$SWKS (+2,13%) | 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."