$SWKS

SKYWORKS SOLUTIONS, INC.

CIK:0000004127|SEC Filings

Consolidated Statements Of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Jul. 03, 2026	Jun. 27, 2025	Jul. 03, 2026	Jun. 27, 2025
Income Statement [Abstract]
Net revenue	$ 934.8	$ 965.0	$ 2,913.9	$ 2,986.7
Cost of goods sold	559.8	564.0	1,726.3	1,752.1
Gross profit	375.0	401.0	1,187.6	1,234.6
Operating expenses:
Research and development	207.8	199.4	623.5	562.4
Selling, general, and administrative	98.7	89.3	326.8	259.9
Amortization of intangibles	0.2	0.2	0.7	0.7
Restructuring, impairment, and other charges	19.8	1.5	42.2	22.6
Total operating expenses	326.5	290.4	993.2	845.6
Operating income	48.5	110.6	194.4	389.0
Interest expense	(5.9)	(6.6)	(19.8)	(20.2)
Other income, net	6.2	8.0	29.3	35.9
Income before income taxes	48.8	112.0	203.9	404.7
Provision for income taxes	14.9	7.0	55.2	69.0
Net income	$ 33.9	$ 105.0	$ 148.7	$ 335.7
Earnings per share:
Basic (in dollars per share)	$ 0.23	$ 0.70	$ 0.99	$ 2.15
Diluted (in dollars per share)	$ 0.22	$ 0.70	$ 0.99	$ 2.14
Weighted average shares:
Basic (in shares)	150.4	150.0	150.1	156.3
Diluted (in shares)	151.4	150.3	150.8	156.9
Common stock, dividends declared (in dollars per share)	$ 0.71	$ 0.70	$ 2.13	$ 2.10

Consolidated Statements Of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Jul. 03, 2026	Jun. 27, 2025
Cash flows from operating activities:
Net income	$ 148.7	$ 335.7
Adjustments to reconcile net income to net cash provided by operating activities:
Share-based compensation	168.9	168.9
Depreciation	216.1	206.3
Amortization of intangible assets	130.4	139.8
Deferred income taxes	7.6	21.1
Amortization of debt discount and issuance costs	1.4	1.5
Other, net	(2.7)	(5.2)
Changes in assets and liabilities:
Receivables, net	250.0	112.6
Inventory	(268.1)	85.2
Accounts payable	30.0	32.6
Other current and long-term assets and liabilities	(166.1)	2.3
Net cash provided by operating activities	516.2	1,100.8
Cash flows from investing activities:
Capital expenditures	(226.0)	(139.0)
Purchased intangibles	(19.8)	(24.1)
Purchases of marketable securities	(28.6)	(415.9)
Sales and maturities of marketable securities	232.7	473.9
Other	3.3	2.2
Net cash used in investing activities	(38.4)	(102.9)
Cash flows from financing activities:
Repurchase of common stock - payroll tax withholdings on equity awards	(41.6)	(43.4)
Repurchase of common stock - stock repurchase program	(7.5)	(830.2)
Dividends paid	(320.1)	(327.0)
Proceeds from employee stock purchase plan	21.2	20.0
Debt financing costs	(1.1)	0.0
Payments of debt	(500.0)	0.0
Net cash used in financing activities	(849.1)	(1,180.6)
Net decrease in cash and cash equivalents	(371.3)	(182.7)
Cash and cash equivalents at beginning of period	1,161.3	1,368.6
Cash and cash equivalents at end of period	790.0	1,185.9
Supplemental cash flow disclosures:
Income taxes paid	127.2	137.5
Interest paid	24.7	24.7
Incentives paid in common stock	16.6	0.0
Non-cash investing in purchased intangibles, accrued but not paid	0.0	84.9
Non-cash investing in capital expenditures, accrued but not paid	37.5	35.9
Operating lease assets obtained in exchange for new lease liabilities	$ 5.5	$ 27.1

Consolidated Balance Sheets - USD ($) $ in Millions	Jul. 03, 2026	Oct. 03, 2025
Current assets:
Cash and cash equivalents	$ 790.0	$ 1,161.3
Marketable securities, current	9.2	212.9
Receivables, net of allowances of $0.9 and $0.9, respectively	348.2	598.1
Inventory	1,015.5	754.7
Other current assets	548.0	350.0
Total current assets	2,710.9	3,077.0
Property, plant, and equipment, net	1,205.7	1,194.6
Operating lease right-of-use assets	174.7	192.4
Goodwill	2,176.7	2,176.7
Intangible assets, net	678.8	809.0
Deferred tax assets, net	368.1	375.6
Marketable securities, noncurrent	14.6	14.2
Other long-term assets	95.5	77.5
Total assets	7,425.0	7,917.0
Current liabilities:
Accounts payable	268.6	236.0
Accrued compensation and benefits	173.4	180.7
Current portion of long-term debt	0.0	499.4
Other current liabilities	432.3	407.1
Total current liabilities	874.3	1,323.2
Long-term debt	496.9	496.4
Long-term tax liabilities	108.5	85.7
Long-term operating lease liabilities	147.9	170.5
Other long-term liabilities	59.1	84.1
Total liabilities	1,686.7	2,159.9
Stockholders’ equity:
Preferred stock, no par value: 25.0 shares authorized, no shares issued	0.0	0.0
Common stock, $0.25 par value: 525.0 shares authorized; 150.5 shares issued and outstanding at July 3, 2026, and 148.7 shares issued and outstanding at October 3, 2025	37.6	37.2
Additional paid-in capital	220.6	68.1
Retained earnings	5,485.5	5,656.9
Accumulated other comprehensive loss	(5.4)	(5.1)
Total stockholders’ equity	5,738.3	5,757.1
Total liabilities and stockholders’ equity	$ 7,425.0	$ 7,917.0