SKYWORKS SOLUTIONS, INC. (SWKS)

Skyworks Solutions, Inc. is a developer, manufacturer and provider of analog and mixed-signal semiconductor products and solutions. Its products serve applications including aerospace, automotive, broadband, cellular infrastructure, connected home, defense, entertainment and gaming, industrial, medical, smartphone, tablet and wearables. The company supports a broad set of wireless systems and protocols, including cellular (such as 5G), Wi-Fi, GPS, Bluetooth, LoRa, Thread, Wi-Sun and Zigbee. It is targeting high-growth areas such as electric and hybrid vehicles, industrial and motor control, power supply, 5G wireless infrastructure, optical data communication, data center and smart home, while seeking to diversify its revenue and customer base.

The product portfolio is broad and includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, detectors, digital power isolators, diversity receive modules, filters (SAW, TC-SAW and BAW), front-end modules, low-noise amplifiers, mixers, modulators, optocouplers, phase locked loops, power isolators, ProSLIC subscriber line interface circuits, receivers, system-in-package solutions, switches, synthesizers, timing devices, voltage regulators and other components. Technology strengths include advanced filtering, passive devices, proprietary shielding, 3-D die stacking and the Sky5 platform. The company owns approximately 5,200 issued patents worldwide. It invested $785.5 million in research and development in fiscal 2025.

Customers include OEMs, smartphone providers and baseband reference design partners. Named customers include Amazon, Apple, Cisco, Ericsson, Google, Microsoft, Nokia, Samsung, Sony, Tesla and Xiaomi. Skyworks sells globally through a direct sales force, electronic component distributors and independent sales representatives, reaching approximately 6,900 customers with 4,900 unique products. A small number of OEMs historically account for a significant portion of net revenue, and Apple represented more than ten percent of net revenue in each of fiscal 2023, 2024 and 2025. Demand is seasonal, highest in the fiscal quarters ending December and September and lowest in those ending March and June.

Skyworks uses a hybrid manufacturing model that combines internal manufacturing with alliances and strategic relationships for leading-edge technologies. Raw materials are generally available from several sources, though the company depends on a limited number of sole-source suppliers for certain components and services. Competitors include Analog Devices, Broadcom, Cirrus Logic, Murata Manufacturing, NXP Semiconductors, Qorvo, Qualcomm and Texas Instruments. The company operates worldwide, with engineering, manufacturing, sales and service facilities in Asia, Europe and North America. It has approximately 10,000 employees, about 54% in Mexico, 24% in the United States and 20% in Asia.