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SWKSSkyworks Solutions

Technology · Semiconductors · Nasdaq
Headquarters
Irvine, CA
CEO
Philip G. Brace
Next results
around Feb 2, 2027
Compare with peers → Embed
All key numbers (40, from the latest 10-K and 10-Q) From EDGAR
EPS (ttm)1.93Sales (ttm)4.0BNet income (ttm)290.1MSales growth-2.2%EPS growth-16.5%Sales Q/Q-3.1%
Free cash flow434.2MGross margin40.7%Oper. margin7.6%Net margin7.2%FCF margin10.8%ROE5.1%
ROA3.9%R&D / sales19.2%Dividend2.81Debt/Eq0.09Curr. ratio3.10Cash790.0M
Op. cash flow (ttm)716.2MEBITDA778.7MEBITDA margin19.1%Net debt-293.1MQuick ratio2.24Interest cover18.45
ROIC7.3%Payout ratio91.2%Tax rate9.4%Stock pay / sales5.7%Shares out.150.5MShares Y/Y-4.0%
Book / share38.14Cash / share5.25Sales / share26.68Asset turnover0.54Inventory turns3.19Days sales out.53
Sales 3Y CAGR-9.3%Sales 5Y CAGR+4.0%EPS 3Y CAGR-26.6%EPS 5Y CAGR-8.5%

Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.

Changes in the numbers

FY2025 against FY2024
  • Free cash flow fell 34%$1.7B → $1.1B · Cash from operations − capital expenditure · 10-K ↗
  • Revenue growth sped up to -2.2%-12.5% → -2.2% · Revenue FY2025 / revenue FY2024 − 1, against the same a year earlier · 10-K ↗
  • Operating margin narrowed to 12.2%15.3% → 12.2% · Operating income / revenue · 10-K ↗
What management wrote about it → · Every company →

SWKS against Technology peers

Ten years, side by side → · All 75 →
GrowthProfitBalanceCleanInsiders
SWKSPeer median

Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How

Every dot is one of the 75 companies, the better end on the right. Hover a dot for the company.

Sales growth
-2.2%71st of 75 · median +14.1%
Net margin
7.2%62nd of 75 · median 19.1%
Return on equity
5.1%63rd of 69 · median 23.9%
Free cash flow margin
10.8%57th of 71 · median 22.3%
Debt / equity (less is better)
0.096th of 61 · median 0.46
SWKS and the 5 peers closest in revenue
CompanyRevenue (ttm)Sales growthGross marginNet marginROEFCF marginDebt / equity
SWKS Skyworks Solutions$4.0B -2.2%40.7%7.2%5.1%10.8%0.09
DDOG Datadog$4.3B +27.7%79.6%6.1%5.6%28.7%-
P Everpure$4.3B +15.6%69.7%5.9%16.4%3.0%-
TRMB Trimble Inc.$3.8B -2.6%69.6%-4.1%-3.2%20.7%0.31
LITE Lumentum$3.7B +83.2%45.9%-175.8%-143.9%9.5%0.60
MPWR Monolithic Power Systems$3.7B +26.4%55.3%23.9%23.9%16.3%-

From $5.1B of sales to $1.5B of profit

FY2021, from the 10-K income statement
Revenue to Gross profit: $2.5BRevenue to Cost of revenue: $2.6BGross profit to Operating profit: $1.6BGross profit to Operating expenses: $899.7MOperating profit to Net profit: $1.5BOperating profit to Tax & other: $114.4MOperating expenses to R&D: $532.3MOperating expenses to Sales, admin & other: $367.4M Revenue: $5.1B Revenue$5.1B +52% Y/Y Gross profit: $2.5B · 49% margin Gross profit$2.5B49% margin +56% Y/Y Cost of revenue: $2.6B · 51% of revenue Cost of revenue$2.6B51% of revenue Operating profit: $1.6B · 32% margin Operating profit$1.6B32% margin +81% Y/Y Operating expenses: $899.7M · 18% of revenue Operating expenses$899.7M18% of revenue Net profit: $1.5B · 29% margin Net profit$1.5B29% margin +84% Y/Y Tax & other: $114.4M · 2% of revenue Tax & other$114.4M2% of revenue R&D: $532.3M · 10% of revenue R&D$532.3M10% of revenue Sales, admin & other: $367.4M · 7% of revenue Sales, admin & other$367.4M7% of revenue

