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Skyworks SolutionsSWKS

Legal name
Skyworks Solutions, Inc.
Sector
Technology
Industry
Semiconductors & Related Devices
Exchange
Nasdaq

Stock Price $SWKS

Latest filings

You are here#84 of 91 in Technology by market cap

Filing record · 2016–202610-K2110-Q338-K121

SWKS filed 21 annual reports (10-K), 33 quarterly reports (10-Q) and 121 current reports (8-K) between 2016 and 2026.

  1. FY2019 annual report10-K · Nov ’19Nov ’19
  2. Leadership change8-K · Feb ’22Feb ’22
  3. Leadership change8-K · Dec ’25Dec ’25

01—Key figures

Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025

Revenue Trend

Year-over-year comparison from 10-K annual reports

  18. $4.09B
YoY changeLargest recent move+52.3%in FY21Latest −2.2%

Latest bar from 10-KFY2025Click a bar to open its SEC filing

View full history →
All SWKS Financial Metrics59 metrics

Income Statement16

Balance Sheet23

Cash Flow15

Per Share5

02—Overview

Skyworks Solutions Financial Overview 2021–2025

Updated Nov 4, 2026

Apple took 69%a of Skyworks' revenue in FY2024, up from 59% in FY2021. That is the number that defines this story: a business whose growth engine, and now its biggest risk, sits in a single customer's supply chain. The core thesis is that Skyworks has traded a once-great earnings stream for a cash-rich but shrinking one, and the Qorvo merger is its bet on escaping that dependence.

The long-term arc is stark. Revenue rose from $5,109.1 millionb in FY2021 to a peak of $5,485.5 million in FY2022, then slid to $4,086.9 million in FY2025. Diluted EPS fell from $8.97 to $3.08 over the same span. Gross margin dropped from 49.2% to 41.2%, while R&D climbed 24.3% to $785.5 million in FY2025. Spending went up as sales went down, and net income fell to $477.1 million from $1,498.3 million.

The balance sheet is the counterweight. Operating cash flow was $1,300.8 millionc in FY2025, and the company returned $830.2 million in buybacks and $432.6 million in dividends. Cash and securities stood at $1,388.4 million against just $995.8 million of senior notes. The market priced all this at 25.0x earnings at the close of FY2025 ($77.10 per share, $11.5 billion market cap). The October 2025 Qorvo deal, valuing the combined company at roughly $22.0 billion, asks investors to pay for scale and $500 million of targeted synergies rather than for a recovery in the standalone business.

Recent Developments (Q2 and Q3 2026)

Skyworks closed the Qorvo merger on October 5, 2026, ending a deal process that cleared the FTC and foreign regulators by late September. Legacy holders own 63% of the combined company. Funding came from $2.0 billiond of senior notes issued in August 2026, plus exchanged Qorvo notes. Standalone results stayed weak. Revenue was $943.7 million in Q2 2026 and $934.8 million in Q3 2026, with Q3 diluted EPS of $0.22 versus $0.70. Gross margin slipped to 40.1% from 41.6%. In July 2026, the board ended the quarterly dividend and authorized a new $2.0 billion buyback through January 2029. Debt fell to $496.9 million before the new notes.

Bull case: Q4 2026 guidance of $1,010 million to $1,060 millione, a $1 billion Android design win through 2030, and $500 million of synergies. Bear case: market share loss at a key customer, negative free cash flow of $(16.7) million in Q3, and a heavier debt load. At 18.9x earnings as of the July 27, 2026 quarterly report, not today, the stock looks cheaper than at FY2025 year-end.

What to watch: synergy delivery against the 24 to 36 month target; deleveraging pace and buyback use after the $2.0 billion debt raise

