NASDAQ$SWKS

Skyworks Solutions · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

Skyworks reported Q4 and full year FY24 results.

Skyworks' Q4 2024 revenue was $1.025 billion, a 13% sequential increase. GAAP diluted EPS was $0.37, and non-GAAP diluted EPS was $1.55. The company generated annual operating cash flow of $1.825 billion and free cash flow of $1.668 billion.

  • Revenue for the fourth fiscal quarter of 2024 was $1.025 billion.
  • GAAP diluted earnings per share of $0.37.
  • Non-GAAP diluted earnings per share of $1.55.
  • Generated over $1.6 billion of free cash flow.

Headline financials

Total Revenue

$1.02B

Previous: $1.22B-15.9%
EPS (adj)

$1.55

Previous: $2.20-29.5%
Capital Expenditures

-$88.7M

Previous: $70.1M-226.5%
Net Income

$60.5M

Previous: $245M-75.3%
Operating Income

$59.5M

Previous: $254M-76.6%
Gross Profit

$430M

Previous: $478M-10.1%
R&D Expense

$164M

No prior period
Stock-Based Comp

$38.2M

Previous: $49.9M-23.4%

Revenue & EPS history

Skyworks · Revenue · Quarterly

$1.02B

Q4 2024-15.9%vs Q4 2023
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

For the December quarter, Skyworks expects revenue to be $1.05 billion to $1.08 billion with non-GAAP diluted earnings per share of $1.57 at the mid-point of the revenue range.

Tailwinds

  • Expects revenue to be $1.05 billion to $1.08 billion.
  • Mobile business to be up mid-single digits sequentially.
  • Driven by seasonal product ramps.
  • Anticipate further modest sequential growth in broad markets.
  • Return to year-over-year growth.

Headwinds

  • Difficult to estimate GAAP diluted earnings per share for Q1 2025.
  • Unanticipated changes in GAAP effective tax rate.
  • Unanticipated one-time charges related to asset impairments.
  • Unanticipated acquisition-related expenses.
  • Unanticipated settlements, gains, losses, and impairments.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

+0.7%

Avg return

Earnings day

-1.4%

Avg return

5 days after

-1.2%

Avg return

30 days after

52%

36 / 69 earnings

Positive

+14.3%

Q3 2012

Best reaction

-24.7%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-0.9%-4.5%+1.5%
Q1 2026+5.5%+10.0%-2.0%
Q4 2025+2.1%-4.6%-17.8%
Q2 2025+0.6%+8.6%+7.0%
Q1 2025-24.7%-25.1%-16.6%
Q4 2024-5.5%-4.9%+1.9%
Q3 2024-3.2%-10.8%-8.3%
Q2 2024-16.3%-14.2%-15.9%
Q1 2024-1.6%-4.7%-1.2%
Q4 2023+4.6%+2.6%+12.8%
Q3 2023-0.5%-1.9%-2.9%
Q2 2023-4.1%-6.7%+0.9%
Q1 2023+9.3%+6.3%+2.0%
Q4 2022+5.4%+6.3%+12.7%
Q3 2022+0.7%-4.6%-12.1%
Q2 2022-4.2%-10.8%-6.5%
Q1 2022-9.0%-5.5%-8.5%
Q4 2021-5.4%-5.4%-13.9%
Q3 2021-3.9%-2.0%-4.5%
Q2 2021-7.7%-11.6%-13.4%
Q1 2021+8.6%+19.0%+14.1%
Q4 2020-1.8%+3.9%+1.5%
Q3 2020-3.4%-1.2%+4.2%
Q2 2020+5.9%+12.5%+28.8%
Q1 2020-2.1%-4.1%-8.3%
Q4 2019+0.8%-1.0%+11.1%
Q3 2019+3.4%-1.8%+2.8%
Q2 2019-1.0%-5.6%-24.7%
Q1 2019+13.1%+9.1%+6.2%
Q4 2018-7.2%-12.8%-18.2%
Q3 2018-4.9%-7.4%-10.0%
Q2 2018+5.3%+5.8%+10.5%
Q1 2018+5.7%+3.7%+12.7%
Q4 2017-1.8%-2.5%-14.8%
Q3 2017+2.0%+0.9%-3.0%
Q2 2017-3.1%-2.2%+2.8%
Q1 2017+11.9%+16.4%+21.5%
Q4 2016+0.1%+3.1%-2.3%
Q3 2016-6.7%-5.2%+4.0%
Q2 2016-7.6%
Q1 2016+10.9%
Q4 2015+7.2%
Q3 2015-1.9%
Q2 2015+5.0%
Q1 2015+4.6%
Q4 2014-1.6%
Q3 2014+10.7%
Q2 2014+12.1%
Q1 2014+4.9%
Q4 2013+4.8%
Q3 2013+4.7%
Q2 2013-0.1%
Q1 2013+13.1%
Q4 2012-14.7%
Q3 2012+14.3%
Q2 2012+10.3%
Q1 2012+12.1%
Q4 2011+2.7%
Q3 2011+4.5%
Q2 2011-4.6%
Q1 2010-1.0%
Q1 2011+1.7%
Q4 2010-2.1%
Q4 2008-2.1%
Q3 2009-5.7%
Q3 2010-5.7%
Q4 2009+1.6%
Q2 2010+1.6%
Q2 2009+1.6%

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