Skyworks Solutions 4Q21 Earnings Analysis

Catalysts

• Essential to 5G and IoT

• $25 in revenues per 5G chip vs $18 per 4G chip

• Diversifying away from mobile technology into EV and others

• Acquisition of Infrastructure & Automotive Business of Silicon Labs for $2.75 million in cash

• Being a hybrid foundry-fabless company protects from customers deciding to make semiconductors in house

Risks

• High exposure to only a few customers, including the largest customer, Apple

• Increased synergy costs from acquisition

Financial Analysis

Full Research and Analysis: https://ishfaaqpeerally.teachable.com/courses/662813/lectures/35761324