Skyworks Solutions (SWKS) financial statements

Technology · Semiconductors · Market cap $12.4B

Skyworks Solutions reported revenue of $4.1B in fiscal 2025, up 2.4% a year over 9 years.

Net income was $477M and the operating margin 12.2%, against 34.0% in 2016.

Free cash flow was $1.1B, and the company returned $433M in dividends and $830M in net buybacks.

The diluted share count fell 19% over the period (buybacks).

Revenue and free cash flow

Fiscal years, $ billions.

02462016201720182019202020212022202320242025RevenueFree cash flow
Embed this chart

Free to use in articles and newsletters with the source line. Paste this HTML:

Income statement

Fiscal years, from Skyworks Solutions's 10-K filings with the SEC.

Fiscal year2016201720182019202020212022202320242025
Revenue$3.3B$3.7B$3.9B$3.4B$3.4B$5.1B$5.5B$4.8B$4.2B$4.1B
Cost of revenue$1.6B$1.8B$1.9B$1.8B$1.7B$2.6B$2.9B$2.7B$2.5B$2.4B
Gross profit$1.7B$1.8B$2.0B$1.6B$1.6B$2.5B$2.6B$2.1B$1.7B$1.7B
Research and development$312M$355M$404M$424M$464M$532M$618M$607M$632M$786M
Selling, general and admin$196M$205M$208M$198M$231M$322M$330M$314M$301M$372M
Operating income$1.1B$1.3B$1.3B$952M$892M$1.6B$1.5B$1.1B$637M$500M
Interest expense———$0$0-$13M$48M$64M$31M$27M
Pre-tax income$1.2B$1.3B$1.3B$961M$892M$1.6B$1.5B$1.1B$636M$527M
Income tax$205M$247M$414M$107M$77M$100M$201M$96M$40M$50M
Net income$995M$1.0B$918M$854M$815M$1.5B$1.3B$983M$596M$477M
EPS (diluted)$5.18$5.41$5.01$4.89$4.80$8.97$7.81$6.13$3.69$3.08
Diluted shares192M187M183M174M170M167M163M160M162M155M
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%

Balance sheet

Fiscal years, from Skyworks Solutions's 10-K filings with the SEC.

Fiscal year2016201720182019202020212022202320242025
Cash and short-term investments$1.1B$1.6B$1.0B$1.1B$975M$1.0B$586M$734M$1.6B$1.4B
Receivables$417M$455M$656M$465M$358M$756M$1.1B$864M$509M$598M
Inventory$424M$494M$490M$610M$806M$885M$1.2B$1.1B$785M$755M
Total current assets$2.0B$2.6B$2.3B$2.2B$2.3B$2.9B$3.2B$3.2B$3.3B$3.1B
Property, plant and equipment$806M$882M$1.1B$1.2B$1.2B$1.5B$1.6B$1.4B$1.3B$1.2B
Goodwill$873M$883M$1.2B$1.2B$1.2B$2.2B$2.2B$2.2B$2.2B$2.2B
Total assets$3.9B$4.6B$4.8B$4.8B$5.1B$8.6B$8.9B$8.4B$8.3B$7.9B
Total current liabilities$210M$388M$390M$374M$448M$658M$1.2B$956M$603M$1.3B
Total liabilities$314M$508M$732M$717M$942M$3.3B$3.4B$2.3B$1.9B$2.2B
Shareholders' equity$3.5B$4.1B$4.1B$4.1B$4.2B$5.3B$5.5B$6.1B$6.3B$5.8B
Net debt-$1.1B-$1.6B-$733M-$851M-$567M-$883M-$67M-$419M-$1.4B-$662M

Cash flow

Fiscal years, from Skyworks Solutions's 10-K filings with the SEC.

Fiscal year2016201720182019202020212022202320242025
Operating cash flow$1.1B$1.5B$1.3B$1.4B$1.2B$1.8B$1.4B$1.9B$1.8B$1.3B
Capital spending$189M$303M$422M$398M$389M$638M$489M$210M$157M$195M
Free cash flow$888M$1.2B$838M$969M$815M$1.1B$935M$1.6B$1.7B$1.1B
Stock-based compensation$78M$88M$108M$80M$157M$192M$195M$185M$180M$232M
Dividends paid$201M$214M$243M$274M$307M$341M$373M$405M$439M$433M
Share buybacks (net)-$526M-$432M-$760M-$658M-$648M-$196M-$887M-$175M-$77M-$830M
Net borrowing———$0$0$2.2B-$50M-$900M-$300M$0
Free cash flow margin27.0%31.6%21.7%28.7%24.3%22.2%17.0%34.5%39.9%27.1%
Dividends per share$1.05$1.15$1.33$1.57$1.81$2.04$2.28$2.53$2.72$2.79
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for SWKS.
Open SWKS in Investingly

Questions

What was Skyworks Solutions's revenue in 2025?

$4.1B in fiscal 2025, from its 10-K filing.

How much free cash flow does Skyworks Solutions generate?

$1.1B in fiscal 2025 (operating cash flow minus capital spending).

From Skyworks Solutions's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.