Skyworks Solutions, Inc.SWKS
NasdaqGS•Technology•Semiconductors
Skyworks Solutions, Inc., together with its subsidiaries, develops, manufactures, and markets analog and mixed-signal semiconductor products and solutions in the United States, Taiwan, China, South Korea, Europe, the Middle East, Africa, and the Asia Pacific. The company offers amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, wireless ASoC, DC/DC converters, demodulators, detectors, digital power isolators, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, and optocouplers/optoisolators. It also provides phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, ProSLIC family of subscriber line interface circuits, receivers, system in package, switches, synthesizers, timing devices, voltage-controlled oscillators/synthesizers, and voltage regulators. The company sells its products through direct sales force, electronic component distributors, and independent sales representatives. Its products are used in aerospace, automotive, broadband, cellular infrastructure, connected home, defense, entertainment and gaming, industrial, medical, smartphone, tablet, and wearables applications. The company was founded in 1962 and is headquartered in Irvine, California.
Skyworks Solutions, Inc. (SWKS) reported trailing twelve months revenue of $4.04B as of April 2026, a 2.3% increase year-over-year. Quarterly revenue reached $943.70M, reflecting continued top-line momentum.
Skyworks Solutions, Inc. generated $361.20M in TTM net income, with quarterly EBITDA of $111.50M. The operating margin contracted from 10.2% to 4.5%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (4.5%) and net margin (3.8%) indicates tight cost control with minimal non-operating drag. Net margin has narrowed from 7.2% a year ago, reflecting increased costs or interest expense.
SWKS trades at a P/E of 30.8x (a premium multiple) and a P/S of 2.7x. The price-to-book ratio of 1.9x reflects a moderate premium to book value.
The company reported negative free cash flow of $-32.10M, indicating cash consumption over the period. The balance sheet shows $7.90B in total assets with $496.70M in long-term debt against $5.77B in stockholders equity for a debt-to-equity ratio of 0.1, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~10.4% on average, but show some variability — pricing power may be sensitive to market conditions.
ROE is positive at ~8.2% on average, adequate but below the threshold typically associated with wide moats.
7 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.
Data-driven red flags and warnings across 21 quarters
Operating margins dropped 23.9% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.
FCF covers net income by 2.9x on average — earnings are well-supported by cash generation.
D/E ratio is 0.1 — conservative capital structure with low financial risk.
Revenue has softened, declining in 5 quarters. Monitor for further erosion.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares decreased 6.3% — net buybacks are reducing shares outstanding and boosting per-share value.