Skyworks Solutions, Inc.SWKS

Skyworks Solutions just closed its latest quarter with revenue of $943.7 million, net income of $35.6 million, and a diluted EPS of $0.24-numbers that look tidy on a slide but feel less stellar when you notice the share count crept up by 2.1 million shares while the cash pile shrank by $170 million since the same quarter last year. The company’s cash and equivalents now stand at $1.41 billion, a sum large enough to keep the lights on but small enough to make you wonder why the finance team isn’t asking the factories for a discount on electricity. (source: 10-Q, period ending 2026-04-03, https://www.sec.gov/Archives/edgar/data/4127/000000412726000034/rm.htm)

Skyworks’ core business is timing and connectivity: it makes clock buffers, synthesizers, and power amplifiers that sit inside smartphones, cars, industrial gear, and the guts of next-generation AI servers. The company’s latest product blurb brags about automotive PCIe clock buffers that promise to keep data lanes humming inside electric vehicles and data-centre brains, while a fresh digital-radio coprocessor family elbows its way into car infotainment stacks. These are real products with real customers, but the filing language still reads like it was written by the same PR firm that names airport terminals after clouds. (source: Automotive PCI Express Clock Buffers product page, https://www.skyworksinc.com/Products/Timing/Automotive-PCI-Express-PCIe-Clock-Buffers; Product Announcements rail, https://www.skyworksinc.com/Press/New-Product-Announcements)

The quarterly filings show operating income of $42.1 million against R&D spend of $212.4 million and capital expenditure of $138.9 million-numbers that add up to a company spending heavily to stay in the race while hoping the finish line doesn’t move. Inventory rose by $134.7 million to $885.6 million, a jump that could signal channel fill, supply-line bloat, or simply the CFO practising the office shuffle while waiting for demand to catch up. Net cash from operations clocked in at $445.8 million, which is healthy until you recall that the company is simultaneously funding capex and holding back a mountain of inventory, leaving precious little for the vaunted “return of capital” slide deck. (source: 10-Q, period ending 2026-04-03, https://www.sec.gov/Archives/edgar/data/4127/000000412726000034/rm.htm)

For a quick route to the numbers, the SEC’s XBRL company facts feed gives the full data set in machine-readable form, while the submissions JSON lists every filing from the last decade in one place-proof that even a company with $7.9 billion in assets still spends more time filing than innovating. (source: SEC companyfacts JSON, https://data.sec.gov/api/xbrl/companyfacts/CIK0000004127.json; SEC submissions JSON, https://data.sec.gov/submissions/CIK0000004127.json)

The really interesting wrinkle is the May 2026 8-K, which ticks the box on “design wins into revenue” and “market acceptance of Skyworks’ products,” phrases straight out of the supplier-bingo lexicon. Translation: customers are still signing up, but the revenue lags like a tourist at a border crossing during a strike. Meanwhile, the company’s latest 425 and 8-K filings are light on hard numbers and heavy on forward-looking statements that could have been written in 2023 and still pass muster. (source: SWKS 425 (2026-06-12), https://www.sec.gov/Archives/edgar/data/4127/000110465926073097/tm2613769d2_425.htm; SWKS 8-K (2026-06-12), https://www.sec.gov/Archives/edgar/data/4127/000110465926073096/tm2613769d1_8k.htm; SWKS 8-K (2026-05-20), https://www.sec.gov/Archives/edgar/data/4127/000110465926064574/tm2614811d2_8k.htm)