Skyworks Solutions said net revenue for the 3 months ended March 28, 2025 was $953.2 million, down from $1,046.0 million in the corresponding period in the prior year. The company said the decrease was driven primarily by a decrease in demand for its mobile products, partially offset by an increase in demand for its non-mobile products.

1. 01

   Skyworks Solutions said net revenue for the 3 months ended March 28, 2025 was $953.2 million, down from $1,046.0 million in the corresponding period in the prior year. The company said the decrease was driven primarily by a decrease in demand for its mobile products, partially offset by an increase in demand for its non-mobile products.

2. 02

   Skyworks Solutions said its cash, cash equivalents, and marketable securities balance decreased by $1,527.7 million during the 3 months. The company said the decrease was primarily due to share repurchases of $500.0 million, dividend payments of $110.6 million, and capital expenditures of $38.5 million, partially offset by cash generated from operations of $409.5 million.

3. 03

   Skyworks Solutions said cash provided by operating activities for the 6 months decreased by $288.6 million compared with the corresponding period in the prior year, citing lower net income and a smaller decrease in working capital of $130.4 million. Cash used in financing activities increased by $209.9 million, the company said, with an increase in share repurchases of $500.0 million partially offset by a decrease in debt repayment of $300.0 million.

4. 04

   Skyworks Solutions said on February 4, 2025 the Board of Directors appointed Philip Brace as President and Chief Executive Officer and as a director, effective February 17. The company said Mark P. Dentinger joined the company as Senior Vice President and Chief Financial Officer, effective June 2, and cited charges incurred in connection with the Chief Executive Officer Transition as a factor in the increase in restructuring, impairment, and other charges.

Key figures

Quarter ended March 28, 2025

Revenue

$953M

Operating income

$97M

Net income

$69M

EPS

$0.43

Gross profit

$392M

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.

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

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