Skyworks' Q3 2025: Unpacking Contradictions in Inventory, Customer Engagement, and Revenue Growth

Inventory situation and order patterns, content visibility and customer engagement, content loss and dual-sourcing, Android revenue growth, and content visibility and diversification are the key contradictions discussed in Skyworks' latest 2025Q3 earnings call.



Revenue and Earnings Growth:
- Skyworks Solutions reported revenue of $965 million for Q3, which exceeded the high end of their guidance.
- The company delivered earnings per share of $1.33, $0.09 above their guidance, driven by strong demand in the Mobile segment and sustained strength across Broad Markets.

Mobile Segment Performance:
- The Mobile segment accounted for 62% of total revenue, up 1% sequentially and 8% year-over-year.
- Growth was supported by healthy sell-through at their top customer and new product launches in Android, while the company maintained a disciplined approach to inventory management.

Broad Markets Momentum:
- Broad Markets, which include edge IoT, automotive, and others, grew 2% sequentially and 5% year-over-year.
- The growth was driven by new customer engagements, stronger order flow, and lean channel inventory levels, contributing to a sixth consecutive quarter of growth.

Manufacturing Optimization:
- Skyworks announced the planned closure of the Woburn manufacturing facility and consolidation into the Newbury Park site.
- This move aims to drive higher fab utilization, lower fixed costs, and improve overall efficiency, positioning the company for future gross margin expansion.