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Skyworks Solutions Inc. (symbol: SWKS) is at the forefront of the wireless networking revolution. Based in Woburn, Massachusetts, Skyworks is a global enterprise with engineering, marketing, operations, sales, and service facilities spread across Asia, Europe, and North America. The company is renowned for its highly innovative analog semiconductors which are pivotal in connecting people, places, and things in an array of applications, many of which are groundbreaking.
Skyworks Solutions produces a range of semiconductors designed to enable wireless connectivity. Key products include power amplifiers, filters, switches, and integrated front-end modules, all essential for wireless transmissions. While the firm’s main clientele consists of major smartphone manufacturers, Skyworks is expanding its footprint in non-handset applications. These include automotive, broadband, connected home, industrial, medical, military, and wearable markets, among others.
Notably, Skyworks Solutions has been making significant strides in the automotive sector, providing critical components for advanced driver-assistance systems (ADAS) and vehicle-to-everything (V2X) communication. The company is also a key player in the development of 5G technology, which is expected to revolutionize wireless connectivity and enable a new wave of technological innovations.
Financially, Skyworks Solutions has shown robust performance, driven by the increasing demand for wireless connectivity and the proliferation of connected devices. The company's strategic partnerships and collaborations have further bolstered its market position. Skyworks’ commitment to innovation and quality has earned it a reputation for delivering reliable and high-performance products.
Skyworks Solutions (SWKS) has announced inducement grants to its new CEO, Philip Brace, who started on February 17, 2025. The Compensation Committee approved three major awards: a new hire performance share award (New Hire PSA) for 455,028 shares, a restricted stock unit award (FY2025 RSU) for 43,682 shares, and a performance share award (FY2025 PSA) for 65,524 shares at target, potentially reaching 163,810 shares at maximum performance.
The New Hire PSA is tied to stock price achievements over a four-year period starting from the second anniversary of employment, with 20% of shares earned at each price hurdle. The FY2025 RSU has a four-year vesting period backdated to November 5, 2024. The FY2025 PSA vesting depends on corporate performance metrics aligned with other executive officers' annual PSAs for FY2025.
Skyworks Solutions (SWKS) reported Q1 fiscal 2025 results with revenue of $1.068 billion, showing a 4% sequential growth. The company posted GAAP EPS of $1.00 and non-GAAP EPS of $1.60, along with strong cash flow metrics including operating cash flow of $377 million (35% margin) and free cash flow of $338 million (32% margin).
For Q2 fiscal 2025, Skyworks expects revenue between $935 million to $965 million, with non-GAAP EPS of $1.20 at the midpoint. The company anticipates a mid-to-high teens sequential decline in mobile business, while expecting growth in broad markets both sequentially and year-over-year.
The board approved a new $2 billion stock repurchase program through Feb. 3, 2027, and declared a quarterly dividend of $0.70 per share, payable on Mar. 17, 2025.
Skyworks Solutions (SWKS) has announced a major leadership transition, with Philip Brace appointed as the new president and CEO, effective February 17, 2025. Brace will succeed Liam K. Griffin, who is stepping down after 23 years with the company. Christine King, previously lead independent director, has been appointed as Chairman of the Board.
Brace brings extensive semiconductor industry experience, having served as executive chairman of Inseego Corp, CEO of Sierra Wireless, and held executive positions at Veritas Technologies and Seagate Technology. He holds degrees from the University of Waterloo and California State University, Sacramento.
The appointment follows a comprehensive succession planning process conducted by the board with assistance from an executive search firm. Griffin will remain in an advisory role for three months to ensure a smooth transition.
Skyworks Solutions (SWKS) has announced it will release its first quarter fiscal 2025 financial results and host an analyst conference call on February 5, 2025, at 4:30 p.m. EST. The earnings press release will be issued via Business Wire after market close on the same day.
