01—Abstract
Summary
Summary of the 8-K filed May 7, 2025. Cited figures are marked; the original filing is the authoritative source.
Skyworks Solutions, Inc. (Nasdaq: SWKS) furnished this Form 8-K to report financial results for the second fiscal quarter of 2025, the three- and six-month periods ended March 28, 2025, through a press release attached as Exhibit 99.1.
Revenue for the quarter was $953.2 milliona, compared with $1,046.0 million in the prior-year quarter. GAAP operating income was $97.3 million and GAAP diluted EPS was $0.43, versus $189.2 million and $1.14 a year earlier. On a non-GAAP basis, operating income was $222.2 million and diluted EPS was $1.24.
Operating cash flow was $409.5 millionb and non-GAAP free cash flow was $371.0 million. Management stated that the company returned over $600 million to shareholders through share repurchases and dividends, which it described as the highest quarterly return ever. The company also declared a cash dividend of $0.70 per share, payable June 17, 2025, to stockholders of record at the close of business on May 27, 2025.
For the June 2025 quarter, Skyworks guided to revenue of $920 million to $960 millionc and non-GAAP diluted EPS of $1.24 at the midpoint of that range. Management expects its mobile business to decline low single digits sequentially, consistent with seasonal patterns, while Broad Markets are expected to show another quarter of sequential growth. The filing's forward-looking statements flag risks including tariffs and trade measures, customer concentration, and dependence on 5G adoption.
02—Key points
Key Highlights
- Q2 fiscal 2025 revenue of $953.2 million, down from $1,046.0 million in the year-earlier quarter
- GAAP diluted EPS of $0.43 versus $1.14 a year earlier; non-GAAP diluted EPS of $1.24 versus $1.55
- GAAP operating income of $97.3 million versus $189.2 million; non-GAAP operating income of $222.2 million versus $279.1 million
- Operating cash flow of $409.5 million and non-GAAP free cash flow of $371.0 million for the quarter
- $500.0 million stock repurchase program in the quarter; total shareholder returns exceeded $600 million, described as the highest quarterly return ever
- Quarterly cash dividend of $0.70 per share, payable June 17, 2025, to holders of record on May 27, 2025
- June quarter guidance: revenue of $920 million to $960 million; mobile business expected to decline low single digits sequentially
03—Questions
Frequently Asked Questions
How did Skyworks perform in the second fiscal quarter of 2025?
Revenue was $953.2 million, compared with $1,046.0 million in the prior-year quarter. GAAP net income was $68.7 million, or $0.43 per diluted share, versus $183.3 million, or $1.14 per diluted share, a year earlier. Non-GAAP diluted EPS was $1.24.
What is the dividend and when is it paid?
The board declared a cash dividend of $0.70 per share on common stock. It is payable June 17, 2025, to stockholders of record at the close of business on May 27, 2025.
What guidance did Skyworks give for the June 2025 quarter?
The company anticipates revenue of $920 million to $960 million and non-GAAP diluted EPS of $1.24 at the midpoint of that range. Management expects the mobile business to decline low single digits sequentially, while Broad Markets are expected to grow sequentially for another quarter.
How much cash did Skyworks return to shareholders and how did it do so?
The CEO said the company returned over $600 million to shareholders through share repurchases and dividends. The cash flow statement shows $500.0 million of stock repurchases under the stock repurchase program and $110.6 million of dividends paid in the quarter.
What operational drivers did management highlight?
Management pointed to 5G design wins across premium Android smartphones, including models from Samsung Galaxy, Google Pixel, and Oppo, as well as in-vehicle infotainment design wins with a major Japanese automotive OEM and a leading European automaker. It also cited expanded Wi-Fi 7 design wins.
04—Continue