NASDAQ · Technology

Skyworks Solutions, Inc.

SWKS · Semiconductors

$82.19

▲ 0.98 (1.21%)

Cached · 10 min

Overall Grade

Defensive

Enterprising

Profitability

N/A⤢

Fin. Health

B⤢

Years to Pay Off Debt 20.1 yrs

Working Capital vs Long-Term Debt $1.3B

Working Capital $1.8B

Valuation

F⤢

Margin of Safety 0.0%

Price-to-Book 3.37x

Cash Flow

F⤢

Free Cash Flow -$17M

CapEx % of Net Income 257.5%

Owner Earnings $238M

Financial Health

Years to Pay Off Debt 20.1 yrs

Total Debt ÷ Net Income. Lower = stronger balance sheet. Important caveat: utilities, telecoms, REITs, and infrastructure companies carry large structural debt by design — their bond-like cash flows service it comfortably at ratios that would alarm Graham. Compare within sector.

Working Capital vs Long-Term Debt $1.3B

Working Capital minus Long-Term Debt. Negative results are common and expected in capital-return-focused businesses like Apple, Domino's, and McDonald's — where aggressive buybacks and dividends intentionally reduce book equity. This does not indicate financial distress in high-FCF businesses.

Working Capital $1.8B

Current Assets minus Current Liabilities. Negative working capital can be a deliberate efficiency strategy in businesses that collect cash before paying suppliers (retailers, fast food franchises, subscription businesses). Assess alongside free cash flow generation for full context.

Cash Flow

Free Cash Flow -$17M

Operating cash flow minus capital expenditures. Buffett's most important metric — cash a business actually generates for its owners after maintaining and growing its asset base. Consistently positive FCF is one of the strongest indicators of a durable, well-run business regardless of accounting profits.

CapEx % of Net Income 257.5%

Capital expenditure as a share of net income. Low CapEx signals a capital-light business that doesn't need heavy reinvestment to sustain earnings — Buffett's ideal. High CapEx is structurally necessary in manufacturing, airlines, telecoms, and semiconductors. For these industries, a high reading reflects the business model, not poor management.

Owner Earnings $238M

Net Income + Depreciation & Amortisation − Capital Expenditures. Buffett's preferred measure of a company's true annual earning power — what could theoretically be distributed to owners without impairing the business. More reliable than reported EPS because it accounts for the capital cost of maintaining the business.

Defensive — Graham's strict criteria (P/B, P/E, dividends, stability) · Enterprising — Profitability & cash flow focused, accepts higher valuations for quality

About Skyworks Solutions, Inc.

Skyworks Solutions, Inc., together with its subsidiaries, develops, manufactures, and markets analog and mixed-signal semiconductor products and solutions in the United States, Taiwan, China, South Korea, Europe, the Middle East, Africa, and the Asia Pacific. The company offers amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, wireless ASoC, DC/DC converters, demodulators, detectors, digital power isolators, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, and optocouplers/optoisolators. It also provides phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, ProSLIC family of subscriber line interface circuits, receivers, system in package, switches, synthesizers, timing devices, voltage-controlled oscillators/synthesizers, and voltage regulators. The company sells its products through direct sales force, electronic component distributors, and independent sales representatives. Its products are used in aerospace, automotive, broadband, cellular infrastructure, connected home, defense, entertainment and gaming, industrial, medical, smartphone, tablet, and wearables applications. The company was founded in 1962 and is headquartered in Irvine, California.

Market Data

Market Cap $19.3B

Enterprise Value $12.2B

P/E (TTM) 72.10

Dividend Yield 2.62%

Exchange NASDAQ

Key Margins

Gross Profit N/A

Operating Margin N/A

Net Margin N/A

Company Info

Sector Technology

Industry Semiconductors

Country United States

Visit website

📖

Full Graham Analysis

Mr. Market is currently offering Skyworks Solutions, Inc. at $82.19.

The business passes only 2 of 5 of Graham's defensive criteria — well below his required standard.

At $82.19, the stock trades at a 806% premium to its Graham Number of $9.07. Graham would consider this price speculative.

There is no margin of safety at the current price. Graham would advise patience and waiting for a better entry point.