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From $5.5B of sales to $1.3B of profit

FY2022, from the 10-K income statement and revenue by region
United States to Revenue: $3.7BTaiwan to Revenue: $430.4MChina to Revenue: $599.6MSouth Korea to Revenue: $458.2MEurope, Middle East, and Africa to Revenue: $235.8MOther Asia-Pacific to Revenue: $75.8MRevenue to Gross profit: $2.6BRevenue to Cost of revenue: $2.9BGross profit to Operating profit: $1.5BGross profit to Operating expenses: $1.1BOperating profit to Net profit: $1.3BOperating profit to Tax & other: $251.8MOperating expenses to R&D: $617.9MOperating expenses to Sales, admin & other: $459.4M United States: $3.7B · 67% United States$3.7B67% Taiwan: $430.4M · 8% Taiwan$430.4M8% China: $599.6M · 11% China$599.6M11% South Korea: $458.2M · 8% South Korea$458.2M8% Europe, Middle East, and Africa: $235.8M · 4% Europe, Middle East, an…$235.8M4% Other Asia-Pacific: $75.8M · 1% Other Asia-Pacific$75.8M1% Revenue: $5.5B Revenue$5.5B +7% Y/Y Gross profit: $2.6B · 47% margin Gross profit$2.6B47% margin +4% Y/Y Cost of revenue: $2.9B · 53% of revenue Cost of revenue$2.9B53% of revenue Operating profit: $1.5B · 28% margin Operating profit$1.5B28% margin −5% Y/Y Operating expenses: $1.1B · 20% of revenue Operating expenses$1.1B20% of revenue Net profit: $1.3B · 23% margin Net profit$1.3B23% margin −15% Y/Y Tax & other: $251.8M · 5% of revenue Tax & other$251.8M5% of revenue R&D: $617.9M · 11% of revenue R&D$617.9M11% of revenue Sales, admin & other: $459.4M · 8% of revenue Sales, admin & other$459.4M8% of revenue

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From $4.8B of sales to $982.8M of profit

FY2023, from the 10-K income statement and revenue by region
United States to Revenue: $3.6BTaiwan to Revenue: $344.4MChina to Revenue: $358.3MSouth Korea to Revenue: $198.3MEurope, Middle East, and Africa to Revenue: $204.2MOther Asia-Pacific to Revenue: $63.3MRevenue to Gross profit: $2.1BRevenue to Cost of revenue: $2.7BGross profit to Operating profit: $1.1BGross profit to Operating expenses: $982.3MOperating profit to Net profit: $982.8MOperating profit to Tax & other: $142.2MOperating expenses to R&D: $606.8MOperating expenses to Sales, admin & other: $375.5M United States: $3.6B · 76% United States$3.6B76% Taiwan: $344.4M · 7% Taiwan$344.4M7% China: $358.3M · 8% China$358.3M8% South Korea: $198.3M · 4% South Korea$198.3M4% Europe, Middle East, and Africa: $204.2M · 4% Europe, Middle East, an…$204.2M4% Other Asia-Pacific: $63.3M · 1% Other Asia-Pacific$63.3M1% Revenue: $4.8B Revenue$4.8B −13% Y/Y Gross profit: $2.1B · 44% margin Gross profit$2.1B44% margin −19% Y/Y Cost of revenue: $2.7B · 56% of revenue Cost of revenue$2.7B56% of revenue Operating profit: $1.1B · 24% margin Operating profit$1.1B24% margin −26% Y/Y Operating expenses: $982.3M · 21% of revenue Operating expenses$982.3M21% of revenue Net profit: $982.8M · 21% margin Net profit$982.8M21% margin −23% Y/Y Tax & other: $142.2M · 3% of revenue Tax & other$142.2M3% of revenue R&D: $606.8M · 13% of revenue R&D$606.8M13% of revenue Sales, admin & other: $375.5M · 8% of revenue Sales, admin & other$375.5M8% of revenue

