Skyworks Solutions, Inc.

The grade, in three tenses

Headline 5.4 out of ten, 9 of 9 metrics filed: past 6.0 out of ten, present 5.7 out of ten, future 4.6 out of ten. The past asks what it actually did, the present what it is doing right now, the future what it is set up to do next.

The nine metrics

• Surviving crises (past): 7.6 out of ten. No warning events in its filings since 2017. 76th percentile among 99 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Track record (past): 4.1 out of ten. +1.4% a year over 9 filed years; profitable in 9 of 9. 41st percentile among 93 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Shareholder treatment (past): 7.5 out of ten. Share count shrank 1.7% a year. 47% of cash flow returned. Insiders: 4 sales, 0 purchases. 75th percentile among 67 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Financial health (present): 7.0 out of ten. ROE 8%: 8¢ of profit per shareholder dollar. Leverage 27%: owes 27¢ per asset dollar. 70th percentile among 95 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Industry position (present): 5.7 out of ten. top 43% of 97 in its family; net margin 11.7%. 57th percentile among 97 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Leadership (present): 3.0 out of ten. bottom 30% of 66 in its family for leadership; chief executive since 2025. 30th percentile among 66 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-09).
• Room to expand (future): 5.9 out of ten. top 41% of 94 in its family for room to expand. 59th percentile among 94 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Growth drivers (future): 3.5 out of ten. bottom 35% of 93 in its family for growth drivers. 35th percentile among 93 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Expectations vs reality (future): 3.5 out of ten. bottom 35% of 88 in its family for expectations against reality. 35th percentile among 88 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).

The filing record

Newest annual report: Form 10-K filed 2025-11-07 for the period ended 2025-10-03 (on EDGAR). Newest quarterly report: Form 10-Q filed 2026-07-28 for the period ended 2026-07-03 (on EDGAR). Newest results release: Form 8-K filed 2026-07-28 for the period ended 2026-07-27 (on EDGAR). Newest filing: Form 4, 2026-10-07. Filings on record since 1995. Read from EDGAR 2026-10-12.

How the company works

Read from its Form 10-K filed 2025-11-07.

The people

Philip G. Brace has been chief executive and president since February 17, 2025, when he also joined the board; the board appointed him on February 4, 2025. He came from outside the company: interim executive chairman of Inseego from February 2024 to February 2025 and a director there from September 2023, president and chief executive of Sierra Wireless from July 2021 to January 2023, executive vice president at Veritas Software Technology Corp from 2019 to 2021, president of cloud systems at Seagate from 2015 to 2017, and earlier engineering and management roles at Intel and LSI. He followed Liam K. Griffin, who ceased serving as chief executive, president and a director on February 17, 2025, advised for three months, and whose employment ended on May 16, 2025. [1, 2, 3, 4, 5]

The finance seat changed hands three times in one year. Kris Sennesael told the company on May 1, 2025 that he would resign, effective May 9, 2025, to take another position. Mark P. Dentinger was announced on May 7, 2025 as the incoming chief financial officer, effective June 2, 2025, but an unforeseen medical condition meant he never started. On May 29, 2025 the board appointed one of its own members, Robert A. Schriesheim, interim chief financial officer, and after a search it gave the job to Philip Carter, effective September 8, 2025; he came from Advanced Micro Devices, where he was chief accounting officer. Todd Lepinski became senior vice president for sales and marketing on June 2, 2025. [6, 7, 8, 9, 10]

Christine King has chaired the board since February 2025, having joined it in 2014 and served as lead independent director from 2019. She ran AMI Semiconductor from 2001 until ON Semiconductor bought it in 2008, then Standard Microsystems from 2008 until Microchip Technology bought it in 2012, and was executive chairman of QLogic from August 2015 until Cavium acquired it in August 2016. On the insider record this site holds, 26 people have filed reports as Skyworks officers or directors and 13 of them filed in the last fifteen months; Kevin L. Beebe and David P. McGlade first filed in 2006, the first year those data sets reach, and both still file. [11, 12, 13, 14]

About 10,000 people work for Skyworks around the world, more than 99% of them full time. Just over half, 54%, are in Mexico, 24% in the United States, 20% in Asia and 1% in Canada, with less than 1% in Europe. By job, 39% are in individual contributor manufacturing roles, 36% in engineering or technician roles, 12% in managerial roles and 13% in professional or other administrative roles. Collective bargaining and other union agreements cover about 3,260 of the Mexican employees, 550 in Singapore and 460 in Japan. [15, 16, 17, 18]

