Short answer
Skyworks Solutions (SWKS) filed its fiscal 2025 10-K annual report with the SEC on Nov 7, 2025. It reported revenue of $4.1B (−2.2% year over year) and net income of $477M.
- Top risk flagged: Regulatory risk: Hart-Scott-Rodino Antitrust Act waiting period and other antitrust approvals required for Qorvo merger closing early 2027
FY2025 key financial metrics · XBRL
- Revenue
- $4.1B
- −2.2% YoY
- Net income
- $477M
- −19.9% YoY
- Operating margin
- 12.2%
- −3.0 pp YoY
- Gross margin
- 41.2%
- −0.0 pp YoY
- EPS (diluted)
- $3.08
- −16.5% YoY
- ROE
- 8.3%
- −1.1 pp YoY
- Operating cash flow
- $1.3B
- −28.7% YoY
Source: XBRL data from the Skyworks Solutions (SWKS) FY2025 10-K on SEC EDGAR. USD.
Skyworks Solutions FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: developer and manufacturer of analog and mixed-signal semiconductor solutions for wireless connectivity and diverse end markets
- Emphasis on next-generation 5G, AI-driven applications, and expanding segments: electric/hybrid vehicles, data centers, smart home, industrial, automotive infotainment
- Strategic diversification beyond mobile devices into automotive, factory automation, aerospace, and medical markets leveraging broad product portfolio and customer base of ~6,900
- Over 5,200 patents underpin broad technological capabilities including advanced filters, front-end modules, and system-in-package solutions
- Customer concentration: Apple remains key, contributing over 10% of net revenue; top three accounts represent 82% of gross accounts receivable at fiscal 2025 year-end
Management Discussion & Analysis
- Revenue $4,086.9M, down 2.2% YoY from $4,178.0M driven by decreased market share at major customer
- Gross margin 41.2% flat YoY; operating margin 12.2% vs 15.3% in prior year, net income margin 11.7% vs 14.3%
- Mobile and Wi-Fi products demand increased; significant customer segment revenue declined (exact segment breakdown not provided)
- Cash, cash equivalents, and marketable securities $1,388.4M, down 11.8% driven by $830.2M share buybacks, $432.6M dividends, $195M capex; operating cash flow $1,300.8M
- Leadership changes: new CEO Philip Brace appointed Feb 2025, new SVPs for Sales & Marketing and CFO appointed mid-2025
Risk Factors
- Regulatory risk: Hart-Scott-Rodino Antitrust Act waiting period and other antitrust approvals required for Qorvo merger closing early 2027
- Geopolitical risk: Foreign investment regime approvals critical for merger valued at $22.0 billion between Skyworks and Qorvo
- Operational risk: Completion of merger subject to Qorvo stockholder approval, with only 8% shares pledged by Starboard Value investors
- Market risk: Integration challenge from merging with Qorvo, competitor in connectivity and power solutions with overlapping semiconductor products
- Financial risk: $3,050 million senior unsecured bridge loan arranged with Goldman Sachs to fund $32.50 cash per Qorvo share in merger deal
Generated from the filing text; verify against the original. How to read a 10-K
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