Skyworks Solutions said net revenue for the 3 months ended December 27, 2024 was $1,068.5 million, down from $1,201.5 million for the corresponding period in fiscal 2024, citing a decrease in demand for its mobile products as the primary factor.

10-QQuarterly reportFiled Feb 5, 2025Period of report Dec 27, 2024Summary published (UTC) Oct 10, 2026

Key points

AI summary

Skyworks Solutions said net revenue for the 3 months ended December 27, 2024 was $1,068.5 million, down from $1,201.5 million for the corresponding period in fiscal 2024, citing a decrease in demand for its mobile products as the primary factor.
The company said gross profit for the 3 months ended December 27, 2024 decreased from the corresponding period in fiscal 2024, citing lower unit volumes, unfavorable product mix, and lower average selling prices as the primary factors.
Skyworks Solutions said its cash, cash equivalents, and marketable securities balance as of December 27, 2024 increased to $1,754.8 million, driven primarily by cash generated from operations of $377.2 million, partially offset by dividend payments of $112.5 million and capital expenditures of $39.0 million.
The company said cash provided by operating activities for the 3 months ended December 27, 2024 decreased by $397.7 million from the corresponding period in fiscal 2024, citing decreases in working capital of $315.3 million and lower net income as factors. It also said it has outstanding Notes Due 2026 and Notes Due 2031 of $500.0 million each, and no borrowings outstanding under its revolving credit facility.

Key figures

Quarter ended December 27, 2024

Revenue: $1.1B
Operating income: $181M
Net income: $162M
EPS: $1.00
Gross profit: $442M
Operating cash flow: $377M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Net Revenue Decrease and Company Explanation

Skyworks Solutions said net revenue for the 3 months ended December 27, 2024 was $1,068.5 million, down from $1,201.5 million for the corresponding period in fiscal 2024, citing a decrease in demand for its mobile products as the primary factor.

Source · Based on the MD&A text of the filing

Gross Profit Decrease Factors

The company said gross profit for the 3 months ended December 27, 2024 decreased from the corresponding period in fiscal 2024, citing lower unit volumes, unfavorable product mix, and lower average selling prices as the primary factors.

Source · Based on the MD&A text of the filing

Cash and Marketable Securities Balance Increase

Skyworks Solutions said its cash, cash equivalents, and marketable securities balance as of December 27, 2024 increased to $1,754.8 million, driven primarily by cash generated from operations of $377.2 million, partially offset by dividend payments of $112.5 million and capital expenditures of $39.0 million.

Source · Based on the MD&A text of the filing

Operating Cash Flow Decrease and Debt Structure

The company said cash provided by operating activities for the 3 months ended December 27, 2024 decreased by $397.7 million from the corresponding period in fiscal 2024, citing decreases in working capital of $315.3 million and lower net income as factors. It also said it has outstanding Notes Due 2026 and Notes Due 2031 of $500.0 million each, and no borrowings outstanding under its revolving credit facility.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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