How it operates

Skyworks designs, makes and sells analog and mixed-signal semiconductors: the parts that handle radio signals and power inside other companies' products. Its own list of applications runs from aerospace, automotive, broadband and cellular infrastructure through connected home, defense, entertainment and gaming, industrial and medical to smartphones, tablets and wearables. The catalogue is wide. Amplifiers strengthen a signal so that it has enough energy to reach a base station; filters recover and separate mixed and modulated data, including the SAW, TC-SAW and BAW kinds; front-end modules put two or more of those functions in one package; timing devices are the clock generators, oscillators, jitter attenuators and buffers used in optical networking, data centers, wireless base stations, industrial and automotive gear; power isolators are the digital and analog isolators and isolated gate drivers used in industrial control, solar inverters, hybrid and electric automotive systems and charging stations. [19, 20, 21, 22, 23, 24]

A single buyer dominates. Apple, buying through multiple distributors, contract manufacturers and direct sales for smartphones, tablets, desktop and notebook computers, watches and other devices, accounted for 67% of net revenue in fiscal 2025, 69% in fiscal 2024 and 66% in fiscal 2023. The three largest accounts receivable balances were 82% of the gross total at the end of fiscal 2025, against 80% a year earlier. The wider customer list the filing prints includes Amazon, Cisco, Ericsson, Google, Nokia, Samsung, Tesla and Xiaomi among many others. Nothing is sold to the person who uses it: the parts are components inside somebody else's product, so the business depends on design wins, and the filing says plainly that it has lost content and sockets at customers, its largest one included. [25, 26, 27, 28, 29]

Unusually for a chip designer of its size, Skyworks runs a great deal of its own plant. It calls this a hybrid manufacturing model: its own specialized internal manufacturing alongside alliances and outside relationships for leading-edge technology. It owns semiconductor wafer fabrication in Newbury Park, California and Woburn, Massachusetts, filter wafer processing in Osaka, Japan, and packaging, assembly and test in Mexicali, Mexico and in Singapore. Outside foundries supply silicon-based products and top up its gallium arsenide wafer capacity. The plant shows in the books: property, plant and equipment, net, stood at 1,194.6 million dollars at the close of fiscal 2025, with Japan the largest at 461.0 million, then Mexico at 264.0 million, the United States at 226.8 million and Singapore at 215.0 million. [30, 31, 32, 33]

Two other habits shape the year. Demand is seasonal: the company says the highest demand generally falls in its first fiscal quarter, ending in December, and its fourth, ending in September, and the lowest in the second, ending in March, and the third, ending in June. And the order book tells little, because industry practice lets customers cancel with limited advance notice before shipment and with little or no penalty, so the company says backlog on any particular date may not be a reliable indicator of its future revenue. Raw materials generally come from several sources, but the filing says there are limited situations where it buys components and services from single or limited sources and that it currently depends on a limited number of sole-source suppliers. Selling goes through a direct sales force, electronic component distributors and independent sales representatives. [34, 35, 36, 37]

The specifics

What it sells rests on filters and on integration. The company says it offers the broadest portfolio of radio and analog solutions from the transceiver to the antenna, along with all the manufacturing process technologies they need, and calls itself a leader in passive devices and in advanced integration, including proprietary shielding and three-dimensional die stacking, as well as SAW, TC-SAW and BAW filters. Behind that sit about 5,200 issued patents worldwide. Research spending has risen while revenue has not: 785.5 million dollars in fiscal 2025 against 631.7 million in fiscal 2024 and 606.8 million in fiscal 2023, which the company puts down to headcount, share-based compensation and engineering prototypes as it invests in new technologies and products. Its distribution network spans about 6,900 customers and 4,900 unique products. [38, 39, 40, 41]

The filing names its competitors: Analog Devices, Broadcom, Cirrus Logic, Murata Manufacturing, NXP Semiconductors, Qorvo, Qualcomm and Texas Instruments. It says it competes on time to market, new product innovation, quality, performance, price, compliance with industry standards, relationships with customers and baseband vendors, people, and the protection of its intellectual property, in a market where new products keep arriving and existing ones keep going obsolete. It is also trying to widen the ground it stands on, growing beyond mobile devices into automotive, home and factory automation, data center, solar, wireless infrastructure, aerospace and defense, medical and smart energy. [25, 42, 43]

