NASDAQ: SWKS
Skyworks Solutions
Technology · Semiconductors & Related Devices
52-week range
$51.93$92.80
Stock price
Market cap
At each fiscal year end, then the latest quarter end: closing price × shares outstanding.Figures shown are for the trailing 12 months to Jul 3, 2026. Hover or tap a column for another year.$9.41B
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| Period | Market cap |
|---|---|
| FY2016, ended Sep 30, 2016 | $14.1B |
| FY2017, ended Sep 29, 2017 | $18.7B |
| FY2018, ended Sep 28, 2018 | $16.1B |
| FY2019, ended Sep 27, 2019 | $13.2B |
| FY2020, ended Oct 2, 2020 | $24.4B |
| FY2021, ended Oct 1, 2021 | $27.1B |
| FY2022, ended Sep 30, 2022 | $13.7B |
| FY2023, ended Sep 29, 2023 | $15.8B |
| FY2024, ended Sep 27, 2024 | $15.8B |
| FY2025, ended Oct 3, 2025 | $11.5B |
| Trailing 12 months to Jul 3, 2026 (through Q3 FY2026) | $9.41B |
Revenue
By fiscal year, then the trailing 12 months.Figures shown are for the trailing 12 months to Jul 3, 2026. Hover or tap a column for another year.$4.01B
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| Period | Revenue |
|---|---|
| FY2016, ended Sep 30, 2016 | $3.29B |
| FY2017, ended Sep 29, 2017 | $3.65B |
| FY2018, ended Sep 28, 2018 | $3.87B |
| FY2019, ended Sep 27, 2019 | $3.38B |
| FY2020, ended Oct 2, 2020 | $3.36B |
| FY2021, ended Oct 1, 2021 | $5.11B |
| FY2022, ended Sep 30, 2022 | $5.49B |
| FY2023, ended Sep 29, 2023 | $4.77B |
| FY2024, ended Sep 27, 2024 | $4.18B |
| FY2025, ended Oct 3, 2025 | $4.09B |
| Trailing 12 months to Jul 3, 2026 (through Q3 FY2026) | $4.01B |
Net income and free cash flow
By fiscal year, then the trailing 12 months. Free cash flow is operating cash flow minus capex.Figures shown are for the trailing 12 months to Jul 3, 2026. Hover or tap a column for another year.Show tableHide table
| Period | Net income | Free cash flow |
|---|---|---|
| FY2016, ended Sep 30, 2016 | $995M | $888M |
| FY2017, ended Sep 29, 2017 | $1.01B | $1.15B |
| FY2018, ended Sep 28, 2018 | $918M | $838M |
| FY2019, ended Sep 27, 2019 | $854M | $969M |
| FY2020, ended Oct 2, 2020 | $815M | $815M |
| FY2021, ended Oct 1, 2021 | $1.50B | $1.13B |
| FY2022, ended Sep 30, 2022 | $1.28B | $935M |
| FY2023, ended Sep 29, 2023 | $983M | $1.65B |
| FY2024, ended Sep 27, 2024 | $596M | $1.67B |
| FY2025, ended Oct 3, 2025 | $477M | $1.11B |
| Trailing 12 months to Jul 3, 2026 (through Q3 FY2026) | $290M | $434M |
Cash and cash equivalents
At each fiscal year end, then the latest quarter end.Figures shown are for the trailing 12 months to Jul 3, 2026. Hover or tap a column for another year.$790M
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| Period | Cash and cash equivalents |
|---|---|
| FY2016, ended Sep 30, 2016 | $1.08B |
| FY2017, ended Sep 29, 2017 | $1.62B |
| FY2018, ended Sep 28, 2018 | $733M |
| FY2019, ended Sep 27, 2019 | $851M |
| FY2020, ended Oct 2, 2020 | $567M |
| FY2021, ended Oct 1, 2021 | $883M |
| FY2022, ended Sep 30, 2022 | $566M |
| FY2023, ended Sep 29, 2023 | $719M |
| FY2024, ended Sep 27, 2024 | $1.37B |
| FY2025, ended Oct 3, 2025 | $1.16B |
| Trailing 12 months to Jul 3, 2026 (through Q3 FY2026) | $790M |
Total debt
At each fiscal year end, then the latest quarter end. Short- and long-term borrowings, excluding leases.Figures shown are for the trailing 12 months to Jul 3, 2026. Hover or tap a column for another year.$497M
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| Period | Total debt |
|---|---|
| FY2016, ended Sep 30, 2016 | — |
| FY2017, ended Sep 29, 2017 | — |
| FY2018, ended Sep 28, 2018 | — |
| FY2019, ended Sep 27, 2019 | — |
| FY2020, ended Oct 2, 2020 | $0 |
| FY2021, ended Oct 1, 2021 | $2.24B |
| FY2022, ended Sep 30, 2022 | $1.69B |
| FY2023, ended Sep 29, 2023 | $993M |
| FY2024, ended Sep 27, 2024 | $994M |
| FY2025, ended Oct 3, 2025 | $496M |
| Trailing 12 months to Jul 3, 2026 (through Q3 FY2026) | $497M |