Trading at 18.9x NCAV. Expected for most quality businesses — NCAV was designed to find depression-era bargains and rarely applies to modern profitable companies..

Conclusion: By Graham's standards, this stock is speculative at its current price. The intelligent investor would look elsewhere or wait.

Showing Key Metrics

Income Highlights

Metric	Q3 2026	Q4 2025
Gross Profit %	N/A•	41.3%
Operating Margin %	N/A•	11.1%
Net Income %	N/A•	7.6%
Diluted EPS	0.15▼	0.53

Balance Sheet Highlights

Metric	Q2 2026	Q4 2025
Total Assets	$7.4B	$7.9B
Total Debt	$681M▼	$1.2B
Working Capital	$1.8B▲	$1.8B
Years to Pay Debt	20.09	15.06

Cash Flow Highlights

Metric	Q2 2026	Q4 2025
Free Cash Flow	-$17M▼	$325M
Owner Earnings	$238M	$267M
CapEx % of Net Income	257.5%	89.3%

Income Statement

	2026	2025
Tax Effect Of Unusual Items		-3,169
Tax Rate For Calcs		0
Normalized EBITDA		244,800
Total Unusual Items		-11,400
Total Unusual Items Excluding Goodwill		-11,400
Net Income From Continuing Operation Net Minority Interest		79,200
Reconciled Depreciation		117,400
Reconciled Cost Of Revenue		491,000
EBITDA		233,400
EBIT		116,000
Net Interest Income		-6,300
Interest Expense		6,300
Normalized Income		87,431
Net Income From Continuing And Discontinued Operation		79,200
Total Expenses		920,200
Total Operating Income As Reported		103,800
Diluted Average Shares	151,500	150,500
Basic Average Shares	149,700	149,500
Diluted EPS	0	0
Basic EPS	0	0
Diluted NI Availto Com Stockholders		79,200
Net Income Common Stockholders		79,200
Net Income		79,200
Net Income Including Noncontrolling Interests		79,200
Net Income Continuous Operations		79,200
Tax Provision		30,500
Pretax Income		109,700
Other Income Expense		800
Other Non Operating Income Expenses		12,200
Special Income Charges		-11,400
Net Non Operating Interest Income Expense		-6,300
Interest Expense Non Operating		6,300
Operating Income		115,200
Operating Expense		312,000
Depreciation Amortization Depletion Income Statement		200
Depreciation And Amortization In Income Statement		200
Amortization		200
Amortization Of Intangibles Income Statement		200
Research And Development		203,400
Selling General And Administration		108,400
Gross Profit		427,200
Cost Of Revenue		608,200
Total Revenue		1,035,400
Operating Revenue		1,035,400

