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Android, applied, assessment, assigned, August, construction, Creating, decided, device, Frank, percentage, Produce, qualifying, refundable, Science, shift, SiC, Stewart, streamline
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Financial report summary
?Competition
Skyworks Solutions • Analog Devices • Texas Instruments • QUALCOMM • Wolfspeed • Silicon Laboratories • AXT • ON Semiconductor • Northrop Grumman • INPHIManagement Discussion
- •Revenue for the second quarter of fiscal 2025 decreased 5.2% as compared to the second quarter of fiscal 2024, driven by a mix shift among smartphone customers to lower RF content 5G smartphones and a higher percentage of entry-level Android smartphones, which contain less RF content. Revenue increased for our Wi-Fi components and automotive connectivity products, reflecting new product releases and improved channel inventory levels compared to the prior year.
- •Gross margin decreased to 42.6% for the second quarter of fiscal 2025 as compared to 44.4% for the second quarter of fiscal 2024, driven by higher average selling price erosion in Android mass market 5G smartphones and restructuring-related charges, while improved factory utilization positively impacted gross margin.
- •Operating income was $9.7 million for the second quarter of fiscal 2025 as compared to $151.4 million for the second quarter of fiscal 2024, driven by a decrease in gross profit of $44.4 million for the reasons described above, a goodwill impairment charge of $96.5 million and other restructuring-related charges.