Skyworks Solutions (SWKS) Financial History

Our cash dividend payments and stock repurchases may change from time to time, and we cannot provide assurance that we will increase our cash dividend payment or declare cash dividends or make stock repurchases in any…

Public stock markets experience price and trading volume volatility.

Although we invest significant resources in the testing of our products, from time to time we become aware of alleged defects in our products after they have been shipped, and we may be required to incur additional de…

The semiconductor industry is characterized by vigorous protection, enforcement, and pursuit of intellectual property rights.

Security breaches, phishing, spoofing, malware installations, attempts by others to gain unauthorized access to our information technology systems, networks, and databases, and other cyberattacks continue to become mo…

In addition, increasing governmental, investor, customer, and societal attention on sustainability matters, including expanding mandatory and voluntary reporting, diligence, and disclosure on sustainability topics suc…

Regulations in the United States require that we determine whether certain materials used in our products, referred to as conflict minerals, originated in the Democratic Republic of the Congo or adjoining countries, o…

The semiconductor industry has been subject to increasing environmental regulations, particularly those environmental requirements that control and restrict the use, transportation, emission, discharge, storage, and d…

In order to remain competitive, we expect to continue to transition many of our products to increasingly smaller geometries and form factors.

signal semiconductor products in a timely and cost-effective manner, and our products may not satisfy customer requirements or achieve market acceptance, or we may not be able to anticipate new industry standards and…

Current and potential competitors have established, or may in the future establish, financial, contractual, or strategic relationships among themselves or with customers, resellers, or other third parties.

Our reference design partners have leveraged and may continue to leverage their market position by bundling product offerings or integrating additional functionality into their product offerings that compete with our…

As a result, certain competitors may be able to adapt more quickly than we can to new or emerging technologies, such as AI, and changes in customer requirements or may be able to devote greater resources to the develo…

Existing indebtedness under our Revolving Credit Facility or the Notes could have the effect, among other things, of reducing our flexibility to respond to changing business and economic conditions.

Additionally, on May 21, 2021, the Company entered into a revolving credit agreement with various financial institutions, as lenders, and JPMorgan Chase Bank, N.A., as administrative agent, providing for a $750 millio…

In May 2021, the Company issued in a public offering $500 million of 1.80% Senior Notes due 2026 and $500 million of 3.00% Senior Notes due 2031 (collectively, the “Notes”), which Notes remain outstanding.

Although we have invested in the past, and intend to continue to invest, significant resources in internal research and development activities, the complexity and rapidity of technological changes and the significant…

We have been and are engaging in activities to upgrade, enhance and improve various Company enterprise applications and information technology systems, including relating to demand management, enterprise management, q…

Although we are evaluating, and where we believe appropriate, incorporating AI tools into our operations, our use of AI tools may subject us to significant competitive, legal, regulatory and other risks, and there can…

Our success depends, in large part, on the continued contributions of our senior management team, none of whom is bound by a written employment contract to remain with us for a specified period.

As the source of our technological and product innovations, our key engineering and technical personnel represent a significant asset.

Our manufacturing operations depend on obtaining adequate supplies of raw materials and components used in our manufacturing processes at a competitive cost.

order basis.

Our key facilities include, but are not limited to, our semiconductor wafer fabrication facilities in Newbury Park, California, and Woburn, Massachusetts; our SAW, TC-SAW, and BAW filter wafer processing facilities in…

Our manufacturing operations are complex and subject to disruption, including due to causes beyond our control.

Our products are not sold directly to the end user but are components or subsystems of other products.

Significant portions of our sales are concentrated among a limited number of customers.

We employ certain methods, assumptions, estimates, and other subjective judgments in order to apply our accounting policies and to project future performance, and such projections may be publicly disclosed from time t…

•market acceptance of our products and our customers’ products including market acceptance of, or our customers’ ability to incorporate, new, emerging technologies, such as AI,

•the gain or loss of significant customers, or sockets with any such customers,

•changes in end-user demand for the products manufactured and sold by our customers, including longer replacement cycles for smartphones,

•the level of widespread deployment or adoption of commercial 5G networks, AI and other new technologies,

government actions that restrict our ability to sell our products to Chinese customers or to manufacture or source components in China, and countermeasures imposed by China in response, including the countermeasures a…

Beginning in fiscal 2023, for U.S.

Some of the countries in which we operate and seek to expand are in emerging markets where legal systems may be less developed or familiar to us, potentially impacting our ability to obtain appropriate recourse in the…

•limitations on our ability under local laws to protect or enforce our intellectual property rights.

•natural disasters and severe weather events, including earthquakes, wildfires, droughts, hurricanes, tsunamis, floods, rising sea levels, as well as other impacts of climate change,

•the laws and policies of the United States and other countries affecting trade and foreign investment, including prohibitions on certain trade and other activities in China, Russia, Belarus, and portions of Ukraine,…

•global, regional, and local economic and political conditions, including social, economic, political, and supply chain instability related to the uncertainty regarding the relationships among the United States, China…

•We may be subject to risks of litigation and disputes.