On October 27, 2025, three weeks after the fiscal year closed, Skyworks agreed to combine with Qorvo, a provider of connectivity and power solutions and one of the competitors on its own list, in a cash-and-stock transaction. The exchange ratio is expected to leave Qorvo equityholders with about 37% of the combined company and Skyworks equityholders with about 63%. The board afterwards would hold 11 directors: the chief executive of Skyworks, seven designated by Skyworks and three designated by Qorvo. The filing says the mergers are anticipated to close early in calendar year 2027, subject to both sets of stockholders, the Hart-Scott-Rodino waiting period and other antitrust and foreign investment approvals. Either side would owe the other a termination fee of 298.7 million dollars in certain circumstances, and Skyworks would owe Qorvo 100.0 million if regulators stop it. Goldman Sachs Bank USA has committed up to 3,050.0 million of senior unsecured bridge term loans toward the cash part. [25, 44, 45, 46, 47, 48, 49]

Trade rules and a lawsuit sit on the record. The company says the tariffs announced by the United States in 2025 and China's countermeasures have already affected trade and costs, and that government actions restricting sales to Chinese customers or the sourcing of components in China have hit its manufacturing costs and the availability and cost of materials including gallium, germanium, antimony, tungsten, molybdenum and scandium. It adds that export restrictions have expanded, that more Chinese entities may be added to the Bureau of Industry and Security's Entity List, and that this has already limited what it may sell and to whom. Separately, on June 20, 2025 Denso Corporation sued the company for patent infringement in a United States district court in California and in the Osaka District Court in Japan over patents relating to piezoelectric thin film, seeking damages and an injunction; the company says it believes it has substantial defenses and intends to oppose the suits. [50, 51, 52, 53, 54]

What drives growth, line by line

Revenue fell for the third year running: 4,086.9 million dollars in fiscal 2025 against 4,178.0 million in fiscal 2024 and 4,772.4 million in fiscal 2023, a fall of 2.2%. The company gives one reason and one offset: a decrease in market share at a significant customer, partly offset by more demand for its mobile and Wi-Fi products. Skyworks reports as a single operating segment, so the accounts carry no product lines; it splits revenue instead by where the original equipment manufacturer has its headquarters and by sales channel. On the record this site holds the slide is longer than three years: revenue was 5.5 billion in 2022 and 5.1 billion in 2021, after 3.4 billion in 2020. [55, 56, 57, 58, 59]

United States. 3,157.1 million dollars, the largest line by far and roughly three quarters of the total, down from 3,202.2 million in fiscal 2024 and 3,603.9 million in fiscal 2023. The tag follows the buyer's headquarters rather than the factory, so an American-headquartered maker counts here however far away the contract manufacturer that assembles its product sits. [57, 58]

Taiwan. 259.1 million dollars, down from 317.5 million in fiscal 2024 and 344.4 million in fiscal 2023. Taiwan is where much of the industry's assembly sits, and the filing warns that disruption of critical operations in, or of shipping to or from, Taiwan would affect the company's ability to manufacture certain products and would likely have substantial negative effects on the entire semiconductor industry. [58, 60]

China. 254.2 million dollars, down from 303.4 million in fiscal 2024 and 358.3 million in fiscal 2023. The filing points at the tariffs announced by the United States in 2025 and China's countermeasures, at export restrictions that have already limited whom it may sell to, and at China's own stated policy of reducing its dependence on foreign semiconductor makers, which it says has likely already cut demand for its products there. [52, 54, 58, 61]

South Korea. 190.1 million dollars, down from 203.9 million in fiscal 2024; fiscal 2023 was 198.3 million, so this line rose once and then fell back below where it started. [58]

Europe, Middle East, and Africa. 185.8 million dollars, up from 114.5 million in fiscal 2024, the largest rise of any region in the table, though still below the 204.2 million of fiscal 2023. [58]

Other Asia-Pacific. The smallest line, 40.6 million dollars, up from 36.5 million in fiscal 2024 and well below the 63.3 million of fiscal 2023. [58]

Distributors. The second cut of the same revenue is by channel, and it barely moves. Distributors took 3,525.6 million dollars in fiscal 2025, against 3,622.6 million in fiscal 2024 and 4,235.7 million in fiscal 2023, while direct customers took 561.3 million, 555.4 million and 536.7 million. Nearly nine tenths of the money comes in through a distributor rather than straight from the company whose name goes on the finished product, which is also how the filing says its largest customer buys. [26, 62]

