Skyworks Solutions (SWKS) investor relations material

Executive summary

• Achieved three consecutive quarters of revenue and non-GAAP EPS exceeding expectations, driven by strong execution in mobile and broad markets, with Q4 revenue at $1.1 billion and non-GAAP EPS of $1.76.

• Streamlined sales and marketing, enhanced engineering collaboration, and strengthened leadership with new executive hires.

• Announced consolidation of the Woburn facility to improve cost structure and gross margins.

• Entered agreement to combine with Corvo, expected to add scale, diversification, and a broader technology portfolio.

• Annual operating cash flow was $1.3 billion and free cash flow was $1.11 billion.

Financial highlights

• Q4 revenue reached $1.1 billion, exceeding guidance; non-GAAP EPS was $1.76.

• Gross profit was $511 million with a non-GAAP gross margin of 46.5%.

• Q4 non-GAAP operating income was $264 million (24% margin); non-GAAP net income was $263.7 million.

• Free cash flow for the year was $1.11 billion, representing a 27% margin.

• Largest customer accounted for 67% of revenue; mobile was 65% of total revenue, up 21% sequentially and 7% year-over-year.

Outlook and guidance

• Q1 fiscal 2026 revenue expected between $975 million and $1.025 billion.

• Mobile revenue projected to decline low to mid-teens sequentially; broad markets to be up slightly sequentially and mid to high single digits year-over-year, representing 39% of sales.

• Gross margin expected at 46%-47%; operating expenses between $230 million and $240 million.

• Non-GAAP diluted EPS expected at $1.40 at the midpoint of revenue guidance.

• Free cash flow in fiscal 2026 expected to remain solid but below 2025 due to normalized working capital and lower revenue.