Companies

Skyworks Solutions Inc

NASDAQ: SWKS
$65.69
▼ $1.67 (−2.48%) today
Markets open · 10:32am ET

Q2 2025 Earnings

Reported May 7, 2025, 4:03pm ET · SEC source
$1.24
Beat +3.09%
EPS · est. $1.20
$953.2M
Beat +0.18%
Revenue · est. $951.5M
+4.7%
Beating market
SWKS vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−9%−6%−3%0May 7May 8report 4:03pm ETearnings+0.6%−3.5%
−9%−6%−3%0May 7May 8earnings+0.6%−3.5%
SWKS −3.5%S&P 500 +0.6%
−8%−4%0May 7May 8report 4:03pm ETearnings+1.0%−3.5%
−8%−4%0May 7May 8earnings+1.0%−3.5%
SWKS −3.5%NASDAQ +1.0%
0+5%+10%May 6May 15report 4:03pm ETearnings+5.2%+10.8%
0+5%+10%May 6May 15earnings+5.2%+10.8%
SWKS +10.8%S&P 500 +5.2%
0+5%+10%May 6May 15report 4:03pm ETearnings+7.4%+10.8%
0+5%+10%May 6May 15earnings+7.4%+10.8%
SWKS +10.8%NASDAQ +7.4%
+0.61%
Day of report
+1.37%
Next session
+7.42%
One week
+11.38%
30 days

S&P 500 over the same 30 days: +6.73%.

Did SWKS Beat Earnings? Q2 2025 Results

Skyworks Solutions posted a modest but clean beat in its fiscal second quarter of 2025, delivering non-GAAP diluted EPS of $1.24 against a consensus estimate of $1.20, a 3.09% beat, while revenue of $953.20 million edged past the $951.50 million estimate by 0.18%. The headline results came despite an 8.9% year-over-year revenue decline from $1.05 billion, with non-GAAP net income slipping to $196.80 million from $250.70 million a year ago as heavier R&D investment, rising to $186.50 million from $154.40 million, compressed the non-GAAP operating margin to 23.3% from 26.7%. The quarter's clearest bright spot was cash generation, with operating cash flow reaching $409.50 million and free cash flow hitting $371.00 million, both well ahead of year-ago levels. Design wins across Samsung, Google Pixel, and Oppo flagships, along with Wi-Fi 7 and automotive infotainment traction, underscored the company's diversification efforts. Looking ahead, Skyworks guided Q3 revenue of $920 million to $960 million with non-GAAP EPS of $1.24 at the midpoint, as Broad Markets momentum is expected to partially offset typical mobile seasonality.

Key Takeaways
  • Diversified product portfolio and disciplined execution
  • Strong free cash flow generation with 43% operating cash flow margin and 39% free cash flow margin
  • Non-GAAP gross margin expansion to 46.7% from 45.0% year-over-year
  • Strategic customer engagements across 5G, automotive, and Wi-Fi 7 markets

“Skyworks delivered solid results this quarter, underscored by our diversified product portfolio, disciplined execution, and strategic engagements with customers.”

Skyworks Solutions CEO, on the earnings call

Forward Guidance & Outlook

For Q3 FY2025 (June quarter), Skyworks anticipates revenue of $920 million to $960 million, with non-GAAP diluted EPS of $1.24 at the midpoint of the revenue range. The mobile business is expected to decline low single digits sequentially, consistent with typical seasonal patterns. The company remains encouraged by ongoing momentum in Broad Markets, which is on track for another quarter of sequential growth and improving year-over-year trends.

SWKS YoY Financials

Q2 2025 vs Q2 2024 · SEC filings Q2 2024 Q2 2025
$0$300.0M$600.0M$900.0M$1.0B$953.2MRevenue$420.1M$391.6MGross Profit$188.9M$97.3MOperating Income$183.3M$68.7MNet Income
$0$300.0M$600.0M$900.0MRevenueGross ProfitOperating IncomeNet Income

Figures from SEC filings and company reports. Not investment advice.