The earnings call presented a mix of strong financial performance and growth in the mobile segment, along with challenges in managing excess inventory and muted demand in certain markets. While financial metrics were solid, the ongoing inventory issues and muted demand in some areas temper the overall outlook.

Company Guidance

During the fourth quarter fiscal year 2024 earnings call for Skyworks Solutions, the company reported revenue of $1.025 billion, with a gross margin of 46.5% and earnings per share of $1.55. The mobile segment represented 65% of total revenue, growing 21% sequentially, while the broad markets segment accounted for 35% of revenue, with a modest increase. Skyworks generated free cash flow of $393 million, maintaining an annual free cash flow above $1.6 billion for the second consecutive year. For the first quarter of fiscal 2025, Skyworks anticipates revenue between $1.050 billion and $1.080 billion, with a gross margin projected at 46% to 47%. The company highlighted its strong cash flow generation, with a free cash flow margin of 38% and ongoing strategic investments in technology and product development.

Strong Financial Performance

Skyworks posted revenue of $1.025 billion and delivered earnings per share of $1.55, meeting or exceeding guidance. Free cash flow was $393 million for the quarter, and annual free cash flow was above $1.6 billion for the second consecutive year.

Mobile Segment Growth

Mobile revenue grew 21% sequentially, with expectations for further growth in the December quarter as customer orders and channel inventory normalize.

AI and Technology Advancements

Skyworks is positioned to capitalize on AI-driven smartphone upgrades, with strong design wins in 5G content for premium Android smartphones and WiFi 7 design wins.

Cash Flow and Dividend Strength

Cash flow from operations was $476 million, with a free cash flow margin of 38%. The company paid $112 million in dividends, and cash and investments grew to $1.6 billion.

Broad Markets Progress

Signs of stabilization in broad markets with sequential growth for four consecutive quarters, indicating a recovery in Edge IoT and automotive segments.

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Skyworks Solutions (GB:0L77) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GB:0L77 Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 19, 2018	2018 (Q3)	- / 1.64	1.57	4.46% (+0.07)	―	―
Nov 08, 2018	2018 (Q4)	- / 1.94	1.82	6.59% (+0.12)	―	―
Feb 05, 2019	2019 (Q1)	- / 1.83	2	-8.50% (-0.17)	―	―
May 02, 2019	2019 (Q2)	- / 1.47	1.64	-10.37% (-0.17)	―	―
Aug 07, 2019	2019 (Q3)	- / 1.35	1.64	-17.68% (-0.29)	―	―
Nov 12, 2019	2019 (Q4)	- / 1.52	1.94	-21.65% (-0.42)	―	―
Jan 23, 2020	2020 (Q1)	- / 1.68	1.83	-8.20% (-0.15)	―	―
May 04, 2020	2020 (Q2)	- / 1.34	1.47	-8.84% (-0.13)	―	―
Jul 23, 2020	2020 (Q3)	- / 1.25	1.35	-7.41% (-0.10)	―	―
Nov 02, 2020	2020 (Q4)	- / 1.85	1.52	21.71% (+0.33)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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GB:0L77 Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 12, 2024	$85.52	$83.13	-2.80%
Jul 30, 2024	$117.66	$111.07	-5.60%
Apr 30, 2024	$105.17	$89.05	-15.32%
Jan 30, 2024	$101.14	$102.06	+0.91%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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