Q4 2024 Skyworks Solutions Inc Earnings Call Transcript
Key Points
- Skyworks Solutions Inc (SWKS) reported revenue of $1.025 billion, exceeding the midpoint of their guidance.
- The company generated a strong free cash flow of $393 million in the fourth fiscal quarter of 2024.
- Mobile revenue grew 21% sequentially, with expectations for further growth in the December quarter.
- Skyworks Solutions Inc (SWKS) secured 5G content for premium Android smartphones, including Google Pixel 9 and Samsung Galaxy.
- The company expanded its WiFi 7 design win pipeline with major partners like Linksys, NETGEAR, and TP-Link.
- Inventory levels in traditional data center and wireless infrastructure remain elevated, delaying recovery.
- Global demand is muted in automotive and industrial markets due to excess inventory.
- Broad markets growth is more measured than anticipated, with excess inventory in select segments.
- Gross margin is projected to be flat in fiscal 2025 compared to fiscal 2024, due to modest sequential growth in broad markets.
- The company is under shipping natural demand in certain segments, impacting potential revenue growth.
Good afternoon, and welcome to Skyworks Solutions' fourth quarter fiscal year 2024 earnings call. This call is being recorded.
At this time, I will turn the call over to Raji Gill, Vice President of Investor Relations for Skyworks. Mr. Gill, please go ahead.
Thank you, operator. Good afternoon, everyone, and welcome to Skyworks fourth fiscal quarter 2024 conference call. With me today is Liam Griffin, our Chairman, Chief Executive Officer; and President; and Kris Sennesael, Chief Financial Officer for Skyworks.
This call is being broadcast live over the web and can be accessed from the Investor Relations section of the company's website at skyworksinc.com. In addition, the company's prepared remarks will be made available on our website promptly after their conclusion during the call.
Before we begin, I would like to remind everyone that our discussion will include statements relating to future results and expectations that are or may be considered forward
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
