- 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."
馃尡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%
馃挵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
馃搶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
馃敭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