What comes next, in the company's own words: the combination with Qorvo is anticipated to close early in calendar year 2027, and while the merger agreement is in force the company's ability to declare dividends or repurchase its own shares is restricted by it. On the factory side, it said in August 2025 that it plans to close wafer fabrication in Woburn, Massachusetts and consolidate that work into Newbury Park, California, and it must move the Singapore filter plant by the end of a sublease that expires in July 2030, because the owner of the site has decided to redevelop it. [63, 64, 47, 65, 66]

What the desk infers (inferred, not filed)

• The United States line in the geographic table is mostly one customer. Revenue is tagged to where the buyer keeps its headquarters, and Apple alone was more than two thirds of the whole. Because: The company tags revenue by the location of the original equipment manufacturer's headquarters, not by where the goods are shipped or assembled. [57] Apple accounted for 67% of net revenue in fiscal 2025, 69% in fiscal 2024 and 66% in fiscal 2023. [26] The United States line was 3,157.1 million dollars of the 4,086.9 million total in fiscal 2025. [58] Apple buys through multiple distributors and contract manufacturers, and distributors accounted for 3,525.6 million dollars of fiscal 2025 revenue. [26, 62] Confidence 88 of 100. Wrong if: A filing that names a second customer headquartered in the United States at ten percent or more of net revenue, or that tags geographic revenue by where product ships rather than by the buyer's headquarters.
• Gross profit here turns on how full the company's own factories are, not only on how much it sells: it owns the fabs and the assembly plants, so a soft year leaves plant standing idle rather than an order merely uncancelled. Because: The company describes a hybrid manufacturing model combining its own specialized internal manufacturing with alliances and strategic relationships for leading-edge technologies. [30] It owns wafer fabrication in Newbury Park and Woburn, filter wafer processing in Osaka, and packaging, assembly and test in Mexicali and Singapore. [31] Property, plant and equipment, net, stood at 1,194.6 million dollars at the close of fiscal 2025. [33] It blames the fall in gross profit on unfavorable product mix, lower average selling prices and higher costs from facility consolidation and closure, partly offset by higher unit volumes. [67] It says lower-than-expected demand has led to underutilized manufacturing facilities, which could negatively impact its financial results. [68] Confidence 80 of 100. Wrong if: A year in which gross profit as a share of revenue holds steady while unit volumes fall sharply, or a filing showing that most wafer and assembly work has moved to outside foundries and subcontractors.
• The 54% of the workforce sitting in Mexico is essentially the Mexicali packaging, assembly and test operation, which makes Mexican labor and the border a bigger headcount exposure for Skyworks than wafer supply is. Because: 54% of the workforce is in Mexico, against 24% in the United States and 20% in Asia. [16] 39% of the workforce is in individual contributor manufacturing roles. [17] About 3,260 employees in Mexico are covered by collective bargaining and other union agreements. [18] The only Mexican sites the filing names are the two Mexicali plants, one owned at 380,000 square feet and one leased at 378,000, both for manufacturing and office space, and Mexicali is named as a packaging, assembly and test location. [31, 69] Confidence 82 of 100. Wrong if: A filing that places a majority of the company's Mexican employees outside Mexicali, or that reports most of them in engineering rather than manufacturing roles.
• The Qorvo agreement joins two direct rivals for the same sockets, which is why its conditions and its fee structure are built around competition and foreign investment review rather than around financing. Because: Qorvo sits on the filing's own list of competitors. [25] Closing is conditioned on the Hart-Scott-Rodino waiting period and on other regulatory approvals under certain antitrust and foreign investment regimes. [47] A separate, smaller termination fee of 100.0 million dollars is owed to Qorvo if an injunction under antitrust or foreign investment law, or a failure to obtain the named regulatory approvals, ends the agreement. [48] The company says receipt of financing is not a condition of its obligation to complete the mergers, although it has lined up up to 3,050.0 million dollars of bridge term loans. [49, 70] Confidence 72 of 100. Wrong if: The merger agreement or a later filing showing the regulatory termination fee is not tied to antitrust or foreign investment grounds, or the mergers clearing with no substantive competition review in any jurisdiction.

