Skyworks Solutions, Inc.

skyworksinc.com

What Do They Do?

Builds chips and wireless-connectivity products for smartphone makers, automakers, and customers in wireless infrastructure, connected homes, and industrial markets.

How Do They Make Money?

Customers order semiconductor products individually; Skyworks gets paid when products ship to distributors or direct customers, or when customers pull them from consignment inventory.

FY2025 revenue

Who Are Their Customers?

Communications and electronics manufacturers, original-design manufacturers, and contract manufacturers buy directly; Skyworks also sells through electronic-component distributors and independent sales representatives.

Customers above 10% of revenue, FY2025

of revenue from one customer

FY2023: 66% from one customer

Do Revenues Turn Into Profits?

Yes. It kept 12 cents of every revenue dollar as net income in FY2025 and turned 27 cents into free cash flow.

Operating income, FY2025

12% of revenue

▼ −22% vs FY2024 ($637.4M, 15%)

Net income, FY2025

12% of revenue

▼ −20% vs FY2024 ($596M, 14%)

Free cash flow, FY2025

27% of revenue

▼ −34% vs FY2024 ($1.7B, 40%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q3 FY2026, the three months to Jul 3, 2026

Revenue: ▼ −3%; vs $965M in Q3 FY2025
Net income: ▼ −68%; vs $105M in Q3 FY2025

Aug 3, 2026 U.S. waiting period expired for Qorvo merger China and South Korea reviews remained open, while foreign-investment approvals had cleared.
Jul 28, 2026 Issued fourth-quarter revenue and earnings guidance Skyworks forecast revenue of $1,010 million to $1,060 million and non-GAAP diluted earnings per share of $1.27 at the midpoint.

Shrinking. Revenue fell 20% in 4 years, from $5.1B in FY2021 to $4.1B in FY2025, about 5% a year.

Who Do They Compete With?

Competes with Analog Devices, Broadcom, Cirrus Logic, Murata Manufacturing, NXP Semiconductors, Qorvo, Qualcomm, and Texas Instruments

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