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Skyworks Solutions SWKS Q3 2024 earnings

Reported July 30, 2024 · After market close

Revenue$905.5MMiss by $101.9M
EPS$1.21In line
Revenue estimate$1.0B
EPS estimate$1.21

Next report

Oct 27, 2026 (in 3 months)
Revenue estimate$1.0B
EPS estimate$1.30

Financials

Q3 2024

Income statement

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Revenue$905.5M-15.5%
Gross profit$364.1M-21.5%
Operating income$130.4M-43.5%
Net income$120.9M-38.3%
EPS (diluted)$0.75-38.5%

Balance sheet

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Cash & equivalents$1.3B+75.1%
Total debt$1.2B-29.9%
Total equity$6.3B+7.8%
Total assets$8.2B-2.7%

Cash flow

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Operating cash flow$273.4M-10.6%
CapEx$24.4M-22.0%
Free cash flow$249.0M-9.3%

Valuation & ratios

Valuation

as of 06/28/24
See full
Market cap$18.22B0.0%
Enterprise value$18.16B-5.5%
P/E23.4×+5.8×
P/S4.2×+0.5×

Profitability

See full
Gross margin40.5%-5.9pp
Operating margin19%-6.4pp
Net margin17.8%-3.1pp
FCF margin35.9%+6.8pp

Returns & leverage

See full
Return on equity12.8%-5.8pp
Debt / equity0.2×-0.1×
Current ratio5.8×+1.9×

Segments

By geography

See full
United States$658.5M
Taiwan$80.7M
China$75.9M
South Korea$52.9M

Versus estimates

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Questions, answered.

When did Skyworks Solutions report Q3 2024 earnings?
Skyworks Solutions (SWKS) reported Q3 2024 earnings on July 30, 2024 after market close.
What were Skyworks Solutions's Q3 2024 revenue and EPS?
Skyworks Solutions reported revenue of $905.5M and eps of $1.21 for Q3 2024.
Did Skyworks Solutions beat estimates in Q3 2024?
Revenue missed the consensus estimate of $1.0B by $101.9M. EPS beat the consensus estimate of $1.21 by $0.00.
Where can I find Skyworks Solutions's Q3 2024 SEC filings?
You can read the 10-Q periodic report (0000004127-24-000070) directly on SEC EDGAR. The filing index links above go to sec.gov.