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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) 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.
Skyworks Solutions (Nasdaq: SWKS) will showcase its advanced power isolation solutions at PCIM Europe 2024 in Nuremberg from June 11-13. The new Si82Ex and Si82Fx families of isolated gate driver solutions are designed for high-efficiency power converter applications in AI data servers and EV charging. These solutions offer precise timing specifications, selectable current output, and high noise immunity. Additional demonstrations include the Si86Sx digital isolators, Si89xx isolated analog amplifiers, RS-485 transceivers, and Si83x isolated smart switches. These innovations cater to the growing demand for advanced isolation devices in electric mobility and AI-driven data processing.
Skyworks Solutions, Inc. (SWKS) reported revenue of $1.046 billion for Q2 FY24, with GAAP diluted EPS of $1.14 and non-GAAP diluted EPS of $1.55. The company generated quarterly operating cash flow of $300 million and quarterly free cash flow of $273 million. Despite challenges in the macroeconomic environment, Skyworks posted solid results, including delivering integrated platforms for leading 5G smartphone OEMs and securing numerous design wins across various sectors. The company's third fiscal quarter 2024 outlook anticipates revenue of $900 million, with a non-GAAP diluted EPS of $1.21. Skyworks also declared a cash dividend of $0.68 per share, payable on June 11, 2024.
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