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From $4.2B of sales to $596.0M of profit

FY2024, from the 10-K income statement
Revenue to Gross profit: $1.7BRevenue to Cost of revenue: $2.5BGross profit to Operating profit: $637.4MGross profit to Operating expenses: $1.1BOperating profit to Net profit: $596.0MOperating profit to Tax: $41.4MOperating expenses to R&D: $631.7MOperating expenses to Sales, admin & other: $451.7M Revenue: $4.2B Revenue$4.2B −12% Y/Y Gross profit: $1.7B · 41% margin Gross profit$1.7B41% margin −18% Y/Y Cost of revenue: $2.5B · 59% of revenue Cost of revenue$2.5B59% of revenue Operating profit: $637.4M · 15% margin Operating profit$637.4M15% margin −43% Y/Y Operating expenses: $1.1B · 26% of revenue Operating expenses$1.1B26% of revenue Net profit: $596.0M · 14% margin Net profit$596.0M14% margin −39% Y/Y Tax: $41.4M · 1% of revenue Tax$41.4M1% of revenue R&D: $631.7M · 15% of revenue R&D$631.7M15% of revenue Sales, admin & other: $451.7M · 11% of revenue Sales, admin & other$451.7M11% of revenue

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From $4.1B of sales to $477.1M of profit

FY2025, from the 10-K income statement and revenue by region
United States to Revenue: $3.2BTaiwan to Revenue: $259.1MChina to Revenue: $254.2MSouth Korea to Revenue: $190.1MEurope, Middle East, and Africa to Revenue: $185.8MOther Asia-Pacific to Revenue: $40.6MRevenue to Gross profit: $1.7BRevenue to Cost of revenue: $2.4BGross profit to Operating profit: $500.0MGross profit to Operating expenses: $1.2BOperating profit to Net profit: $477.1MOperating profit to Tax & other: $22.9MOperating expenses to R&D: $785.5MOperating expenses to Sales, admin & other: $396.6M United States: $3.2B · 77% United States$3.2B77% Taiwan: $259.1M · 6% Taiwan$259.1M6% China: $254.2M · 6% China$254.2M6% South Korea: $190.1M · 5% South Korea$190.1M5% Europe, Middle East, and Africa: $185.8M · 5% Europe, Middle East, an…$185.8M5% Other Asia-Pacific: $40.6M · 1% Other Asia-Pacific$40.6M1% Revenue: $4.1B Revenue$4.1B −2% Y/Y Gross profit: $1.7B · 41% margin Gross profit$1.7B41% margin −2% Y/Y Cost of revenue: $2.4B · 59% of revenue Cost of revenue$2.4B59% of revenue Operating profit: $500.0M · 12% margin Operating profit$500.0M12% margin −22% Y/Y Operating expenses: $1.2B · 29% of revenue Operating expenses$1.2B29% of revenue Net profit: $477.1M · 12% margin Net profit$477.1M12% margin −20% Y/Y Tax & other: $22.9M · 1% of revenue Tax & other$22.9M1% of revenue R&D: $785.5M · 19% of revenue R&D$785.5M19% of revenue Sales, admin & other: $396.6M · 10% of revenue Sales, admin & other$396.6M10% of revenue

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Where each $100 of sales went

FY2021
FY2022
FY2023
FY2024
FY2025
  • Cost of revenue
  • R&D
  • Sales, admin & other
  • Tax, less other income
  • Net profit

Band widths are the money. Gross profit is revenue less cost of revenue; operating expenses are gross profit less operating profit; R&D is from the income statement and the rest of the operating expenses is everything else; tax includes interest and other items when they are small. Y/Y is the change from the fiscal year before. Revenue by part only for the years in the last two 10-Ks' segment tables. The full income statement →

Profitability

1 of 4
  • !
    Net margin below the peer median7.2% vs 19.1%
  • !
    Gross margin down over 5 years48.1% → 41.2%
  • !
    Return on equity below 15%5.1%
  • ✓
    A profit in every one of 10 years
Net margin, FY2016 to FY2025: 30.3% → 11.7%