Sources

1. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “On February 4, 2025, the Board of Directors appointed Philip Brace as the President and Chief Executive Officer of the Company and as a director, effective February 17, 2025.”
2. Skyworks Solutions, Inc., Form DEF 14A filed 2026-04-03: “Prior to his appointment as Chief Executive Officer and President and a director in February 2025, Mr. Brace served as interim Executive Chairman of Inseego Corp. (“Inseego”) (a publicly traded designer and developer of wireless broadband and IoT solutions) from February 2024 to February 2025 and served on the board of directors of Inseego from September 2023 to February 2025.”
3. Skyworks Solutions, Inc., Form DEF 14A filed 2026-04-03: “Before that, Mr. Brace was President and Chief Executive Officer of Sierra Wireless Inc. (a formerly publicly traded provider of IoT solutions) from July 2021 to January 2023 where he led the company through significant improvements. Mr. Brace also held previous roles as Executive Vice President of Veritas Software Technology Corp (a formerly publicly traded provider of data management and protection solutions for businesses) from 2019 to 2021, and President of Cloud Systems at Seagate Technology Holdings PLC (a publicly traded manufacturer of data storage products) from 2015 to 2017.”
4. Skyworks Solutions, Inc., Form DEF 14A filed 2026-04-03: “Previously, Mr. Brace served in engineering and management roles at Intel Corporation (a publicly traded developer of computer components) and LSI Corporation (a formerly publicly traded semiconductor designer acquired by Avago Technologies Limited).”
5. Skyworks Solutions, Inc., Form DEF 14A filed 2026-04-03: “Mr. Griffin ceased serving as Chief Executive Officer and President and a member of the Board on February 17, 2025 and thereafter served in a non-executive advisory role for three months to support the leadership transition, after which his employment with the Company ended on May 16, 2025.”
6. Skyworks Solutions, Inc., Form DEF 14A filed 2026-04-03: “On May 1, 2025, Mr. Sennesael informed the Company that he would resign from the Company, effective May 9, 2025, to accept another position, and his employment with the Company ended on May 9, 2025. On May 7, 2025, the Company announced that Mark P. Dentinger would be joining the Company as Senior Vice President and Chief Financial Officer, effective June 2, 2025.”
7. Skyworks Solutions, Inc., Form DEF 14A filed 2026-04-03: “However, due to an unforeseen medical condition, Mr. Dentinger did not commence employment with the Company. On May 29, 2025, the Company announced that it had appointed Mr. Schriesheim, a member of the Board, as the Company’s Interim Chief Financial Officer and that it had commenced a search for a permanent Chief Financial Officer. Following an extensive search process with the assistance of an executive search firm, the Board appointed Mr. Carter as Senior Vice President and Chief Financial Officer, effective September 8, 2025, at which time Mr. Schriesheim ceased serving as Interim Chief Financial Officer.”
8. Skyworks Solutions, Inc., Form DEF 14A filed 2026-04-03: “the substantial unvested equity awards and other compensation opportunities that Mr. Carter would surrender by leaving his role as Chief Accounting Officer of Advanced Micro Devices, Inc.”
9. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “On May 7, 2025, the Board of Directors appointed Todd Lepinski as Senior Vice President, Sales and Marketing, effective as of June 2, 2025.”
10. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “In fiscal 2025, we implemented several senior management changes. On February 17, 2025, Philip Brace began to serve as our Chief Executive Officer. On June 2, 2025, Todd Lepinski began to serve as our Senior Vice President, Sales and Marketing. On September 8, 2025, Philip Carter began to serve as our Chief Financial Officer.”
11. Skyworks Solutions, Inc., Form DEF 14A filed 2026-04-03: “Ms. King has been Chairman of the Board since February 2025. She first joined the Board in 2014 and served as Lead Independent Director from 2019 to February 2025. She served as Executive Chairman of QLogic Corporation (a publicly traded developer of high-performance server and storage networking connectivity products) from August 2015 until August 2016, when it was acquired by Cavium, Inc.”
12. Skyworks Solutions, Inc., Form DEF 14A filed 2026-04-03: “Previously, she served as Chief Executive Officer of Standard Microsystems Corporation (“Standard Microsystems”) (a publicly traded developer of silicon- based integrated circuits utilizing analog and mixed-signal technologies) from 2008 until the company’s acquisition in 2012 by Microchip Technology, Inc.”
13. Skyworks Solutions, Inc., Form DEF 14A filed 2026-04-03: “Prior to Standard Microsystems, Ms. King was Chief Executive Officer of AMI Semiconductor, Inc., a publicly traded company, from 2001 until it was acquired by ON Semiconductor Corp. in 2008.”
14. The record on this page: the officers and directors who file Forms 3, 4 and 5 (the SEC's insider data sets)
15. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “Our workforce consists of approximately 10,000 employees located around the world, more than 99% of whom are full-time employees.”
16. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “Our workforce was distributed geographically approximately as follows: 54% in Mexico, 24% in the United States, 20% in Asia, 1% in Canada, and less than 1% in Europe.”
17. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “Our workforce was distributed by function approximately as follows: 39% in individual contributor manufacturing roles, 36% in engineering or technician roles, 12% in managerial roles, and 13% in professional or other administrative roles.”
18. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “Approximately 3,260 of our employees in Mexico, 550 of our employees in Singapore, and 460 of our employees in Japan were covered by collective bargaining and other union agreements.”
19. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “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, tablet, and wearables.”
20. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “Amplifiers: the modules that strengthen the signal so that it has sufficient energy to reach a base station”
21. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “Front-end Modules: two or more functions co-packaged to optimize the performance, cost, and application suitability in products, including intermediate or radio frequency signal paths”
22. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “Timing Devices: clock generators, oscillators, jitter attenuators, and buffers used in optical networking, data center, wireless base stations, industrial, and automotive applications”
23. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “Power Isolators: digital, analog isolators, and isolated gate drivers used in industrial control, solar inverters, hybrid/electric automotive systems and charging stations”
24. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “Filters: devices for recovering and separating mixed and modulated data in RF stages, including SAW, TC-SAW, and BAW filters”
25. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “Our key customers include Amazon, Apple Inc. (“Apple”), Arcadyan, Arris, Bose, Ciena, Cisco, Ericsson, Fibocom, Garmin, Gemalto (a Thales company), General Electric, Google, Honeywell, Itron, Lenovo, LG Electronics, Microsoft, Motorola, NETGEAR, Nokia, Northrop Grumman, OPPO, Rockwell Collins, Sagemcom, Samsung, Schneider Electric, Sierra Wireless, Sonos, Sony, Technicolor, Telit, Tesla, TP-Link, VIVO, and Xiaomi. Our competitors include Analog Devices, Broadcom, Cirrus Logic, Murata Manufacturing, NXP Semiconductors, Qorvo, Qualcomm, and Texas Instruments.”
26. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “During fiscal 2025, fiscal 2024, and fiscal 2023, Apple, through sales to multiple distributors, contract manufacturers, and direct sales for multiple applications including smartphones, tablets, desktop, and notebook computers, watches and other devices, in the aggregate accounted for 67%, 69%, and 66% of the Company’s net revenue, respectively.”
27. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “The Company’s three largest accounts receivable balances comprised 82% and 80% of aggregate gross accounts receivable as of October 3, 2025 and September 27, 2024, respectively.”
28. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “Our products are not sold directly to the end user but are components or subsystems of other products. As a result, we rely on OEMs and ODMs of electronics products to select our products from among alternative offerings to be designed into their equipment. Without these “design wins,” we would have difficulty selling our products.”
29. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “In the past, we have not and do not achieve design wins on all the products, content and sockets that we compete for, and we have lost content and sockets at our customers as a result, including with our largest customer.”
30. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “Through advanced supply chain management, we combine our highly specialized internal manufacturing capabilities with alliances and strategic relationships for leading-edge technologies. This hybrid manufacturing model allows us to better balance our manufacturing capacity with the demand of the marketplace.”
31. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “Our key facilities include, but are not limited to, our semiconductor wafer fabrication facilities in Newbury Park, California, and Woburn, Massachusetts; our SAW, TC-SAW, and BAW filter wafer processing facilities in Osaka, Japan; and our packaging, assembly and test facilities in Mexicali, Mexico, and in Singapore for filters (“Singapore Filter Manufacturing Facility”).”
32. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “We rely on foundries to provide silicon-based products and to supplement our gallium arsenide wafer manufacturing capacity.”
33. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “Property, plant, and equipment, net based on the physical locations within the indicated geographic areas are as follows (in millions): As of October 3, 2025 September 27, 2024 Japan $ 461.0 $ 526.1 Mexico 264.0 244.2 United States 226.8 234.7 Singapore 215.0 250.2 Rest of world 27.8 25.1 Total property, plant, and equipment, net $ 1,194.6 $ 1,280.3”
34. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “The highest demand for our products generally occurs in our first fiscal quarter ending in December and the fourth fiscal quarter ending in September. The lowest demand for our products generally occurs in our second fiscal quarter ending in March and the third fiscal quarter ending in June.”
35. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “Due to industry practice, which allows customers to cancel orders with limited advance notice to us prior to shipment, and with little or no penalty, we believe that backlog as of any particular date may not be a reliable indicator of our future revenue levels.”
36. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “However, there are limited situations where we procure certain components and services for our products from single or limited sources, and we are currently dependent on a limited number of sole-source suppliers.”
37. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “Our products are sold globally through a direct sales force, electronic component distributors, and independent sales representatives.”
38. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “We believe that we offer the broadest portfolio of radio and analog solutions from the transceiver to the antenna as well as all required manufacturing process technologies. We are also a leader in passive devices, advanced integration, including proprietary shielding and 3-D die stacking, as well as SAW, TC-SAW, and BAW filters. Our product portfolio is reinforced by a library of approximately 5,200 worldwide issued patents and other intellectual property that we own and control.”
39. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “In these markets we leverage our scale, intellectual property, and worldwide distribution network, which spans approximately 6,900 customers and 4,900 unique products.”
40. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “We invested $785.5 million, $631.7 million, and $606.8 million in research and development during fiscal 2025, fiscal 2024, and fiscal 2023, respectively.”
41. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “The increase in research and development expenses in fiscal 2025, as compared to fiscal 2024, was primarily related to increases in headcount-related expenses, including share-based compensation and costs for engineering prototypes as a result of our increased investment in developing new technologies and products.”
42. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “The competitive environment in the semiconductor industry is in a constant state of flux, with new products continually emerging and existing products approaching technological obsolescence. We compete on the basis of time-to-market, new product innovation, quality, performance, price, compliance with industry standards, strategic relationships with customers and baseband vendors, personnel resources, and protection of our intellectual property.”
43. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “we are growing our business beyond mobile devices (where we support leading top-tier manufacturers, including the leading smartphone suppliers and key baseband vendors) into additional high-performance analog markets, including automotive, home and factory automation, data center, solar, wireless infrastructure, aerospace and defense, medical, smart energy”
44. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “On October 27, 2025, we entered into the Merger Agreement with Qorvo, a provider of connectivity and power solutions, to combine Qorvo and Skyworks in a cash-and-stock transaction”
45. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “The Exchange Ratio is expected to result in Qorvo equityholders and Skyworks equityholders owning approximately 37% and 63%, respectively, of the combined company on a pro forma basis following the closing.”
46. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “Pursuant to the Merger Agreement, immediately following the closing, the Board of Directors will be comprised of 11 directors, consisting of (i) the Chief Executive Officer of Skyworks, who will be the Chief Executive Officer of Skyworks following the closing, (ii) seven directors designated by Skyworks and (iii) three directors designated by Qorvo who are reasonably acceptable to Skyworks”
47. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “The Mergers, which are anticipated to close early in calendar year 2027, are subject to the satisfaction or waiver of customary closing conditions, including adoption of the Merger Agreement by Qorvo’s stockholders and the approval by Skyworks’ stockholders of the issuance of Skyworks common stock included in the consideration to be paid to Qorvo stockholders, the expiration or early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvement Act of 1976, as amended, and other regulatory approvals under certain antitrust and foreign investment regimes”
48. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “each of Qorvo and us will be required to pay the other party a termination fee of $298.7 million, as more fully described in the Merger Agreement. Alternatively, under certain specified circumstances, including termination following an injunction arising in connection with certain antitrust or foreign investment laws, or failure to receive certain required regulatory approvals of specified governmental authorities, we will be required to pay Qorvo a termination fee of $100.0 million”
49. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “we entered into a commitment letter (“Bridge Commitment Letter”) on October 27, 2025, with Goldman Sachs Bank USA, which committed to provide, subject to the satisfaction of customary closing conditions, up to $3,050.0 million of senior unsecured bridge term loans”
50. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “on June 20, 2025, Denso Corporation filed patent infringement litigation against the Company in the U.S. (United States District Court for the Central District of California) and Japan (Civil Division of the Osaka District Court).”
51. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “each relating to piezoelectric thin film. Denso is seeking monetary damages, including enhanced damages, interest, fees and costs, and injunctive relief. While the Company is unable to determine the ultimate outcome of these suits, the Company believes it has substantial defenses and intends to vigorously oppose the suits.”
52. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “the imposition of or changes to tariffs, including the tariffs announced by the United States in 2025 with respect to numerous global trading partners and sectors, and any retaliatory tariffs or measures by any such trading partners, including countermeasures by China, have impacted and could further negatively impact trade between, or increase the cost of operating in, or increase the cost of or negatively impact the demand for, our products or our customers’ products in the countries in which we or our customers do business”
53. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “government actions that restrict our ability to sell our products to Chinese customers or to manufacture or source components in China, and countermeasures imposed by China in response, including the countermeasures announced in 2025, has impacted and could continue directly or indirectly adversely impacting our manufacturing costs, the availability and cost of materials, including gallium, germanium, antimony, tungsten, molybdenum, scandium, and other rare earth metals/critical minerals”
54. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “In addition, the U.S. government has expanded export restrictions, and might continue expanding export restrictions, including by adding additional Chinese entities to the U.S. Bureau of Industry and Security’s Entity List (“Entity List”) or other entity lists, which has limited, and could in the future further limit, our ability to sell to certain of those entities and to third parties that do business with those entities.”
55. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “Net revenue decreased 2.2% to $4,086.9 million in fiscal 2025, as compared to $4,178.0 million in fiscal 2024, driven primarily by a decrease in market share at a significant customer, partially offset by an increase in demand for our mobile and Wi-Fi products.”
56. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “The Company has a single reportable operating segment which designs, develops, manufactures, and markets similar proprietary semiconductor products, including intellectual property.”
57. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “The Company presents net revenue by geographic area, based upon the location of the original equipment manufacturers’ (“OEMs”) headquarters, and by sales channel, as it believes that doing so best depicts how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. Individually insignificant OEMs are presented based upon the location of the Company’s direct customer, which is typically a distributor.”
58. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “Net revenue by geographic area is as follows (in millions): Fiscal Years Ended October 3, 2025 September 27, 2024 September 29, 2023 United States $ 3,157.1 $ 3,202.2 $ 3,603.9 Taiwan 259.1 317.5 344.4 China 254.2 303.4 358.3 South Korea 190.1 203.9 198.3 Europe, Middle East, and Africa 185.8 114.5 204.2 Other Asia-Pacific 40.6 36.5 63.3 Total net revenue $ 4,086.9 $ 4,178.0 $ 4,772.4”
59. The record on this page: the filed annual figures (EDGAR's company facts)
60. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “Disruption of certain critical operations in, or of shipping to or from, Taiwan would adversely affect our ability to manufacture certain products and would likely have substantial negative effects on the entire semiconductor industry.”
61. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “Finally, China’s investments in technology development and manufacturing capability in support of its stated policy of reducing its dependence on foreign semiconductor manufacturers and other technology companies has likely already resulted, and we expect will continue to result, in reduced demand for our products in China and other key markets as well as reduced supply of critical materials for our products.”
62. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “Net revenue by sales channel is as follows (in millions): Fiscal Years Ended October 3, 2025 September 27, 2024 September 29, 2023 Distributors $ 3,525.6 $ 3,622.6 $ 4,235.7 Direct customers 561.3 555.4 536.7 Total net revenue $ 4,086.9 $ 4,178.0 $ 4,772.4”
63. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “We operate under a sublease for our Singapore Filter Manufacturing Facility that expires in July 2030.”
64. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “In addition, we announced in August 2025 that we took action aimed to optimize our U.S. factory footprint by planning for the closure of our wafer fabrication manufacturing operations in Woburn, Massachusetts and consolidating such manufacturing into Newbury Park, California.”
65. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “Additionally, our ability to declare dividends or repurchase our stock is subject to certain restrictions set forth in the Merger Agreement.”
66. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “has decided to redevelop it for other uses, we will need to relocate our Singapore Filter Manufacturing Facility by the end of the sublease, and we have been exploring alternative sites in other locations.”
67. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “The decrease in gross profit in fiscal 2025, as compared to fiscal 2024, was primarily the result of unfavorable product mix, lower average selling prices, and an increase in costs associated with facility consolidation and closure, partially offset by higher unit volumes.”
68. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “Likewise, lower-than-expected demand, which has occurred from time to time, has led to, and could in the future lead to, underutilized manufacturing facilities, which could negatively impact our financial results.”
69. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “Mexicali, Mexico Owned 380,000 Manufacturing and office space Mexicali, Mexico Leased 378,000 Manufacturing and office space”
70. Skyworks Solutions, Inc., Form 10-K filed 2025-11-07: “The receipt of financing by us is not a condition to our obligation to consummate the Mergers.”

Who runs it

Brace, Philip G (CEO and President); Carter, Philip Matthew (SVP & Chief Financial Officer); Schriesheim, Robert A (Interim CFO); Kasnavi, Reza (EVP, Chief Ops & Tech Officer); Givens, Jason K (SVP, Gen. Counsel & Secretary); Terry, Robert John (SVP, Gen. Counsel & Secretary); Durham, Karilee A (SVP, Human Resources); Bruggeworth, Robert A (director); Clemmer, Richard L (director); Koopmans, Chris (director); and 7 more. 17 officers and directors have filed their own trades in the last fifteen months, names and titles as filed with the SEC, through 2026-10-07.

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