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Sep 27, 2024
Skyworks Q4 2024 Earnings Report
Skyworks reported Q4 and full year FY24 results.
Key Takeaways
Skyworks' Q4 2024 revenue was $1.025 billion, a 13% sequential increase. GAAP diluted EPS was $0.37, and non-GAAP diluted EPS was $1.55. The company generated annual operating cash flow of $1.825 billion and free cash flow of $1.668 billion.
Revenue for the fourth fiscal quarter of 2024 was $1.025 billion.
GAAP diluted earnings per share of $0.37.
Non-GAAP diluted earnings per share of $1.55.
Generated over $1.6 billion of free cash flow.
Skyworks
Skyworks
Forward Guidance
For the December quarter, Skyworks expects revenue to be $1.05 billion to $1.08 billion with non-GAAP diluted earnings per share of $1.57 at the mid-point of the revenue range.
Positive Outlook
- Expects revenue to be $1.05 billion to $1.08 billion.
- Mobile business to be up mid-single digits sequentially.
- Driven by seasonal product ramps.
- Anticipate further modest sequential growth in broad markets.
- Return to year-over-year growth.
Challenges Ahead
- Difficult to estimate GAAP diluted earnings per share for Q1 2025.
- Unanticipated changes in GAAP effective tax rate.
- Unanticipated one-time charges related to asset impairments.
- Unanticipated acquisition-related expenses.
- Unanticipated settlements, gains, losses, and impairments.