$SWKS (-0.94%)

- Revenue: $1.07B, -11% YoY

- Generated operating cash flow of $377M with 35% margin

- Non-GAAP EPS of $1.60 vs $1.97 YoY

CEO Liam K. Griffin: "Skyworks started the new fiscal year with solid results, growing revenue 4% sequentially and surpassing the midpoint of our guidance. We have observed consistent improvement in demand indicators within Broad Markets, while we have successfully supported multiple new product launches in Mobile."

🌱Revenue & Growth

- Mobile segment: Sequential growth, supported new product launches

- Broad Markets: Showing improvement in demand indicators

- Revenue declined 11% YoY from $1.20B to $1.07B

- Sequential revenue growth of 4%

💰Profits & Financials

- GAAP EPS: $1.00 vs $1.44 YoY

- Non-GAAP Operating Margin: 26.7% vs 30.4% YoY

- Free Cash Flow: $338M (32% margin) vs $753M YoY

- Cash and marketable securities: $1.75B

- Gross Margin: 41.4% vs 42.2% YoY

📌Business Highlights

- Secured 5G content for premium Android smartphones (Samsung Galaxy, Xiaomi, Asus)

- Supported Gemtek's launch of first AI router with voice-enabled healthcare service

- Board approved new $2B stock repurchase program through Feb 2027

- Declared quarterly dividend of $0.70 per share

🔮Future Outlook

- Q2 FY25 revenue expected: $935M-$965M

- Q2 Non-GAAP EPS guidance: $1.20 at midpoint

- Anticipates mid-to-high teens sequential decline in mobile

- Expects additional sequential and year-over-year growth in broad markets

$SWKS (-0.94%) | Skyworks Solutions Q4 '24 Earnings Highlights:

🔹 Adj EPS: $1.55 (Est. $1.52) 🟢

🔹 Revenue: $1.025B (Est. $1.02B) 🟡; DOWN -16% YoY

🔹 Adj Gross Margin: 46.5% (Prev. 47.1%)

🔹 Adj Oper Income: $273.5M (Est. $274.7M); UP +25% QoQ

Q1 '25 Guidance:

🔹 Revenue: $1.05B-$1.08B (Est. $1.09B) 😕

🔹 Non-GAAP Diluted EPS: $1.57

Operational Metrics:

🔹 R&D Investment: $163.5M (Est. $160.8M) 🟢; UP +11% YoY

Mobile Business:

🔸 Anticipates mid-single-digit sequential growth driven by seasonal product ramps

Broad Markets:

🔸 Modest sequential growth expected despite inventory excess in select segments

🔸 Expected return to YoY growth

Q4 Business Highlights:

🔸 Secured 5G content for premium Android smartphones, including Google Pixel 9, Samsung Galaxy, and Oppo OnePlus

🔸 Expanded Wi-Fi 7 design wins with companies like Linksys, Charter, NETGEAR, CommScope, and TP-Link

🔸 Increased automotive design wins, focusing on 5G front-end modules, infotainment systems, and digital isolators across leading OEMs

🔸 Powered advanced audio solutions for wireless gaming and clinical-grade hearing aids

Dividend Update:

🔸 Quarterly Dividend: $0.70 per share, payable Dec. 24, 2024, to stockholders of record as of Dec. 3, 2024

CEO Liam K. Griffin's Commentary:

🔸 "Skyworks’ Q4 revenue grew 13% sequentially, surpassing our guidance midpoint. We ended fiscal 2024 with a record 40% free cash flow margin. Looking ahead, AI is expected to drive a transformative smartphone upgrade cycle, and Skyworks is well-positioned to benefit from increased RF complexity demand."

CFO Kris Sennesael's Commentary:

🔸 "For the December quarter, we expect mobile and broad markets to drive sequential growth, with the mobile segment benefiting from seasonal ramps."