Skyworks Solutions, Inc. (NASDAQ:SWKS) Q4 2024 Earnings Conference Call November 12, 2024 4:30 PM ET

Company Participants

Raji Gill - Vice President of Investor Relations
Liam Griffin - Chairman, Chief Executive Officer & President
Kris Sennesael - Senior Vice President & Chief Financial Officer

Conference Call Participants

Peter Peng - JPMorgan
Edward Snyder - Charter Equity Research
Timothy Arcuri - UBS
Krish Sankar - TD Cowen
Michael Mani - Bank of America Securities
Ruben Roy - Stifel
Srini Pajjuri - Raymond James
Vijay Rakesh - Mizuho Group
Nicholas Doyle - Needham & Company

Operator

Good afternoon and welcome to Skyworks Solutions Fourth Quarter Fiscal Year 2024 Earnings Call. This call is being recorded.

At this time, I will turn the call over to Raji Gill, Vice President of Investor Relations for Skyworks. Mr. Gill, please go ahead.

Raji Gill

Thank you, operator. Good afternoon, everyone and welcome to Skyworks fourth fiscal quarter 2024 conference call. With me today is Liam Griffin, our Chairman, Chief Executive Officer and President; and Kris Sennesael, Chief Financial Officer for Skyworks. This call is being broadcast live over the web and can be accessed from the Investor Relations section of the company's website at skyworksinc.com.

In addition, the company's prepared remarks will be made available on our website promptly after their conclusion during the call.

Before we begin, I would like to remind everyone that our discussion will include statements relating to future results and expectations that are or may be considered forward-looking statements. Please refer to our earnings press release and recent SEC filings, including our annual report on Form 10-K for information on certain risks that could cause actual outcomes to differ materially and adversely from any forward-looking statements made today. Additionally, the results and guidance we will discuss include non-GAAP financial measures consistent with our past practice. Please refer to our press release within the Investor Relations section of our company website for a complete reconciliation to GAAP.

With that, I'll turn the call over to Liam.

Liam Griffin

Thanks, Raji and welcome, everyone. Skyworks executed well during the fourth fiscal quarter of 2024.

We posted revenue of $1.025 billion. We delivered earnings per share of $1.55 and generated free cash flow of $393 million.

Revenue, gross margin and EPS met or exceeded the mid-point of our guidance. Our business model continues to deliver robust cash generation. For the second year in a row, annual free cash flow was well above $1.6 billion, providing a strong foundation to invest in our technology and product roadmaps to support future growth.