Skyworks Solutions (SWKS) Q4 2025 earnings summary

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.

• Q4 GAAP operating income was $111 million; non-GAAP operating income was $264 million.

• Q4 GAAP net income was $141.4 million; non-GAAP net income was $263.7 million.

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

• Annual revenue was $4.18 billion, up from $4.09 billion 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 rise slightly sequentially and mid to high single digits year-over-year, representing 39% of sales.

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

• Expected Q1 diluted EPS of $1.40 at the midpoint of guidance.

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