Skyworks Solutions Inc. - S&P Global Ratings’ Credit Research

Skyworks Solutions Inc.

Skyworks Solutions Inc. - S&P Global Ratings’ Credit Research
Skyworks Solutions Inc.
Published Mar 28, 2023
10 pages (4053 words) — Published Mar 28, 2023
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

Overview Key strengths Key risks Strong position in the consolidated radio frequency (RF) chip market. Significant customer and end-market concentrations with Apple Inc. (58% of revenue) and in mobile (64%). Transition to 5G will support improving revenue and diversity for the next several years. Short product lifecycles in mobile can lead to quick shifts in market share. Good operating performance track record with high EBITDA margins. Conservative balance sheet management following large acquisitions and commitment to maintaining an investment-grade rating. Last quarter, the company's revenue fell 12% year over year. In addition, management issued guidance for a 14% decline next quarter. The weakness in the company's performance has been particularly acute in the mobile segment. According to International Data Corp.

  
Brief Excerpt:

...Skyworks' revenue is coming under pressure, though we do not view it as a risk for the rating. Last quarter, the company's revenue fell 12% year over year. In addition, management issued guidance for a 14% decline next quarter. The weakness in the company's...

  
Report Type:

Full Report

Ticker
SWKS
Issuer
Skyworks Solutions Inc.
Sector
Global Issuers
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Skyworks Solutions Inc." Mar 28, 2023. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Skyworks-Solutions-Inc-2965602>
  
APA:
S&P Global Ratings’ Credit Research. (). Skyworks Solutions Inc. Mar 28, 2023. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Skyworks-Solutions-Inc-2965602>
  
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