Shares outstanding
At each fiscal year end, then the latest quarter end, adjusted for splits. Down 19.0% since 2016.Figures shown are for the trailing 12 months to Jul 3, 2026. Hover or tap a column for another year.150M
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| Period | Shares outstanding |
|---|---|
| FY2016, ended Sep 30, 2016 | 186M |
| FY2017, ended Sep 29, 2017 | 183M |
| FY2018, ended Sep 28, 2018 | 178M |
| FY2019, ended Sep 27, 2019 | 170M |
| FY2020, ended Oct 2, 2020 | 166M |
| FY2021, ended Oct 1, 2021 | 165M |
| FY2022, ended Sep 30, 2022 | 160M |
| FY2023, ended Sep 29, 2023 | 160M |
| FY2024, ended Sep 27, 2024 | 160M |
| FY2025, ended Oct 3, 2025 | 149M |
| Trailing 12 months to Jul 3, 2026 (through Q3 FY2026) | 150M |
Buybacks and new shares
By fiscal year, then the trailing 12 months, in dollars. Below zero: bought back. Above zero: issued to employees, sold or used in acquisitions.Figures shown are for the trailing 12 months to Jul 3, 2026. Hover or tap a column for another year.Net: $259M more issued than bought back
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| Period | Bought back | Paid to employees | Sold for cash |
|---|---|---|---|
| FY2016, ended Sep 30, 2016 | $526M | $78.0M | — |
| FY2017, ended Sep 29, 2017 | $432M | $88.5M | $15.0M |
| FY2018, ended Sep 28, 2018 | $760M | $108M | $18.2M |
| FY2019, ended Sep 27, 2019 | $658M | $80.1M | $19.7M |
| FY2020, ended Oct 2, 2020 | $648M | $157M | $22.8M |
| FY2021, ended Oct 1, 2021 | $196M | $192M | $24.8M |
| FY2022, ended Sep 30, 2022 | $887M | $195M | $29.4M |
| FY2023, ended Sep 29, 2023 | $175M | $185M | $32.1M |
| FY2024, ended Sep 27, 2024 | $77.3M | $180M | $32.6M |
| FY2025, ended Oct 3, 2025 | $830M | $232M | $33.1M |
| Trailing 12 months to Jul 3, 2026 (through Q3 FY2026) | $7.50M | $232M | $34.3M |
Revenue (TTM)
$4.01B
+0.1% YoY
Net income (TTM)
$290M
−26.8% YoY
Cash
$790M
−33.4% YoY
Total debt
$497M
+0.1% YoY
Valuation
At current price- Market Cap
- $13.2B
- P/E
- 45.4×
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 3.3×
- Price / Book
- 2.3×
- EV / EBITDA
- 16.8×
Growth
Trailing 12 months- Revenue (TTM)
- $4.01B
- Revenue Growth YoY
- 0.1%
- Revenue CAGR 3Y
- −9.3%
- Revenue CAGR 5Y
- 4.0%
- EPS Growth YoY
- −23.1%
- Net Income Growth YoY
- −26.8%
Profitability
Trailing 12 months- Gross Margin
- 40.7%
- Operating Margin
- 7.6%
- Net Margin
- 7.2%
- FCF Margin
- 10.8%
- Return on Equity
- 5.1%
Earnings
Trailing 12 months- Net Income
- $290M
- EPS (diluted)
- $1.93
- EBITDA
- $769M
- Operating Income
- $305M
Balance Sheet
As of Jul 3, 2026- Cash and cash equivalents
- $790M
- Total Debt
- $497M
- Net Cash
- $293M
- Total Assets
- $7.42B
- Total Liabilities
- $1.69B
- Shareholders' Equity
- $5.74B
Cash Flow
Trailing 12 months- Operating Cash Flow
- $716M
- Capital Expenditure
- $282M
- Free Cash Flow
- $434M
Dividends and risk
Last 12 months- Dividend Yield
- 2.4%
- Dividend / Share
- $2.13
- Beta (5Y)
- 1.48
Every ratio is calculated from the company’s reported figures.
Note
Revenue is roughly flat year over year at $4.01B.
Watch
Operating margin narrowed 3.6 pts in a year, to 7.6%.
Strength
Holds more cash than debt, with $293M in net cash.
Note
Free cash flow of $434M, 10.8% of revenue.
Written by fixed rules from the reported figures, not by a person or an AI.
Latest report
Pro10-K for the fiscal year ended Oct 3, 2025 · filed Nov 7, 2025
The score and findings for the newest report are part of CoreStock Pro, coming soon. Every earlier report is free.
Score of each annual report
0 to 100 · 60 means nothing notable · tap a column for its details
2024 · 10-K34Serious concerns
34Serious concerns
10-K for the fiscal year ended Sep 27, 2024
Filed Nov 15, 2024 · Read the filing on EDGAR
- Revenue fell 12.5% to $4.18 billion on weaker demand for mobile, analog and mixed-signal products, the second straight yearly decline of about 13%.
