Skyworks Solutions (SWKS) Revenue — Quarter Ended Sep 27, 2024
Revenue for the quarter increased sequentially but declined compared to the same quarter last year. The company's top line showed a mixed performance with a sequential recovery yet a persistent year-over-year contraction.
Key takeaway
Quarter ended Sep 27, 2024 · FY2024 Q4
Revenue for the quarter increased sequentially but declined compared to the same quarter last year. The company's top line showed a mixed performance with a sequential recovery yet a persistent year-over-year contraction.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1B
Revenue reported for this quarter.
Quarter-over-quarter
+13.2%
Change from the immediately preceding quarter.
Year-over-year
-15.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.2B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 29, 2023 | $1.2B | -9.6% |
| Mar 29, 2024 | $1B | -9.3% |
| Jun 28, 2024 | $905.5M | -15.5% |
| Sep 27, 2024 | $1B | -15.9% |
Revenue performance
The sequential revenue growth reversed the downward trend observed in the prior quarters, while the year-over-year comparison remained negative, indicating ongoing headwinds.
Quarterly comparison
Compared to the immediately preceding quarter, revenue rose significantly. Compared to the same quarter one year earlier, revenue fell significantly.
What to watch
Operating cash flow for the fiscal year decreased due to lower net income, as noted in the liquidity discussion, which may warrant attention.