Investors can access the conference call through the investor relations section of Skyworks' website. A playback of the call will be available starting at 9 p.m. EST on February 5, and a transcript of the prepared remarks will be posted on the website following the call.
Skyworks Solutions (SWKS), a leading semiconductor company specializing in high-performance analog and mixed-signal semiconductors, has announced its upcoming first quarter fiscal 2025 earnings release and conference call schedule. The company will host an analyst conference call on February 5, 2025, at 4:30 p.m. EST.
The earnings press release will be distributed via Business Wire prior to the conference call on the same day, after market close. Investors can access the press release through Skyworks' website at www.skyworksinc.com/investors. The conference call can be accessed through the investor relations section of the company's website.
A playback of the conference call will be available on the company's website starting at 9 p.m. EST on February 5, 2025. The company will also make available a transcript of their prepared remarks on the website promptly after their conclusion during the call.
Skyworks Solutions (SWKS) reported Q4 FY24 revenue of $1.025 billion, with GAAP EPS of $0.37 and non-GAAP EPS of $1.55. The company achieved 13% sequential revenue growth and generated over $1.6 billion in free cash flow for the second consecutive year, ending FY24 with a record 40% free cash flow margin. For Q1 FY25, Skyworks expects revenue between $1.05-1.08 billion with non-GAAP EPS of $1.57 at the midpoint. The company secured multiple 5G and Wi-Fi 7 design wins with major customers and declared a quarterly dividend of $0.70 per share.
Skyworks Solutions (SWKS) has achieved IATF 16949 automotive certification across multiple facilities worldwide, including sites in California, Massachusetts, Mexico, Japan, and Singapore. This certification, provided by the International Automotive Task Force, validates Skyworks' ability to meet stringent automotive industry quality standards. The certification applies to the company's Diversified Analog Solutions business unit's automotive product specification, design, and manufacturing. Skyworks supplies RF front-end modules for V2X, in-vehicle infotainment, keyless entry, satellite navigation, and 5G automotive telematics.
Skyworks Solutions, Inc. (Nasdaq: SWKS), a leader in high-performance analog and mixed-signal semiconductors, has announced its upcoming fourth quarter fiscal 2024 earnings release and conference call. The event is scheduled for November 12, 2024, at 4:30 p.m. EST. Prior to the call, Skyworks will issue an earnings press release via Business Wire after market close on the same day.
Investors and analysts can access the conference call through the investor relations section of Skyworks' website. For those unable to attend live, a playback of the call will be available on the company's website starting at 9 p.m. EST on November 12. Additionally, a transcript of the prepared remarks will be posted on the website shortly after the call concludes.
Skyworks Solutions, Inc. (Nasdaq: SWKS) reported its Q3 FY24 results, delivering revenue of $906 million and GAAP diluted EPS of $0.75. Non-GAAP diluted EPS reached $1.21. The company's year-to-date performance showed strong cash flow generation, with operating cash flow of $1.35 billion and free cash flow of $1.27 billion. Skyworks increased its quarterly dividend by 3% to $0.70 per share.
CEO Liam K. Griffin noted solid results and strong profitability, with the mobile business ramping up and broad markets continuing to recover. The company secured 5G content for premium Android smartphones and supported Wi-Fi 7 tri-band router launches. For Q4 FY24, Skyworks expects revenue between $1.00 billion to $1.04 billion with non-GAAP diluted EPS of $1.52 at the mid-point.
Skyworks Solutions, Inc. (Nasdaq: SWKS), a leading semiconductor company, has announced its upcoming third quarter fiscal 2024 earnings release and conference call. The event is scheduled for July 30, 2024, at 4:30 p.m. EDT. Prior to the call, Skyworks will issue an earnings press release via Business Wire after market close. Investors can access the conference call through the company's investor relations website. A playback of the call will be available on the website starting at 9 p.m. EDT on the same day. Additionally, a transcript of the prepared remarks will be posted promptly after the call's conclusion.
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