Skyworks Solutions (SWKS) FY2024 results: revenue $4.2 billion, down 12.5% on the year
Skyworks Solutions, Inc. (SWKS) reported revenue of $4.2 billion for fiscal 2024, the year ended 27 September 2024, down 12.5% on the year before. Net income was $596 million, down 39.4%, and diluted earnings per share $3.69. The figures are the company's own, from the 10-K it filed with the SEC on 15 November 2024.
Revenue
$4.2 billion
-12.5% on the year
FY2017FY2024
Operating margin
15.3%
23.6% a year earlier
FY2017FY2024
Net income
$596 million
-39.4% on the year
FY2017FY2024
Diluted EPS
$3.69
-39.8% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,825
1,856
1,425
-1.7%
Capital expenditure
157
210
489
-25.3%
Free cash flow
1,668
1,646
935
+1.3%
Free cash flow margin
39.9%
34.5%
17.0%
Cash from investing
-356
-224
-379
Cash from financing
-819
-1,479
-1,363
Depreciation and amortisation
451
614
683
-26.5%
Share-based compensation
180
185
195
-2.6%
Buybacks
77.3
175
887
-55.9%
Dividends paid
439
405
373
+8.4%
Dividend per share
$2.74
$2.54
$2.30
+7.9%
Diluted shares, weighted
162m
160m
163m
+0.7%
Shares outstanding at period end
160m
160m
160m
+0.3%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
6,337
6,083
5,469
+4.2%
Debt
994
1,292
2,189
-23.1%
Operating lease liabilities
186
189
207
-1.5%
Other liabilities
766
863
1,009
-11.2%
Total liabilities and equity
8,283
8,427
8,874
-1.7%
Fixed assets
1,280
1,390
1,605
-7.9%
Goodwill
2,177
2,177
2,177
0.0%
Intangible assets
900
1,222
1,445
-26.3%
Investments
206
19.7
20.8
+943.1%
Cash and equivalents
1,369
719
566
+90.4%
Receivables
509
864
1,094
-41.1%
Inventory
785
1,120
1,212
-29.9%
Other assets
1,058
915
755
+15.6%
Total assets
8,283
8,427
8,874
-1.7%
10-K for the year ended 27 September 2024, filed 15 November 2024: the filing.