Slides
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Corporate Overview June 2025
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Please note that the attached presentation includes forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements include projections and information relating to future events, prospects, expectations and results of Skyworks (e.g., certain projections and business trends, as well as plans for dividend payments). We caution you that actual results may differ materially and adversely from those projected in the forward-looking statements as a result of certain risks and uncertainties, those noted in the appendix to this presentation and in our most recent Form 10-K and Form 10-Q filings, which you may obtain for free at the SEC’s website at https://www.sec.gov. We undertake no obligation to update any forward-looking statements. This presentation contains certain non-GAAP financial measures that Skyworks believes are useful in evaluating our operating performance. Refer to the appendix to this presentation for reconciliation to GAAP of these non-GAAP measures and to our most recent earnings release at https://investors.skyworksinc.com for additional information about our use of non-GAAP financial measures. Third-party trademarks and logos are the property of their respective owners. Safe Harbor Statement 2
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Skyworks at a Glance 3 $4.2 Billion Annual Revenue FY24 ~6,000 Customers ~5,000 Patents Connecting Everyone and Everything, All the Time. ~6,000 Unique Products ~10,100 Employees 17 Countries
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Financial Performance 4 (1) Non-GAAP – Adjusted for Certain Items. See Appendix and our Q2 FY25 Earnings Releases for a Reconciliation to GAAP. $4.2B Net Revenue $6.27 Non-GAAP Diluted EPS(1) $1.7B Free Cash Flow (1) Fiscal Year 2024 Q2 FY25 $953M Net Revenue $1.24 Non-GAAP Diluted EPS(1) $371M Free Cash Flow (1)
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Delivering Long-Term Shareholder Value 5 Capitalizing on Ubiquitous Wireless Technologies Fund Growth Opportunities While Returning Cash to Shareholders Connectivity Leadership CONNECTIVITY EVERYWHERE EXPANDING CUSTOMER REACH ~6,000 Customers Across Mobile and Broad Markets STRONG CASH GENERATION TRUSTED LEADER WORLD-CLASS SCALE Differentiated Manufacturing Footprint
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Skyworks is at the Forefront of Connectivity 6 Connecting People Connecting Everything
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Helping to Lead the Global Shift to 5G 7 Delivers Innovative Performance Fast Data Throughput Enhanced Mobile Broadband (eMBB) Extremely Low Latency Ultra-Reliable Low Latency Communications (URLLC) Enhanced Spectral Efficiency Massive Machine Type Communications (mMTC)
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8 Rapidly Growing Addressable Markets and Applications
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Global Technology and Manufacturing Footprint 9 Woburn, MA Newbury Park, CA Mexicali, Mexico Japan Singapore Protocol Optimized Custom GaAs Fab GaAs for Mobile and Broad Market Solutions Advanced Packaging, Assembly and Test High Performance Filtering (SAW, TC-SAW, BAW)
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Addressing a Diverse and Growing Set of End Markets 10 Connected Cars Mobile Cloud Gaming Mobile AR / VR Technology 5G Mobile Internet Users High-Def Everywhere
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Diverse Revenue Across Mobile and Broad Markets 11 Fiscal Year 2024 Broad Markets Mobile
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Mobile Revenue – Growth Across All Leading Platforms 12 Mobile Revenue – Across All Premium Smartphone OEMs ~$1.7B ~$2.8B FY14 FY24
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13 Increasing Levels of Complexity and Content with Each New Generation 2G 3G 4G 5G Power Amplifiers Power Amplifiers Filters Switches Filters: 40 Bands: 15 Tx/Rx Filters: 30 CA Combos: 10 Peak Rate 150Mbps 2x2 MIMO DL Filters: 70 Bands: 30 Tx/Rx Filters: 75 CA Combos: 200 Peak Rate > 1Gbps 4x4 MIMO DL and UL
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` 14 Powering a Leading Cellular Technology Roadmap Cellular ReceiveCellular Transmit Antenna Management GPS Wi-Fi / Bluetooth BAW TC-SAW SOI / Si GaAs Power Amplifier 3D Self-Shielded Packaging Skyworks Internal Technologies
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Broad Content Expansion Driven by Higher Performance 15 Wi-Fi 6E Tx/Rx Quad GSM PA Precision GPS Sky5® Ultra HB BAW Sky5® Ultra MB Sky5® Ultra LB Precision Antenna Tuning Low Band DRx Mid Band DRx Vibrant and Highly Profitable Mobile Ecosystem Smartphones / IoT Devices Are Critical Network Access Points Increasing Demand for Powerful Connectivity Engines Best-in-Class Performance Deep Reach and Leadership in Mobile Uniquely Positioned Versus Competition MIMO DRx High Band Tx DRx
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Diversifying Revenue Across Secular Growth Broad Markets 16 Fiscal Year 2024 Internet of Things Automotive and Industrial Infrastructure and Cloud
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Broad Market Revenue Growth – Fueling Diversification 17 Broad Market Revenue Expanding Customer Base >2,000 ~6,000 FY16 FY24 ~$0.6B ~$1.4B FY14 FY24
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18 Blazing-fast Wi-Fi 6E and 7 with Greater Quality of Service for an Expanding Array of Devices
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Network Densification Drives RF Demand and Accelerates 5G Infrastructure Growth Massive MIMO Small Cells Indoor Radios 19
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20 Inspiring EV/Hybrid and Autonomous Vehicle Innovation Cellular Connectivity and Infotainment Power Isolation for EV/Hybrid Timing Solutions Digital Radio Co-Processors
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A Leader in Factory Automation and Smart Energy Intelligent Edge Computing Motor Drive / Metering Industrial Automation Advanced Robotics Nex-Gen Smart Energy Solutions 21
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High-Speed Connectivity for AI-Enabled, Data-Intensive Infrastructure and Cloud Upgrades 22
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23 Game-Changing Cognitive Audio
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Our Strategic Path 24 Mobile IoT Emerging Expanding Customers Enabling New Applications Extending Technology Reach Across Tier 1 Platforms Driving New Technology Adoption Leveraging Core Technologies Across Multiple Markets
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Non-GAAP Diluted EPS (1) Revenue Top and Bottom-Line Growth 25 (1) Non-GAAP – Adjusted for Certain Items. See Appendix and our Q4 FY14, Q4 FY19, and Q4 FY24 Earnings Releases for a Reconciliation to GAAP. $3.24 $6.17 $6.27 FY14 FY19 FY24 $2.3B $3.4B $4.2B FY14 FY19 FY24
