Record Shareholder Returns
Skyworks returned a record $600 million to shareholders through share repurchases and dividend payments, the highest amount ever.
Strong Free Cash Flow
The company generated free cash flow of $371 million, resulting in a 39% free cash flow margin, showcasing robust cash generation.
Growth in Diversified Businesses
Broad markets portfolio, including Edge IoT, automotive, and industrial, increased 2% sequentially and grew 3% year-over-year, marking five consecutive quarters of growth.
Wi-Fi 7 and Automotive Growth
Wi-Fi 7 adoption is accelerating, and the automotive segment is seeing strong year-over-year growth driven by software-defined vehicles.
Financial Discipline
Skyworks exceeded gross margin expectations at 46.7% and maintained strong operating cash flow, highlighting financial discipline and operational efficiency.
Leadership Team Strengthening
New executive appointments include Mark Dentinger as CFO and Todd Lepinski as Senior Vice President of Sales and Marketing, indicating a focus on strategic leadership.