Balance Sheet

	2026	2025
Ordinary Shares Number	150,500	149,930
Share Issued	150,500	149,930
Total Debt	681,100	1,192,900
Tangible Book Value	2,882,800	2,817,700
Invested Capital	6,235,200	6,755,100
Working Capital	1,836,600	1,808,000
Net Tangible Assets	2,882,800	2,817,700
Capital Lease Obligations	184,200	196,700
Common Stock Equity	5,738,300	5,758,900
Total Capitalization	6,235,200	6,255,500
Total Equity Gross Minority Interest	5,738,300	5,758,900
Stockholders Equity	5,738,300	5,758,900
Gains Losses Not Affecting Retained Earnings	-5,400	-5,400
Other Equity Adjustments	-5,400	-5,400
Retained Earnings	5,485,500	5,629,700
Additional Paid In Capital	220,600	97,100
Capital Stock	37,600	37,500
Common Stock	37,600	37,500
Total Liabilities Net Minority Interest	1,686,700	2,109,000
Total Non Current Liabilities Net Minority Interest	812,400	814,000
Other Non Current Liabilities	59,100	68,800
Tradeand Other Payables Non Current	108,500	90,300
Long Term Debt And Capital Lease Obligation	644,800	654,900
Long Term Capital Lease Obligation	147,900	158,300
Long Term Debt	496,900	496,600
Current Liabilities	874,300	1,295,000
Other Current Liabilities	88,700	92,800
Current Debt And Capital Lease Obligation	36,300	538,000
Current Capital Lease Obligation	36,300	38,400
Current Debt		499,600
Other Current Borrowings		499,600
Pensionand Other Post Retirement Benefit Plans Current	173,400	128,500
Payables And Accrued Expenses	575,900	535,700
Current Accrued Expenses	238,600	231,500
Payables	337,300	304,200
Total Tax Payable	68,700	94,900
Accounts Payable	268,600	209,300
Total Assets	7,425,000	7,867,900
Total Non Current Assets	4,714,100	4,764,900
Other Non Current Assets	95,500	74,500
Non Current Deferred Assets	368,100	375,600
Non Current Deferred Taxes Assets	368,100	375,600
Investments And Advances	14,600	9,900
Investmentin Financial Assets	14,600	9,900
Available For Sale Securities	14,600	9,900
Goodwill And Other Intangible Assets	2,855,500	2,941,200
Other Intangible Assets	678,800	764,500
Goodwill	2,176,700	2,176,700
Net PPE	1,380,400	1,363,700
Accumulated Depreciation	-3,229,100	-3,175,600
Gross PPE	4,609,500	4,539,300
Construction In Progress	134,300	100,100
Other Properties	174,700	184,700
Machinery Furniture Equipment	3,615,300	3,590,800
Buildings And Improvements	673,300	651,800
Land And Improvements	11,900	11,900
Current Assets	2,710,900	3,103,000
Other Current Assets	305,300	167,900
Prepaid Assets	242,700	210,500
Inventory	1,015,500	767,500
Finished Goods	332,100	205,300
Work In Process	626,400	512,400
Raw Materials	57,000	49,800
Receivables	348,200	398,400
Accounts Receivable	348,200	398,400
Allowance For Doubtful Accounts Receivable	-900	-900
Gross Accounts Receivable	349,100	399,300
Cash Cash Equivalents And Short Term Investments	799,200	1,558,700
Other Short Term Investments	9,200	8,300
Cash And Cash Equivalents	790,000	1,550,400

Cash Flow

	2026	2025
Free Cash Flow	-16,900	324,800
Repurchase Of Capital Stock	-1,600	-39,000
Capital Expenditure	-87,300	-70,700
Interest Paid Supplemental Data	12,400	12,000
Income Tax Paid Supplemental Data	31,900	10,100
End Cash Position	790,000	1,550,400
Beginning Cash Position	1,413,300	1,161,300
Changes In Cash	-623,300	389,100
Financing Cash Flow	-608,500	-145,400
Cash Flow From Continuing Financing Activities	-608,500	-145,400
Proceeds From Stock Option Exercised	0
Cash Dividends Paid	-106,900	-106,400
Common Stock Dividend Paid	-106,900	-106,400
Net Common Stock Issuance	-1,600	-39,000
Common Stock Payments	-1,600	-39,000
Investing Cash Flow	-85,200	139,000
Cash Flow From Continuing Investing Activities	-85,200	139,000
Net Other Investing Changes	2,700	100
Net Investment Purchase And Sale	-600	209,600
Sale Of Investment	300	220,400
Purchase Of Investment	-900	-10,800
Net Intangibles Purchase And Sale	-200	-14,200
Purchase Of Intangibles	-200	-14,200
Capital Expenditure Reported	-87,100	-56,500
Operating Cash Flow	70,400	395,500
Cash Flow From Continuing Operating Activities	70,400	395,000
Change In Working Capital	-149,300	141,200
Change In Other Working Capital	-900	-8,900
Change In Payables And Accrued Expense	-2,900	-27,700
Change In Payable	-2,900	-27,700
Change In Account Payable	-2,900	-27,700
Change In Inventory	-133,400	-21,900
Change In Receivables	-12,100	199,700
Other Non Cash Items	-1,800	-100
Stock Based Compensation	53,200	57,700
Deferred Tax	17,700	100
Deferred Income Tax	17,700	100
Depreciation Amortization Depletion	116,700	117,400
Depreciation And Amortization	116,700	117,400
Amortization Cash Flow	42,900	44,500
Amortization Of Intangibles	42,900	44,500
Depreciation	73,800	72,900
Net Income From Continuing Operations	33,900	79,200

📊 Quarterly mode — Graham Fair Value & 7 Criteria require annual data. Switch to Annual for full analysis.

