UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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| Date of Report (Date of Earliest Event Reported): | | February 4, 2025 |
Skyworks Solutions, Inc.
(Exact name of registrant as specified in its charter)
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| Delaware | 001-05560 | 04-2302115 |
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
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| 5260 California Avenue | | 92617 |
| Irvine, California | |
| (Address of principal executive offices) | | (Zip Code) |
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| (949) | 231-3000 | |
| (Registrant’s telephone number, including area code) | |
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| Not Applicable | |
| (Former name or former address, if changed since last report) | |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
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| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
Common Stock, par value $0.25 per share
| SWKS | Nasdaq Global Select Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition.
The information contained in this Item 2.02 and in the exhibit attached hereto as Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
On February 4, 2025, Skyworks Solutions, Inc. (the “Registrant”), issued a press release in which it announced financial results for the three-month period ended December 27, 2024. A copy of the press release is attached hereto as Exhibit 99.1.
Item 8.01 Other Events.
Dividend
On February 5, 2025, the Registrant announced that its board of directors had declared a cash dividend on the Registrant’s common stock of $0.70 per share, payable on March 17, 2025, to its stockholders of record as of the close of business on February 24, 2025.
Stock Repurchase Program
On February 4, 2025, the board of directors of the Registrant authorized the repurchase of up to $2.0 billion of the Registrant’s common stock from time to time through February 3, 2027, on the open market or in privately negotiated transactions, in compliance with applicable securities laws and other legal requirements. This newly authorized stock repurchase program succeeds in its entirety the $2.0 billion stock repurchase program that was approved by the board of directors on January 31, 2023.
The timing and amount of any repurchases of the Registrant’s common stock under the new stock repurchase program will be determined by the Registrant’s management based on its evaluation of market conditions and other factors. The stock repurchase program may be suspended or discontinued at any time. The Registrant currently expects to fund the stock repurchase program using its working capital.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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| Exhibit | | |
| Number | | Description |
| 99.1 | | |
| 104 | | Cover Page Interactive Data File (formatted as Inline XBRL with applicable taxonomy extension information contained in Exhibit 101) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| | Skyworks Solutions, Inc. |
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| February 5, 2025 | By: | /s/ Kris Sennesael |
| Name: | Kris Sennesael |
| Title: | Senior Vice President and Chief Financial Officer |
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