136.65
2333.10
2973.80
3719.40
3855.40
4573.60
4828.90
4839.60
5106.70
8590.70
8873.80
8426.70
8841.70
8309.70
13.29%-6.02%Accounts Payable
$171.92
167.70
271.30
372.60
152.70
326.50
315.10
266.50
340.40
371.30
388.50
253.50
269.30
256.50
3.59%-4.75%Debt (Current)
$
499.20
299.40
499.80
Other Liabilities (Current)
$10.78
12.00
26.30
91.30
57.50
61.40
74.60
107.50
108.00
287.20
339.20
402.80
399.60
349.90
38.98%-12.44%Liabilities (Current)
$182.70
179.70
297.60
463.90
210.20
387.90
389.70
374.00
448.40
658.50
1226.90
955.70
1168.70
606.40
16.23%-48.11%Debt (Non-current)
$
150.70
2235.60
1689.90
992.90
1491.10
993.60
-33.36%Other Liabilities
$48.47
52.30
143.80
96.30
103.80
120.00
342.20
343.30
343.40
399.50
488.00
395.40
449.00
350.50
21.02%-21.94%Liabilities (Non-current)
$48.47
52.30
143.80
96.30
103.80
120.00
342.20
343.30
494.10
2635.10
2177.90
1388.30
1940.10
1344.10
35.66%-30.72%Liabilities (Total)
$231.17
232.00
441.40
560.20
314.00
507.90
731.90
717.30
942.50
3293.60
3404.80
2344.00
3108.80
1950.50
23.44%-37.26%Treasury Stock
$161.84
365.30
553.10
844.60
1443.50
1925.00
2732.50
3412.90
4093.50
1.70
Retained Earnings
$100.80
378.90
794.90
1469.20
2263.60
3059.60
3732.90
4312.60
4820.40
5185.80
5421.90
5876.00
5642.60
6072.60
44.71%7.62%AOCI
$-1.59
-0.90
-4.90
-8.20
-10.90
-8.50
-8.80
-7.90
-7.80
-7.90
-4.80
-5.60
-5.60
-5.70
-1.79%Shareholder's Equity
$1905.47
2101.10
2532.40
3159.20
3541.40
4065.70
4097.00
4122.30
4164.20
5297.10
5469.00
6082.70
5732.90
6359.20
11.13%10.92%Liabilities & Equity
$2136.65
2333.10
2973.80
3719.40
3855.40
4573.60
4828.90
4839.60
5106.70
8590.70
8873.80
8426.70
8841.70
8309.70
13.29%-6.02%Net Income/Loss
$202.08
278.10
457.70
798.30
995.20
1010.20
918.40
853.60
814.80
1498.30
1275.20
982.80
542.20
414.60
15.46%-23.53%Depreciation & Amortization
$102.75
103.40
122.70
195.80
247.80
254.80
299.20
371.60
364.30
437.80
694.10
391.80
200.40
131.60
12.94%-34.33%Increase/Decrease in Working Capital
$109.05
-26.20
-125.40
61.30
199.90
-141.10
79.50
-54.50
133.40
303.80
827.50
-161.00
-266.50
-325.20
-22.03%Share-based Compensation
$72.17
71.70
86.00
99.80
78.00
88.50
107.80
80.10
156.60
191.90
195.20
185.10
90.40
99.30
8.94%9.85%Adjustments to Reconcile Net Income
$83.16
221.60
314.70
194.50
100.50
461.10
342.20
513.80
389.70
273.70
149.40
873.60
642.90
660.60
23.84%2.75%Net Cash (Operating)
$285.24
499.70
772.40
992.80
1095.70
1471.30
1260.60
1367.40
1204.50
1772.00
1424.60
1856.40
1185.10
1075.20
18.56%-9.27%Capital Expenditure
$323.76
123.80
357.10
454.70
250.90
329.10
834.90
423.40
398.50
3403.10
502.00
236.10
123.90
65.00
-2.83%-47.54%Net Cash (Investing)
$-302.86
-123.00
-357.10
-454.70
-250.90
-325.90
-1150.40
-336.90
-581.40
-3133.20
-378.90
-224.40
-329.20
-56.50
82.84%Increase/Decrease in Debt
$-48.05
-5.50
2238.20
-50.00
-900.00
-200.00
-300.00
-50.00%Increase/Decrease in Equity
$-12.40
-184.90
-165.70
-237.30
-525.60
-432.30
-720.70