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Non-GAAP Free Cash Flow (1) Exceptional Cash Generation 26 (1) Non-GAAP – Adjusted for Certain Items. See Appendix for a Reconciliation to GAAP. $0.6B $1.0B $1.7B FY14 FY19 FY24
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Total Annual Dividends $0.65 $1.06 $1.16 $1.34 $1.58 $1.82 $2.06 $2.30 $2.54 $2.74 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 10 Years of Dividend Increases 27
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Cumulative Share Repurchases Year-end Fully Diluted Share Count (M) Cumulative Share Repurchases of $4.8 Billion 28 194 195 187 186 178 172 167 166 161 160 162 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY14 FY24 $4.8B
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Executive Management Team 29 Robert J. Terry Senior Vice President, General Counsel & Secretary Kari Durham Senior Vice President, Human Resources Reza Kasnavi Executive Vice President, Chief Operations & Technology Officer Yusuf Jamal Senior Vice President & General Manager, Diversified Analog Solutions Joel R. King Senior Vice President & General Manager, Mobile Solutions Robert A. Schriesheim Interim Chief Financial Officer & Director Brian Mirkin Senior Vice President & General Manager, Mixed Signal Solutions Philip Brace Chief Executive Officer & President Todd Lepinski Senior Vice President, Sales & Marketing
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This presentation includes “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements include information relating to future events, prospects, expectations, and results of Skyworks (e.g., certain projections and business trends, as well as plans for dividend payments). Forward-looking statements can often be identified by words such as “anticipates,” “expects,” “forecasts,” “intends,” “believes,” “plans,” “target,”“may,” “will” or “continue,” and similar expressions and variations or negatives of these words. All such statements are subject to certain risks, uncertainties and other important factors that could cause actual results to differ materially and adversely from those projected and may affect our future operating results, financial position and cash flows. These risks, uncertainties and other important factors include: the risks of doing business internationally, including from trade war or trade protection measures (e.g., tariffs, retaliatory tariffs and other countermeasures or taxes), increased import/export restrictions and controls (e.g., our ability to obtain foreign-sourced raw materials, including from Chinese-based sources, as well as our ability to sell products to certain specified foreign entities only pursuant to a limited export license from the U.S. Department of Commerce), the susceptibility of the semiconductor industry and the markets addressed by our, and our customers’, products to economic cycles or changes in economic conditions, including inflation and recession that could result from trade war or trade protection measures; our reliance on a small number of key customers for a large percentage of our sales; decreased gross margins and loss of market share as a result of increased competition; our ability to obtain design wins from customers; market acceptance of our products and our customers’ products, including market acceptance of new, emerging technologies such as AI; delays in the deployment of commercial 5G networks or in consumer adoption of 5G- enabled devices; the volatility of our stock price; changes in laws, regulations and/or policies that could adversely affect our operations and financial results, the economy and our customers’ demand for our products, or the financial markets and our ability to raise capital; fluctuations in our manufacturing yields due to our complex and specialized manufacturing processes; our ability to develop, manufacture and market innovative products, avoid product obsolescence, reduce costs in a timely manner, transition our products to smaller geometry process technologies and achieve higher levels of design integration; the quality of our products and any defect remediation costs; our products’ ability to perform under stringent operating conditions; the availability and pricing of third-party semiconductor foundry, assembly and test capacity, raw materials, including rare earth and similar minerals, supplier components, equipment and shipping and logistics services, including limits on our customers’ ability to obtain such services and materials; disruptions to our manufacturing processes, including relating to any relocation of our key facilities; our ability to successfully manage our senior management transitions; our ability to retain, recruit and hire key executives or the departure of any such executives, technical personnel and other employees in the positions and numbers, with the experience and capabilities, and at the compensation levels needed to implement our business and product plans; the timing, rescheduling or cancellation of significant customer orders and our ability, as well as the ability of our customers, to manage inventory; other economic, social, military and geopolitical conditions in the countries in which we, our customers or our suppliers operate, including the conflicts in Ukraine and the Middle East, possible disruptions in transportation networks, and fluctuations in foreign currency exchange rates; reduced flexibility in operating our business as a result of the indebtedness incurred in connection with the transaction with Silicon Laboratories Inc.; the effects of global health crises on business conditions in our industry, including the risk of significant disruptions to our business operations, as well as negative impacts to our financial condition; our ability to prevent theft of our intellectual property, disclosure of confidential information or breaches of our information technology systems; uncertainties of litigation, including potential disputes over intellectual property infringement and rights, as well as payments related to the licensing and/or sale of such rights; our ability to continue to grow and maintain an intellectual property portfolio and obtain needed licenses from third parties; our ability to make certain investments and acquisitions, integrate companies we acquire and/or enter into strategic alliances with; and other risks and uncertainties, including those detailed from time to time in our filings with the Securities and Exchange Commission. The forward-looking statements contained in this presentation are made only as of the date hereof, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. Appendix: Safe Harbor Statement 30
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Appendix: Unaudited Reconciliations of Non-GAAP Financial Measures 31