Balance sheet

4 of 4
  • ✓
    Interest covered more than 5 timesOperating income is 18.5× interest expense
  • ✓
    Debt smaller than equityDebt / equity 0.09 on the latest balance sheet (peer median 0.46)
  • ✓
    Current assets cover current liabilitiesCurrent ratio 3.10
  • ✓
    More cash than debtNet cash $506.0M
Debt / equity at each year end, FY2016 to FY2025: 0.00 → 0.17

Cash and shareholders

4 of 4
  • ✓
    Free cash flow positive in every one of 10 years$1.1B last year
  • ✓
    Share count down over 5 years−8.7%
  • ✓
    Dividend per share up over 5 years$1.82 → $2.81
  • ✓
    Cash from operations above net income$1.3B vs $477.1M
Free cash flow, FY2016 to FY2025: 888.4M → 1.1B

Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.

Revenue and net income, FY2016 to FY2025

Revenue 4.1B Net income 477.1M
FY2016 revenue 3.3B · SalesRevenueNet, 0000004127-18-000046 FY2016 net income 995.2M · NetIncomeLoss, 0000004127-18-000046 3.3B FY2016 FY2017 revenue 3.7B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000004127-19-000049 FY2017 net income 1.0B · NetIncomeLoss, 0000004127-19-000049 3.7B FY2017 FY2018 revenue 3.9B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000004127-20-000058 FY2018 net income 918.4M · NetIncomeLoss, 0000004127-20-000058 3.9B FY2018 FY2019 revenue 3.4B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000004127-21-000058 FY2019 net income 853.6M · NetIncomeLoss, 0000004127-21-000058 3.4B FY2019 FY2020 revenue 3.4B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000004127-22-000038 FY2020 net income 814.8M · NetIncomeLoss, 0000004127-22-000038 3.4B FY2020 FY2021 revenue 5.1B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000004127-23-000030 FY2021 net income 1.5B · NetIncomeLoss, 0000004127-23-000030 5.1B FY2021 FY2022 revenue 5.5B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000004127-24-000131 FY2022 net income 1.3B · NetIncomeLoss, 0000004127-24-000131 5.5B FY2022 FY2023 revenue 4.8B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000004127-25-000085 FY2023 net income 982.8M · NetIncomeLoss, 0000004127-25-000085 4.8B FY2023 FY2024 revenue 4.2B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000004127-25-000085 FY2024 net income 596.0M · NetIncomeLoss, 0000004127-25-000085 4.2B FY2024 FY2025 revenue 4.1B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000004127-25-000085 FY2025 net income 477.1M · NetIncomeLoss, 0000004127-25-000085 4.1B FY2025

From XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →

SWKS's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.

Revenue4.1B
FY2016: 3.3BFY2017: 3.7BFY2018: 3.9BFY2019: 3.4BFY2020: 3.4BFY2021: 5.1BFY2022: 5.5BFY2023: 4.8BFY2024: 4.2BFY2025: 4.1B FY2017FY2019FY2021FY2023FY2025
Net income477.1M
FY2016: 995.2MFY2017: 1.0BFY2018: 918.4MFY2019: 853.6MFY2020: 814.8MFY2021: 1.5BFY2022: 1.3BFY2023: 982.8MFY2024: 596.0MFY2025: 477.1M FY2017FY2019FY2021FY2023FY2025
Free cash flow1.1B
FY2016: 888.4MFY2017: 1.2BFY2018: 838.3MFY2019: 969.0MFY2020: 815.1MFY2021: 1.1BFY2022: 935.2MFY2023: 1.6BFY2024: 1.7BFY2025: 1.1B FY2017FY2019FY2021FY2023FY2025
EPS (diluted)3.08
FY2016: 5.18FY2017: 5.41FY2018: 5.01FY2019: 4.89FY2020: 4.80FY2021: 8.97FY2022: 7.81FY2023: 6.13FY2024: 3.69FY2025: 3.08 FY2017FY2019FY2021FY2023FY2025
Dividend per share2.81
FY2016: 1.06FY2017: 1.16FY2018: 1.34FY2019: 1.58FY2020: 1.82FY2021: 2.06FY2022: 2.30FY2023: 2.54FY2024: 2.74FY2025: 2.81 FY2017FY2019FY2021FY2023FY2025
Diluted shares155.1M
FY2016: 192.1MFY2017: 186.7MFY2018: 183.2MFY2019: 174.5MFY2020: 169.9MFY2021: 167.0MFY2022: 163.3MFY2023: 160.3MFY2024: 161.5MFY2025: 155.1M FY2017FY2019FY2021FY2023FY2025

