Skyworks Solutions, Inc. stock research
FY2025 Q2
Skyworks Solutions (SWKS) Gross Margin — Quarter Ended Mar 28, 2025
Revenue and gross profit both decreased compared to the prior quarter and the same quarter last year, while cost of revenue also declined. Gross margin weakened slightly from the prior quarter but improved relative to the year-ago period.
Gross margin takeaway
Quarter ended Mar 28, 2025 · FY2025 Q2
Revenue and gross profit both decreased compared to the prior quarter and the same quarter last year, while cost of revenue also declined. Gross margin weakened slightly from the prior quarter but improved relative to the year-ago period.
- The gross margin improvement versus the year-ago quarter was driven by a proportionally larger decline in cost of revenue relative to revenue. The sequential weakening reflects a slightly faster drop in revenue compared to cost of revenue.
- Compared to the prior quarter, revenue and gross profit were lower, and gross margin edged down. Versus the same quarter last year, revenue and gross profit were lower, but gross margin was higher.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
41.1%
Gross profit
$391.6M
Revenue
$953.2M
Cost of revenue
$561.6M
Quarter-over-quarter change
-0.3 pts
Year-over-year change
+0.9 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jun 28, 2024 | $905.5M | $364.1M | $541.4M | 40.2% |
| Sep 27, 2024 | $1.0B | $429.8M | $595.2M | 41.9% |
| Dec 27, 2024 | $1.1B | $441.9M | $626.6M | 41.4% |
| Mar 28, 2025 | $953.2M | $391.6M | $561.6M | 41.1% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 27, 2024
-0.3 pts
Year-over-year change
Mar 29, 2024
+0.9 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin improvement versus the year-ago quarter was driven by a proportionally larger decline in cost of revenue relative to revenue. The sequential weakening reflects a slightly faster drop in revenue compared to cost of revenue.
Compared to the prior quarter, revenue and gross profit were lower, and gross margin edged down. Versus the same quarter last year, revenue and gross profit were lower, but gross margin was higher.
Monitor the trajectory of cost of revenue relative to revenue, as its proportional change has been the primary observable factor in gross margin movement.