Skyworks Solutions ( (SWKS) ) has released its Q4 earnings. Here is a breakdown of the information Skyworks Solutions presented to its investors.
Skyworks Solutions, Inc. is a global leader in the development and manufacturing of analog and mixed-signal semiconductors, serving a diverse range of applications spanning from automotive to wireless gaming and medical devices.
Skyworks Solutions has reported its financial results for the fourth quarter and full fiscal year of 2024, highlighting a revenue of $1.025 billion for the quarter and a significant annual free cash flow of $1.668 billion, which represents a 40% free cash flow margin.
The company has achieved a sequential revenue growth of 13% in the fourth quarter, driven by its strategic expansion in key areas such as 5G technology for premium smartphones and Wi-Fi 7 design for major brands. Despite a slight decrease in annual net income compared to the previous year, Skyworks has maintained a robust operating cash flow and non-GAAP diluted EPS of $1.55 for the quarter.
Skyworks also announced a dividend of $0.70 per share, reflecting its commitment to returning value to shareholders. Looking ahead to the first quarter of fiscal 2025, Skyworks anticipates revenue between $1.05 billion to $1.08 billion and expects growth in its mobile business driven by new product launches.
The company remains optimistic about the future, particularly regarding the anticipated AI-driven smartphone upgrade cycle that promises increased demand for complex RF solutions, positioning Skyworks favorably in the market for continued growth.