Revenue by region

year to Oct 3, 2025
RevenueSharevs year before
United States 3.2B77.2% -1.4%
Taiwan 259.1M6.3% -18.4%
China 254.2M6.2% -16.2%
South Korea 190.1M4.7% -6.8%
Europe, Middle East, and Africa 185.8M4.5% +62.3%
Other Asia-Pacific 40.6M1.0% +11.2%

10-K 0000004127-25-000085, segment and revenue notes (XBRL).

Income statement

From EDGAR
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue3.3B3.7B3.9B3.4B3.4B5.1B5.5B4.8B4.2B4.1B
Cost of revenue1.6B1.8B1.9B1.8B1.7B2.6B2.9B2.7B2.5B2.4B
Gross profit1.7B1.8B2.0B1.6B1.6B2.5B2.6B2.1B1.7B1.7B
R&D312.4M355.2M404.5M424.1M464.1M532.3M617.9M606.8M631.7M785.5M
SG&A195.9M204.6M207.8M198.3M231.4M322.5M329.8M314.0M300.8M371.5M
Operating income1.1B1.3B1.3B952.0M891.8M1.6B1.5B1.1B637.4M500.0M
Interest expense---00-13.4M47.9M64.4M30.7M27.1M
Pretax income1.2B1.3B1.3B961.0M891.7M1.6B1.5B1.1B636.4M526.7M
Income tax205.4M246.8M413.7M107.4M76.9M100.4M201.4M96.0M40.4M49.6M
Net income995.2M1.0B918.4M853.6M814.8M1.5B1.3B982.8M596.0M477.1M
EPS (diluted)5.185.415.014.894.808.977.816.133.693.08
Diluted shares192.1M186.7M183.2M174.5M169.9M167.0M163.3M160.3M161.5M155.1M
Depreciation & amortization214.4M227.2M272.5M314.9M318.3M332.2M394.4M387.8M264.8M278.7M
EBITDA1.3B1.5B1.6B1.3B1.2B1.9B1.9B1.5B902.2M778.7M
Gross margin50.6%50.4%50.4%47.5%48.1%49.2%47.5%44.2%41.2%41.2%
Operating margin34.0%34.3%34.1%28.2%26.6%31.6%27.8%23.6%15.3%12.2%
Net margin30.3%27.7%23.7%25.3%24.3%29.3%23.2%20.6%14.3%11.7%
Revenue growth-+11.0%+5.9%-12.7%-0.6%+52.3%+7.4%-13.0%-12.5%-2.2%
EPS growth-+4.4%-7.4%-2.4%-1.8%+86.9%-12.9%-21.5%-39.8%-16.5%

Cash flow

From EDGAR

Stock-based pay and leases

From EDGAR
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Stock-based pay (expense)78.0M88.5M107.8M80.1M156.6M191.9M195.2M185.1M180.3M232.4M
Stock-based pay / revenue2.4%2.4%2.8%2.4%4.7%3.8%3.6%3.9%4.3%5.7%
Operating lease cost------43.6M39.8M35.5M39.5M
Operating lease cash paid----25.4M32.5M32.0M34.0M35.4M38.3M
Right-of-use assets---0167.9M166.1M223.0M205.4M191.6M192.4M
Operating lease liabilities----178.9M177.5M225.4M217.0M206.1M207.3M

From SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.

Work on SWKS in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/SWKS/export.csv") into a cell.