- Operating income fell about 43% by our calculation, as gross margin dropped to 41.2% and charges for abandoned or delayed R&D projects reached $147.9 million.
- Cash and investments more than doubled to $1.57 billion, helped by $1.82 billion of operating cash flow, while $300 million of debt was repaid.
- The Singapore filter factory must relocate because the site's owner plans to redevelop it, a complex move that could disrupt production and require significant spending.
Business momentum
Sharp deterioration
“Net revenue decreased 12.5% to $4,178.0 million in fiscal 2024, as compared to $4,772.4 million in fiscal 2023, driven primarily by a decrease in demand for our mobile, analog, and mixed-signal products.”
Outlook
Cautious
“Consistent with trends in the industry, we anticipate that average selling prices for our established products will continue to decline over time.”
Financial stress
Low
“we expect that our cash, cash equivalents, and marketable securities on hand, the cash we expect to generate from operations, and funds from our Revolver, will be sufficient to fund our short-term and long-term liquidity requirements”
Tone against the previous report
More negative
Red flags
- Medium
Large write-down
“Impairment, restructuring, and other charges in fiscal 2024 were primarily due to the abandonment or delay of previously capitalized in-process research and development (“IPR&D”) projects of $147.9 million and employee severance costs.”
- Medium
Other
Positives
Cash and investments more than doubled
“Our ending cash, cash equivalents, and marketable securities balance increased 113.1% to $1,574.1 million in fiscal 2024, as compared to $738.5 million in fiscal 2023.”
Debt keeps falling, lowering interest costs
“The decrease in interest expense in fiscal 2024, as compared to fiscal 2023, was due to certain debt repayments that reduced the amount of outstanding indebtedness.”
Credit line remains undrawn
“As of September 27, 2024, there were no borrowings outstanding under the revolving credit facility (the “Revolver”).”
Concerns
Gross margin fell again on mix, volume and pricing
“The decrease in gross profit in fiscal 2024, as compared to fiscal 2023, was primarily the result of an unfavorable product mix, lower unit volumes, and lower average selling prices.”
Factory capacity commitments could add costs if demand weakens
“These long-term capacity reservation agreements may have an additional adverse effect on our operating results in the event our future supply needs are reduced below the minimum purchase expectations”
China restrictions and local competition are hurting sales
“These restrictions have negatively impacted, and may continue to negatively impact, sales of our products.”
New risks since the previous report
Forced relocation of Singapore filter factory
“Relocation would be complex and could require, among other things, the transfer of equipment and process nodes and qualification of new or transferred production lines.”
Possible repayment of Singapore tax holiday benefits
“we could be required to refund certain previously realized tax benefits for fiscal years 2021 through 2024, over which period we enjoyed a tax holiday that decreased our taxes by a cumulative $329.8 million”
New global minimum tax rules take effect next year
“Many countries have implemented laws based on Pillar Two which will be effective for us in fiscal year 2025.”
Risks from using AI tools and rivals using them better
“Our competitors may be more successful in their use of AI tools, including by developing superior products or improving their operations with the assistance of AI.”
Biggest risks named
- China export limits, trade tensions and China's push for local chips
- Reliance on a small number of large customers
- Cyclical chip downturns and weak end-market demand
- Intense competition and falling selling prices
- Dependence on outside foundries, capacity commitments and the Singapore factory move
Artificial intelligence in this business: Mentioned
How the score adds up
| Starting point | 60 | |
| Business momentum | −15 | |
| Outlook | −2 | |
| Tone against the previous report | −2 | |
| Financial stress | 0 | |
| Red flags | −4.8 | |
| New risks | −2 | |
| Score | 34 | |
Written by AI (Claude Opus 5.5) from the report’s text. 14 of 15 quotes were found word for word in the filing; the rest are left out. Not investment advice.
All scored reports
| Period | Report | Filed | Score | Momentum | Red flags |
|---|---|---|---|---|---|
| 10-K | Nov 7, 2025 | Pro | |||
| 10-K | Nov 15, 2024 | 34 | Sharp deterioration | 2 medium | |
| 10-K | Nov 17, 2023 | 47 | Weakening | 1 minor | |
| 10-K | Nov 23, 2022 | 51 | Mixed | None | |
| 10-K | Nov 24, 2021 | 70 | Strong improvement | None | |
| 10-K | Nov 17, 2020 | 52 | Weakening | None | |
| 10-K | Nov 14, 2019 | 50 | Weakening | 1 medium | |
| 10-K | Nov 15, 2018 | 59 | Mixed | None | |
| 10-K | Nov 13, 2017 | 68 | Improving | None | |
| 10-K | Nov 22, 2016 | 67 | Improving | None |
How these scores work
An AI model reads the management discussion, risk factors and legal sections of each report and records what they say, quoting the filing word for word. Fixed rules then turn those findings into a score from 0 to 100, where 60 means nothing notable either way. A score describes the report, not whether the stock is a good investment, and the AI may know how things turned out later, which can colour older scores. Read the methodology
From the 10-Q for Q3 FY2026 (period ended Jul 3, 2026), filed Jul 28, 2026. View filings on SEC EDGAR