Skyworks Solutions Reports $965M Revenue for Q2 2025, Sees Year-to-Date Decline

Skyworks Solutions, Inc. reported a net revenue of $965.0 million for the three months ended June 27, 2025, marking a 6.6% increase from $905.5 million in the same period last year. However, for the nine months ending June 27, 2025, the company experienced a decline in revenue to $2,986.7 million, down 5.3% from $3,153.0 million in the prior year. The increase in quarterly revenue was primarily driven by heightened demand for mobile and Wi-Fi products, while the year-to-date decline was attributed to decreased demand for mobile products, partially offset by growth in Wi-Fi product sales. Gross profit for the quarter rose to $401.0 million, a 10.1% increase from $364.1 million, resulting in a gross margin of 41.6%.

Operating income for the three months ended June 27, 2025, was $110.6 million, down from $130.4 million in the same quarter of the previous year. The decrease in operating income was influenced by a rise in operating expenses, which totaled $290.4 million, compared to $233.7 million in the prior year. Research and development expenses surged by 24.1% to $199.4 million, reflecting increased investment in new technologies and product development. Selling, general, and administrative expenses also rose by 25.4% to $89.3 million, driven by higher headcount-related costs and professional services.

Skyworks' balance sheet as of June 27, 2025, showed total assets of $7,714.6 million, down from $8,283.3 million at the end of the previous fiscal year. Cash and cash equivalents decreased to $1,185.9 million, primarily due to share repurchases totaling $333.4 million and dividend payments of $103.9 million. The company repurchased 5.2 million shares during the quarter under its stock repurchase program, which has approximately $1.2 billion remaining for future buybacks. The total liabilities increased to $2,062.1 million, up from $1,946.6 million, largely due to an increase in current liabilities.

Looking ahead, Skyworks anticipates that revenue may be negatively impacted in the fourth quarter of fiscal 2025 due to a decrease in market share with a significant customer. The company continues to focus on enhancing its product offerings and operational efficiencies to mitigate the effects of market fluctuations. Additionally, Skyworks is evaluating the potential impacts of new accounting standards and tax regulations on its financial reporting and operations. The company remains committed to its strategic initiatives, including ongoing investments in research and development to drive future growth.