-615.80
-567.60
-165.00
-851.00
-138.10
-158.70
19.30
112.16%Interest Expenses
$0.24
2.20
44.40
62.30
33.80
15.30
65.82%-54.73%Dividends Paid
$
41.40
123.10
201.00
214.60
243.20
273.90
307.00
340.60
373.10
405.20
198.00
218.00
10.10%Net Cash (Financing)
$-86.18
-172.70
-120.60
-300.30
-804.60
-612.40
-993.70
-912.50
-907.70
1677.40
-1362.60
-1479.20
-589.30
-532.10
9.71%Cash Taxes Paid
$19.79
26.20
63.20
126.10
165.90
163.20
135.90
124.40
110.80
184.00
230.00
228.90
118.10
24.93%Increase/Decrease in Cash
$-103.79
204.00
294.70
237.80
40.20
533.00
-883.50
118.00
-284.60
316.20
-316.90
152.80
266.60
486.60
82.52%Cash (Beginning)
$410.09
307.10
511.10
805.80
1043.60
1083.80
1616.80
733.30
851.30
566.70
882.90
566.00
566.00
718.80
2.97%27.00%Cash (Ending)
$306.29
511.10
805.80
1043.60
1083.80
1616.80
733.30
851.30
566.70
882.90
566.00
718.80
832.60
1205.40
8.06%44.78%NOPAT
$235.79
318.85
502.00
897.06
964.12
1091.02
1184.71
828.77
780.99
1427.09
1289.15
886.30
516.44
417.40
12.79%-19.18%Gross Margin %
42.53%
42.78%
44.63%
47.71%
50.63%
50.44%
50.43%
47.49%
48.06%
49.18%
47.48%
44.16%
46.93%
41.24%
Operating Margin %
16.30%
19.26%
24.67%
31.40%
34.01%
34.34%
34.11%
28.19%
26.58%
31.57%
27.84%
23.57%
25.79%
19.92%
NOPAT Margin %
15.03%
17.79%
21.91%
27.53%
29.31%
29.88%
30.63%
24.54%
23.27%
27.93%
23.50%
18.57%
20.80%
18.57%
Net Margin %
12.88%
15.52%
19.97%
24.50%
30.26%
27.67%
23.74%
25.28%
24.28%
29.33%
23.25%
20.59%
21.84%
18.45%
Tax Rate %
7.76%
7.61%
11.18%
12.32%
13.82%
12.98%
10.20%
12.94%
12.43%
11.51%
15.58%
21.22%
19.34%
6.75%
ROA
11.04%
13.67%
16.88%
24.12%
25.01%
23.85%
24.53%
17.12%
15.29%
16.61%
14.53%
10.52%
5.84%
5.02%
ROE
12.37%
15.18%
19.82%
28.40%
27.22%
26.83%
28.92%
20.10%
18.75%
26.94%
23.57%
14.57%
9.01%
6.56%
ROIC
14.00%
18.52%
24.91%
36.74%
35.26%
39.12%
32.42%
23.05%
20.54%
19.88%
16.64%
12.66%
7.46%
6.90%
Asset Turnover
0.73
0.77
0.77
0.88
0.85
0.80
0.80
0.70
0.66
0.59
0.62
0.57
0.28
0.27
Inventory Turnover
3.87
4.47
4.69
6.36
3.83
3.67
3.91
2.91
2.16
2.93
2.38
2.38
1.05
1.58
Equity Multiplier
1.12
1.11
1.17
1.18
1.09
1.12
1.18
1.17
1.23
1.62
1.62
1.39
1.54
1.31
Current Ratio
4.83
5.97
4.80
4.13
9.52
6.79
5.80
5.97
5.17
4.35
2.63
3.33
2.91
5.19
Quick Ratio
3.31
4.47
3.77
3.41
7.14
5.34
4.32
4.06
3.05
2.70
1.37
1.67
1.49
3.02
Debt/Equity Ratio
0.04
0.42
0.40
0.21
0.35
0.16
Interest Coverage Ratio
1069.60
733.05
34.39
18.06
18.94
29.25
Working Capital/Sales
0.33
0.29
0.23
0.22
0.30
0.26
0.31
0.32
0.34
0.32
0.42
0.42
0.69
0.55
R&D/Sales
0.14
0.13
0.11
0.09
0.09
0.10
0.10
0.13
0.14
0.10
0.11
0.13
0.13
0.14
Dividend Payout Ratio %
8.25%
13.72%
20.85%
19.67%
20.53%
33.05%
39.31%
23.87%
28.94%
45.72%
38.34%
52.23%
Total Payout
$60.69
184.90
207.10
360.40
726.60
652.40
963.90
889.70
874.60
-1730.40
1318.50
1505.60
590.50
514.00
33.90%-12.96%Payout Ratio %
25.74%
57.99%
41.25%
40.18%
75.36%
59.80%
81.36%
107.35%
111.99%
-121.25%
102.28%
169.88%
114.34%
123.14%