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Skyworks Solutions, Inc., together with its consolidated subsidiaries ( Skyworks or the Company ), is a leading developer, manufacturer and provider of analog and mixed-signal semiconductor products and solutions for numerous applications, including aerospace, automotive, broadband, cellular infrastructure, connected home, defense, entertainment and gaming, industrial, medical, smartphone, tabl…
12.23% operating margin is respectable but not wide. ROIC at 6.21%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue declined 2.2% YoY. Margins deteriorated 3.0pp alongside, both lines moving the wrong way.
Free cash flow declined 34% versus the prior year, cash generation momentum has weakened. Operating margin contracted 3.0pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$4.04B
▼ -2.2% YoY
Net Income (TTM)
$361M
▼ -19.9% YoY
Op. Margin
9.09%
▼ -3.0pp YoY
ROIC
4.90%
▼ -1.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$704M
▼ -33.7% YoY
Op. Cash Flow (TTM)
$960M
▼ -28.7% YoY
Net Debt
-$232M
Net Cash Position
Cash & Equiv.
$1.42B
5Y CAGR: +4.0%
5Y CAGR: +6.3%
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