- 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