Skyworks Solutions
SWKS · NasdaqSemiconductors & Related Devices · Fiscal year ends Oct 2
Skyworks Solutions reported revenue of $4.1B in the fiscal year ended Oct 2025, down 2.2% from the year before. Operating income was $500M, an operating margin of 12.2%, and net income was $477M. Operating cash flow of $1.3B less capital expenditure of $195M left free cash flow of $1.1B. It held more cash than debt (net cash $166M).
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Oct 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Oct 2025 |
|---|---|---|---|---|---|
| Revenue | $5.1B | $5.5B | $4.8B | $4.2B | $4.1B |
| Cost of revenue | $2.6B | $2.9B | $2.7B | $2.5B | $2.4B |
| Gross profit | $2.5B | $2.6B | $2.1B | $1.7B | $1.7B |
| Research & development | $532M | $618M | $607M | $632M | $786M |
| Selling, general & admin | $323M | $330M | $314M | $301M | $372M |
| Operating income | $1.6B | $1.5B | $1.1B | $637M | $500M |
| Interest expense | −$13M | $48M | $64M | $31M | $27M |
| Pre-tax income | $1.6B | $1.5B | $1.1B | $636M | $527M |
| Income tax | $100M | $201M | $96M | $40M | $50M |
| Net income | $1.5B | $1.3B | $983M | $596M | $477M |
| Diluted EPS | 8.97 | 7.81 | 6.13 | 3.69 | 3.08 |
| Diluted shares | 167M | 163M | 160M | 162M | 155M |
Balance sheet
| Fiscal year | Oct 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Oct 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $883M | $566M | $719M | $1.4B | $1.2B |
| Receivables | $756M | $1.1B | $864M | $509M | $598M |
| Inventory | $885M | $1.2B | $1.1B | $785M | $755M |
| Current assets | $2.9B | $3.2B | $3.2B | $3.3B | $3.1B |
| Net PP&E | $1.5B | $1.6B | $1.4B | $1.3B | $1.2B |
| Goodwill | $2.2B | $2.2B | $2.2B | $2.2B | $2.2B |
| Total assets | $8.6B | $8.9B | $8.4B | $8.3B | $7.9B |
| Payables | $236M | $274M | $159M | $172M | $236M |
| Current liabilities | $659M | $1.2B | $956M | $603M | $1.3B |
| Short-term debt | $0 | $499M | $299M | $0 | $499M |
| Long-term debt | $2.2B | $1.7B | $993M | $994M | $496M |
| Total liabilities | $3.3B | $3.4B | $2.3B | $1.9B | $2.2B |
| Shareholders' equity | $5.3B | $5.5B | $6.1B | $6.3B | $5.8B |
Cash flow
| Fiscal year | Oct 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Oct 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $1.8B | $1.4B | $1.9B | $1.8B | $1.3B |
| Capital expenditure | $638M | $489M | $210M | $157M | $195M |
| Free cash flow | $1.1B | $935M | $1.6B | $1.7B | $1.1B |
| Depreciation & amortisation | $332M | $394M | $388M | $265M | $279M |
| Stock-based compensation | $192M | $195M | $185M | $180M | $232M |
| Share buybacks | $196M | $887M | $175M | $77M | $830M |
| Dividends paid | $341M | $373M | $405M | $439M | $433M |
| Dividend per share | 2.06 | 2.30 | 2.54 | 2.74 | 2.81 |
Key ratios
| Fiscal year | Oct 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Oct 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 7.4% | −13.0% | −12.5% | −2.2% |
| Operating income growth (YoY) | – | −5.3% | −26.3% | −43.3% | −21.6% |
| EPS growth (YoY) | – | −12.9% | −21.5% | −39.8% | −16.5% |
| Gross margin | 49.2% | 47.5% | 44.2% | 41.2% | 41.2% |
| Operating margin | 31.6% | 27.8% | 23.6% | 15.3% | 12.2% |
| Net margin | 29.3% | 23.2% | 20.6% | 14.3% | 11.7% |
| Return on equityBlank when equity is negative | 28.3% | 23.3% | 16.2% | 9.4% | 8.3% |
| ROCEEBIT ÷ (assets − current liabilities) | 20.3% | 20.0% | 15.1% | 8.3% | 7.6% |
| Free cash flow margin | 22.2% | 17.0% | 34.5% | 39.9% | 27.1% |
| Cash conversion (CFO ÷ net income) | 1.18x | 1.12x | 1.89x | 3.06x | 2.73x |
| Receivable days | 54 | 73 | 66 | 44 | 53 |
| Inventory days | 124 | 154 | 153 | 117 | 115 |
| Payable days | 33 | 35 | 22 | 26 | 36 |
| Interest cover | −120x | 31.9x | 17.5x | 20.8x | 18.5x |
| Debt ÷ equity | 0.42x | 0.40x | 0.21x | 0.16x | 0.17x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $1.4B | $1.6B | $574M | −$374M | −$166M |
| Current ratio | 4.35x | 2.63x | 3.33x | 5.54x | 2.33x |
Recent filings
More in Semiconductors & Related Devices
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.