03—Filings

Recent SEC Filings

  1. 8-KSkyworks Solutions 8-K Report, Financial Results (Nov 3, 2026)
  2. 8-KSkyworks Solutions 8-K Report, Material Agreement (Oct 7, 2026)On October 7, 2026, Skyworks Solutions, Inc. completed its previously announced exchange offers and consent solicitations for senior notes issued by Qorvo, Inc. Under the exchange offers, holders tendered and had accepted $779,384,000 aggregate principal of Qorvo's 4.375% Senior Notes due 2029 and $647,096,000 aggregate principal of Qorvo's 3.375% Senior Notes due 2031. Skyworks issued in exchange $778,096,000 of new 4.375% Senior Notes due October 15, 2029 and $646,805,000 of new 3.375% Senior Notes due April 1, 2031. The exchange offers expired at 5:00 p.m. New York City time on October 5, 2026, and are no longer open to participation. Following settlement, $70,616,000 of the 2029 Qorvo Notes and $52,904,000 of the 2031 Qorvo Notes remain outstanding. As part of the consent solicitations, Qorvo entered into supplemental indentures adopting proposed amendments to each series of its notes. Depending on the amendment, these became operative either upon the Settlement Date or immediately before the closing of a transaction in which Qorvo merged with and into a Skyworks subsidiary, which continues as the surviving wholly-owned subsidiary of Skyworks. The new Skyworks notes are senior unsecured obligations of the parent company, effectively subordinated to its secured debt to the extent of the value of collateral, and structurally subordinated to all obligations of its subsidiaries. The notes were issued under a base indenture dated August 10, 2026, with U.S. Bank Trust Company, National Association as trustee. The filing is primarily a financing-structure disclosure. It reports the completion of the debt exchange and the issuance of the new notes, and it reflects the Qorvo merger-related transactions described in the consent solicitation. The 8-K does not provide earnings or operating results.
  3. 8-KSkyworks Solutions 8-K Report, Acquisition Completed (Oct 5, 2026)On October 5, 2026, Skyworks Solutions, Inc. completed its previously announced merger with Qorvo, Inc. Under the Merger Agreement dated October 27, 2025, Merger Sub I merged into Qorvo, which then merged into Merger Sub II, with Merger Sub II continuing as a wholly owned subsidiary of Skyworks. Qorvo common stockholders received 0.960 shares of Skyworks common stock and $32.50 in cash per share. Skyworks issued $800 million of 5.000% Senior Notes due 2028, $600 million of 5.750% Senior Notes due 2032 and $600 million of 6.250% Senior Notes due 2036 on August 10, 2026, with net proceeds used to finance the cash consideration. The filing states that legacy Skyworks shareholders will own approximately 63% of the combined company and legacy Qorvo shareholders approximately 37%, on a fully diluted basis. The company said the combination is expected to be immediately accretive to non-GAAP EPS and to deliver annualized cost synergies of $500 million or more, expected within 24 to 36 months after close. Skyworks will provide financial guidance on its fiscal fourth-quarter earnings call on November 3. Governance changes took effect at closing: the Skyworks board expanded to eleven directors, including three Qorvo designees (Robert A. Bruggeworth, Richard L. Clemmer and Christopher R. Koopmans). Kevin L. Beebe resigned from the board, and Robert Terry departed as Senior Vice President, General Counsel and Secretary, with Jason K. Givens succeeding him. Financial statements and pro forma information required by Item 9.01 will be filed by amendment.
  4. 8-KSkyworks Solutions 8-K Report, Corporate Update (Sep 30, 2026)Skyworks Solutions, Inc. filed this Form 8-K on September 30, 2026 to report, under Item 8.01 (Other Events), that it issued a press release the same day announcing it has received all necessary regulatory clearances to proceed with its previously announced combination with Qorvo, Inc. The parties expect to close the Mergers on or about October 5, 2026, subject to the satisfaction or waiver of the remaining customary closing conditions. The transaction was first announced on October 28, 2025 and is structured as a cash-and-stock deal intended to create a U.S.-based, global leader in high-performance radio frequency, analog and mixed-signal semiconductors. In connection with the transaction, Skyworks has offered to exchange any and all outstanding 4.375% Senior Notes due 2029 and 3.375% Senior Notes due 2031 issued by Qorvo for new Skyworks notes, alongside consent solicitations to amend the related Qorvo indentures. The exchange offers are conditioned on the closing of the Mergers, a condition Skyworks may not waive, and the Mergers are not conditioned on the results of the exchange offers. Skyworks expects to pay the Consent Payments concurrently with or promptly after closing. The exchange offers are currently expected to expire at 5:00 p.m. New York City time on October 2, 2026, and Skyworks anticipates issuing a separate press release to extend the expiration to a date after the closing of the Mergers. The filing is largely informational and includes standard forward-looking statement cautions and legal notices referencing the Form S-4 (File No. 333-291947), which the filing states was declared effective on December 23, 2025 (the press release separately references an effective date of May 29, 2026 for the exchange-offer prospectus). The filing does not disclose financial results, pricing, or the financial terms of the Mergers beyond the cash-and-stock structure.
  5. 8-KSkyworks Solutions 8-K Report, Corporate Update (Sep 2, 2026)On September 2, 2026, Skyworks Solutions, Inc. filed a Current Report on Form 8-K disclosing, under Item 8.01 (Other Events), that it extended the Expiration Date of its offers to exchange any and all of Qorvo, Inc.'s outstanding 4.375% Senior Notes due 2029 and 3.375% Senior Notes due 2031. The Expiration Date moved from 5:00 p.m. New York City time on September 1, 2026 to 5:00 p.m. New York City time on September 11, 2026, unless further extended or terminated. The exchange offers are made under Skyworks' Form S-4 declared effective on May 29, 2026, and are conditioned on the closing of the mergers under which Qorvo will merge with a Skyworks subsidiary; that condition cannot be waived by Skyworks, and the closing of the mergers is not conditioned on the exchange offer results. As of 5:00 p.m. on September 1, 2026, holders had validly tendered $767,518,000 of the $850,000,000 2029 Qorvo Notes (90.30%) and $653,022,000 of the $700,000,000 2031 Qorvo Notes (93.29%). In exchange, Skyworks would issue up to $850,000,000 of new 4.375% Senior Notes due 2029 and up to $700,000,000 of new 3.375% Senior Notes due 2031. Skyworks states it hopes the mergers will close within the calendar year and is preparing to close as early as within the fiscal year, but it cautions there can be no assurance of that timeline. Settlement is expected promptly after the Expiration Date and no earlier than the second business day after the merger closing.
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04—See also

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