SKYWORKS SOLUTIONS INC
For the period ended Jun 28, 2024. Filed Jul 31, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 28, 2024 · Filed Jul 31, 2024
SWKS$82.19+1.2%Stored close · as of Nov 6, 2026
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CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited, in millions, except per share amounts)
| Three Months Ended | Nine Months Ended | |||
|---|---|---|---|---|
| June 28, 2024 | June 30, 2023 | June 28, 2024 | June 30, 2023 | |
| Net revenue | $905.5 | $1,071.2 | $3,153.0 | $3,553.6 |
| Cost of goods sold | 541.4 | 607.1 | 1,862.0 | 1,924.4 |
| Gross profit | 364.1 | 464.1 | 1,291.0 | 1,629.2 |
| Operating expenses: | ||||
| Research and development | 160.7 | 148.0 | 468.1 | 460.0 |
| Selling, general, and administrative | 71.2 | 77.2 | 226.7 | 240.7 |
| Amortization of intangibles | 0.2 | 3.8 | 0.7 | 29.5 |
| Restructuring, impairment, and other charges | 1.6 | 4.4 | 17.5 | 28.0 |
| Total operating expenses | 233.7 | 233.4 | 713.0 | 758.2 |
| Operating income | 130.4 | 230.7 | 578.0 | 871.0 |
| Interest expense | (6.6) | (16.2) | (23.8) | (52.0) |
| Other income, net | 9.6 | 7.6 | 23.8 | 13.6 |
| Income before income taxes | 133.4 | 222.1 | 578.0 | 832.6 |
| Provision for income taxes | 12.5 | 26.3 | 42.5 | 94.6 |
| Net income | $120.9 | $195.8 | $535.5 | $738.0 |
| Earnings per share: | ||||
| Basic | $0.75 | $1.23 | $3.34 | $4.63 |
| Diluted | $0.75 | $1.22 | $3.32 | $4.61 |
| Weighted average shares: | ||||
| Basic | 160.4 | 159.2 | 160.2 | 159.4 |
| Diluted | 161.4 | 160.0 | 161.4 | 160.0 |
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