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Skyworks Solutions logoSkyworks Solutions SWKS

Skyworks Solutions said net revenue for the 3 months ended June 27, 2025 was $965.0 million, an increase from $905.5 million in the corresponding period of fiscal 2024, driven primarily by increased demand for its mobile and Wi-Fi products.

10-QQuarterly reportFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Skyworks Solutions said net revenue for the 3 months ended June 27, 2025 was $965.0 million, an increase from $905.5 million in the corresponding period of fiscal 2024, driven primarily by increased demand for its mobile and Wi-Fi products.

  2. The company said its cash, cash equivalents, and marketable securities balance decreased to $1,336.7 million during the 3 months ended June 27, 2025, reflecting share repurchases of $330.2 million, dividend payments of $103.9 million, and capital expenditures of $61.4 million, partially offset by cash generated from operations of $314.1 million.

  3. Skyworks Solutions said cash provided by operating activities for the 9 months ended June 27, 2025 decreased $247.8 million from the corresponding period in the prior year, citing lower net income and a smaller decrease in working capital of $92.4 million due primarily to inventory and accounts receivable.

  4. The company said it expects revenues to be negatively impacted beginning in fiscal 2025 Q4 by a decrease in market share at a significant customer. On May 29, 2025, the Board of Directors appointed Robert A. Schriesheim, a current member of the Board, as interim Chief Financial Officer.

Key figures

Quarter ended June 27, 2025

Revenue
$965M
Operating income
$111M
Net income
$105M
EPS
$0.70
Gross profit
$401M

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.

Quarterly net revenue $965.0 million

Skyworks Solutions said net revenue for the 3 months ended June 27, 2025 was $965.0 million, an increase from $905.5 million in the corresponding period of fiscal 2024, driven primarily by increased demand for its mobile and Wi-Fi products.

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

Cash and marketable securities $1,336.7 million

The company said its cash, cash equivalents, and marketable securities balance decreased to $1,336.7 million during the 3 months ended June 27, 2025, reflecting share repurchases of $330.2 million, dividend payments of $103.9 million, and capital expenditures of $61.4 million, partially offset by cash generated from operations of $314.1 million.

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

9-month operating cash flow decreased $247.8 million

Skyworks Solutions said cash provided by operating activities for the 9 months ended June 27, 2025 decreased $247.8 million from the corresponding period in the prior year, citing lower net income and a smaller decrease in working capital of $92.4 million due primarily to inventory and accounts receivable.

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

Significant customer market share decline expected; interim CFO appointed

The company said it expects revenues to be negatively impacted beginning in fiscal 2025 Q4 by a decrease in market share at a significant customer. On May 29, 2025, the Board of Directors appointed Robert A. Schriesheim, a current member of the Board, as interim Chief Financial Officer.

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.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.