•We may not be able to maintain and improve manufacturing yields.

•We, our customers and our suppliers are subject to the risks of doing business in China.

• our revenue concentrations with relatively few customers,

and delays.

governmental and regulatory agencies, will continue to increase the cost of our compliance and internal risk management programs and to alter the environment in which we do business, which could have a material advers…

In order to remain competitive, we expect to continue to transition many of our products to increasingly smaller geometries and form factors.

their products than we can.

• the ability to secure government incentives and grants, such as funding available under the CHIPS and Science Act of 2022.

The agreements that govern our indebtedness contain various covenants that impose restrictions that may affect our ability to operate our businesses.

We incurred indebtedness in connection with the acquisition of the Infrastructure and Automotive business of Silicon Labs, which could reduce our flexibility to operate our business.

Although we have invested in the past, and intend to continue to invest, significant resources in internal research and development activities, the complexity and rapidity of technological changes and the significant…

operate.

may encounter with the delivery, quality, or cost of our products could damage our customer relationships and materially and adversely affect our business, results of operations, and financial condition.

have been exploring alternative sites in other locations.

that differ significantly from previous estimates and projections.

Demand from Chinese customers may be adversely affected by China’s evolving laws and regulations, including those relating to taxation, import and export tariffs and restrictions, currency controls, environmental regu…

• the laws and policies of the United States and other countries affecting trade, foreign investment and loans, foreign travel, and import or export licensing requirements, including, but not limited to, prohibitions…

Certain provisions in our organizational documents and Delaware law may make it difficult for someone to acquire control of us.

There can be no assurance that we will continue to declare cash dividends or repurchase our stock.

•our revenue concentrations with relatively few customers, including the impact of the achievement or loss of design wins with such customers,

Our stock price has been volatile and may fluctuate in the future.

Risks Associated with Owning our Common Stock

perform as anticipated in such applications.

We may be subject to warranty claims, product recalls, and other liability claims.

We may be subject to claims of infringement of third-party intellectual property rights or demands that we license third-party technology.

plaintiff in some of these actions and the defendant in others.

From time to time, we have been, and may become involved in litigation with customers, suppliers, competitors, government or regulatory agencies, shareholders, employees, former employees, contractors, former contract…

We may be subject to risks of litigation and disputes.

Risks Associated with Claims and Litigation

We are subject to the risks of licensing third-party intellectual property.

In order to remain competitive, we must be able to successfully protect our intellectual property rights.

derived from “open source” software that generally is made publicly available by its developers or other third parties.

We may not be able to prevent, or timely detect, information technology security breaches.

Risks Associated with Cybersecurity and Intellectual Property Protection

Increasingly stringent environmental laws, rules, regulations, and customer expectations may require us to redesign our existing products and processes, which could adversely affect our ability to cost-effectively pro…

We continually evaluate expenditures for planned product development and choose among alternatives based on our understanding of customer technical requirements, new industry standards, and expectations of future mark…

Remaining competitive in the semiconductor industry depends upon our ability to constantly innovate.

•the ability to secure government incentives, credits and grants.

The wireless communications, analog and mixed-signal semiconductor markets are characterized by significant competition.

The semiconductor industry is highly cyclical and subject to significant downturns.

disadvantages relative to other companies with lower debt levels.

In addition, we expect to incur a substantial amount of additional indebtedness in connection with the Mergers and have entered into the Bridge Commitment Letter for the purpose of financing a portion of the cash cons…

Our outstanding indebtedness could reduce our flexibility to operate our business.

To be successful, we may need to make additional investments and acquisitions, integrate companies we acquire, and/or enter into strategic alliances.

We may encounter problems upgrading, enhancing, and improving our enterprise applications.

regulations related to AI that could cause us to incur greater compliance costs, limit our use of AI tools, or subject us to legal liabilities.

We are exposed to risks related to the use of AI tools by us and others.

We face a risk that capital needed for our business will not be available when we need it.

We are subject to uncertainties involving the ordering and shipment of, and payment for, our products.

In fiscal 2025, we implemented several senior management changes.

If our senior management transitions are not successful, our business and future growth prospects could be harmed.

Our business could be adversely affected by the departure of existing members of our senior management team or if our senior management team is unable to effectively implement our strategy.

particularly in engineering.

We may not be able to effectively operate our business if we are unable to attract and retain qualified personnel.

We are dependent upon third parties for the supply of raw materials and components.

Although we own and operate assembly and test facilities, as part of our supply resilience and business continuity strategies, we still depend on subcontractors to package, assemble, and test certain of our products a…

We are dependent upon third parties for the manufacture, assembly, and testing of our products.

We may not be able to maintain and improve manufacturing yields.

has decided to redevelop it for other uses, we will need to relocate our Singapore Filter Manufacturing Facility by the end of the sublease, and we have been exploring alternative sites in other locations.

Our manufacturing processes are extremely complex, specialized, and subject to disruption.