Quarterly Health Checks

3 Graham/Buffett criteria that are valid and reliable on quarterly data

✅ Financial Condition

Current assets vs current liabilities — a real-time liquidity snapshot. Valid and reliable on quarterly data.

3.10x current ratio

vs ≥ 2.0x

❌ Free Cash Flow

Buffett's most important single metric. A positive FCF quarter means the business generated real cash for owners after maintaining its asset base.

-$17M

vs Positive

Operating Cash Flow

$70M

Latest quarter · Buffett's cash reality check

ROIC

nan%

Based on latest annual operating income

Return on Invested Capital — Buffett's preferred measure for asset-light businesses. ROIC > 15% consistently signals a durable competitive advantage (moat). More meaningful than P/B for software, pharma, and consumer brand companies where most value is intangible and off-balance-sheet.

Market Cap / Net Assets

3.4x

Net Assets: $5.7B

Asset Context — Semiconductors

This company's primary assets are likely intangible (brand, IP, talent, network effects) and don't appear on the balance sheet. Net Assets may significantly understate intrinsic value. ROIC and free cash flow are more reliable indicators of business quality.

Peers & Industry Comparison

Semiconductors — Auto-detected peers

Company	Price	Market Cap	P/E	Gross Margin	Net Margin	Revenue
SWKS	$82.19	$19.3B	72.10	N/A	N/A	N/A
NVDA NVIDIA Corporation	$186.64	$4,506.8B	23.6	74.7%	63.7%	$303.0B
AMD Advanced Micro Devices, Inc.	$449.04	$736.5B	95.9	56.0%	16.8%	$45.4B
INTC Intel Corporation	$56.28	$299.1B	N/A	40.2%	-20.1%	$59.9B
QCOM QUALCOMM Incorporated	$165.41	$177.0B	13.0	53.1%	31.6%	$43.1B
AVGO Broadcom Inc.	$293.69	$1,402.0B	37.5	75.5%	42.9%	$89.1B

"The management of a business is its most important single factor — more important than market position, patents, or financial structure."

— Benjamin Graham

Capital Allocation & Alignment

Insider Ownership

0.39%

Low — management has little skin in the game

Share Buybacks (Latest Year)

$875M

Management is returning capital to shareholders via buybacks

Debt Trend YoY

-42.7% YoY

Debt is declining — management is deleveraging

Leadership Team

Philip Gordon Brace

CEO, President & Director

Age 54

Pay: $2,267,283

Philip Matthew Carter

Senior VP, CFO and Principal Financial & Accounting Officer

Age 47

Pay: $1,428,727

Karilee Durham

Senior Vice President of Human Resources

Age 57

Pay: $1,125,868

Rajvindra Gill

Vice President of Investor Relations

Frank Stewart

Senior VP & President of Advanced Cellular

Age 51

Top Institutional Holders

Institution	% Owned	Shares
Blackrock Inc.	20.11%	30,256,332
Vanguard Portfolio Management LLC	9.17%	13,797,690
Pzena Investment Management LLC	9.15%	13,773,000
Vanguard Capital Management LLC	8.82%	13,269,800
State Street Corporation	8.32%	12,516,551
Price (T.Rowe) Associates Inc	7.83%	11,787,213
FIL LTD	5.66%	8,518,069
Dimensional Fund Advisors LP	5.49%	8,263,901

Risk Analysis

Beta (Market Risk)

1.49

Moderate volatility — moves slightly more than market

Short Interest

12.4% of float

Moderate short interest

Debt-to-Equity

0.43x

Conservative balance sheet — low financial risk

Current Ratio

3.34x

Strong liquidity — Graham approved

52-Week Price Range

Low: $51.93 Current: $82.19 High: $92.80

Currently at 74% of 52-week range

Skyworks Solutions, Inc.

Metric Explanations

Full Graham Analysis

Income Highlights

Balance Sheet Highlights

Cash Flow Highlights

Quarterly Health Checks

Operating Cash Flow

ROIC

Market Cap / Net Assets

Peers & Industry Comparison

Capital Allocation & Alignment

Leadership Team

Top Institutional Holders

Risk Analysis