The company said net revenue for the 3-month period ended December 29, 2023 fell to $1,201.5 million from $1,329.3 million a year earlier, and net income was $231.3 million (versus $309.4 million a year earlier).

1. 01

   The company said net revenue for the 3-month period ended December 29, 2023 fell to $1,201.5 million from $1,329.3 million a year earlier, and net income was $231.3 million (versus $309.4 million a year earlier).

2. 02

   The company also reported GAAP gross margin of 42.2% (48.0% a year earlier), GAAP operating margin of 21.5% (27.6% a year earlier), and non-GAAP operating margin of 30.4% (37.0% a year earlier) for the same quarter.

3. 03

   Skyworks said net cash provided by operating activities for the same quarter was $774.9 million, non-GAAP free cash flow after capital expenditures was $752.7 million, and it paid $300.0 million in payments of debt.

4. 04

   Skyworks expects 2024 fiscal-year revenue of $1.02 to $1.07 billion for the Q2 quarter (March), and non-GAAP diluted earnings per share of $1.52 at the midpoint of the revenue range, the company said. It also said its board declared a cash dividend of $0.68 per share, payable on March 12, 2024.

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Original filing

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