Skyworks Solutions Files 2024 10-K
Ticker: SWKS · Form: 10-K · Filed: Nov 15, 2024 · CIK: 4127
Sentiment: neutral
Topics: 10-K, annual-report, semiconductors
TL;DR
Skyworks 2024 10-K is in! Full financial picture for the year ending Sept 27, 2024.
AI Summary
Skyworks Solutions, Inc. filed its 2024 10-K report on November 15, 2024, detailing its fiscal year ending September 27, 2024. The company, a leader in high-performance analog semiconductors, operates from its headquarters in Irvine, California. The filing covers its financial performance and business operations for the fiscal year, including balance sheet information and other financial disclosures.
Why It Matters
This 10-K filing provides investors and analysts with a comprehensive overview of Skyworks Solutions' financial health and strategic positioning for the fiscal year 2024, crucial for understanding its market performance.
Risk Assessment
Risk Level: medium — The filing contains standard financial disclosures for a public company, but the semiconductor industry is subject to cyclicality and intense competition, which are inherent risks.
Key Numbers
- 20240927 — Fiscal Year End (The report covers the financial performance up to this date.)
- 20241115 — Filing Date (The date the 10-K was officially submitted to the SEC.)
Key Players & Entities
- SKYWORKS SOLUTIONS, INC. (company) — Filer
- 0000004127 (company) — Central Index Key
- Irvine, CA (location) — Business Address
- 20240927 (date) — Fiscal Year End
- 20241115 (date) — Filing Date
FAQ
What is Skyworks Solutions' primary business?
Skyworks Solutions, Inc. is involved in the semiconductor industry, specifically focusing on high-performance analog semiconductors, as indicated by its SIC code [3674] for SEMICONDUCTORS & RELATED DEVICES.
When did Skyworks Solutions' fiscal year 2024 end?
Skyworks Solutions' fiscal year 2024 ended on September 27, 2024.
Where is Skyworks Solutions headquartered?
Skyworks Solutions, Inc. is headquartered in Irvine, California, with its business address listed as 5260 CALIFORNIA AVENUE, IRVINE, CA 92617.
What is the Central Index Key (CIK) for Skyworks Solutions?
The Central Index Key (CIK) for Skyworks Solutions, Inc. is 0000004127.
What form was filed and when?
Skyworks Solutions, Inc. filed a 10-K form on November 15, 2024.
Filing Stats: 4,257 words · 17 min read · ~14 pages · Grade level 18.3 · Accepted 2024-11-15 16:37:43
Key Financial Figures
- $0.25 — ich registered Common Stock, par value $0.25 per share SWKS Nasdaq Global Select Mar
Filing Documents
- swks-20240927.htm (10-K) — 1542KB
- exhibit107-optionagreement.htm (EX-10.7) — 29KB
- exhibit108-psaagreement.htm (EX-10.8) — 29KB
- exhibit109-rsuagreement.htm (EX-10.9) — 31KB
- exhibit19-insidertradingpo.htm (EX-19) — 74KB
- fy24exhibit21.htm (EX-21) — 17KB
- fy24exhibit231-kpmgconsent.htm (EX-23.1) — 2KB
- fy24exhibit311.htm (EX-31.1) — 10KB
- fy24exhibit312.htm (EX-31.2) — 10KB
- fy24exhibit321.htm (EX-32.1) — 4KB
- fy24exhibit322.htm (EX-32.2) — 4KB
- exhibit971-clawbackpolicy.htm (EX-97.1) — 23KB
- image_0.jpg (GRAPHIC) — 2KB
- 0000004127-24-000131.txt ( ) — 8738KB
- swks-20240927.xsd (EX-101.SCH) — 47KB
- swks-20240927_cal.xml (EX-101.CAL) — 86KB
- swks-20240927_def.xml (EX-101.DEF) — 223KB
- swks-20240927_lab.xml (EX-101.LAB) — 746KB
- swks-20240927_pre.xml (EX-101.PRE) — 522KB
- swks-20240927_htm.xml (XML) — 1194KB
: BUSINESS
ITEM 1: BUSINESS. 6
: RISK FACTORS
ITEM 1A: RISK FACTORS. 12
: UNRESOLVED STAFF COMMENTS
ITEM 1B: UNRESOLVED STAFF COMMENTS. 27
: CYBERSECURITY
ITEM 1C : CYBERSECURITY. 27
: PROPERTIES
ITEM 2: PROPERTIES. 28
: LEGAL PROCEEDINGS
ITEM 3: LEGAL PROCEEDINGS. 28
: MINE SAFETY DISCLOSURES
ITEM 4: MINE SAFETY DISCLOSURES . 28 PART II
: MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES
ITEM 5: MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES. 29
: RESERVED
ITEM 6: RESERVED. 29
: MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
ITEM 7: MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. 30
: QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
ITEM 7A: QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK. 35
: FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
ITEM 8: FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA. 37
: CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
ITEM 9: CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE. 64
: CONTROLS AND PROCEDURES
ITEM 9A: CONTROLS AND PROCEDURES. 64
: OTHER INFORMATION
ITEM 9B: OTHER INFORMATION. 65
: DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS
ITEM 9C: DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS. 65 PART III
: DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE GOVERNANCE
ITEM 10: DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE GOVERNANCE. 66
: EXECUTIVE COMPENSATION
ITEM 11: EXECUTIVE COMPENSATION. 66
: SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS
ITEM 12: SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS. 66
: CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE
ITEM 13: CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE. 66
: PRINCIPAL ACCOUNTING FEES AND SERVICES
ITEM 14: PRINCIPAL ACCOUNTING FEES AND SERVICES. 66 PART IV
: EXHIBITS, FINANCIAL STATEMENT SCHEDULES
ITEM 15: EXHIBITS, FINANCIAL STATEMENT SCHEDULES. 67
SIGNATURES
SIGNATURES 71 3 Table of Contents CAUTIONARY STATEMENT This Annual Report on Form 10-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended (the "Exchange Act"), and is subject to the "safe harbor" created by those sections. Any statements that are not statements of historical fact should be considered to be forward-looking statements. Words such as "anticipates", "believes", "continue", "could", "estimates", "expects", "forecasts", "intends", "may", "plans", "potential", "predicts", "projects", "seek", "should", "targets", "will", "would", and similar expressions or variations or negatives of such words are intended to identify forward-looking statements, but are not the exclusive means of identifying forward-looking statements in this Annual Report on Form 10-K. Additionally, forward-looking statements include, but are not limited to: our plans to develop and market new products, enhancements, or technologies and the timing of these development and marketing plans; our estimates of our future financial performance, including expenses, revenues, and profitability; our estimates of demand trends, market opportunities, and our market positioning, including the size of the markets for our products and services; our expectations related to the rate and degree of market acceptance of our products and our customers' products; our estimates regarding our capital requirements and our needs for additional financing; and our estimates of the success of other competing technologies that may become available. Although forward-looking statements in this Annual Report on Form 10-K reflect the good faith judgment of our management, such statements can only be based on facts and factors currently known and understood by us. Consequently, forward-looking statements involve inherent risks and uncertainties, and actual financial results a
BUSINESS
ITEM 1. BUSINESS. 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. Over the past two decades, Skyworks has made important investments to address key network technologies, from cellular to advanced Wi-Fi , enhanced GPS, and Bluetooth , among others. Capitalizing on both organic growth and strategic acquisitions, we are targeting high-growth verticals, while at the same time, seeking to diversify our revenue and customer set. Targeted investments in next-generation technology and solutions, technical talent, and fabrication capabilities have created the opportunity to expand into high-growth market segments, including electric and hybrid vehicles, industrial and motor control, power supply, 5G wireless infrastructure, optical data communication, data center, automotive, smart home, and several other applications. 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. We operate worldwide with engineering, manufacturing, sales, and service facilities throughout Asia, Europe, and North America. Our Internet address is www.skyworksinc.com. We make available free of charge on our website our Annual Re