Skyworks Solutions, Inc.

Thank you for standing by. My name is Kathleen and I will be your conference operator today. At this time, I would like to welcome everyone to the Skyworks fourth quarter for your 2025 earnings call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. And if you would like to withdraw your question, press the star one again. Thank you. I would now like to turn the call over to Rajeev Gill, Vice President of Investor Relations of Skyworks. Please go ahead.

Thank you, Operator. Good afternoon, everyone, and welcome to Skyworks' fourth fiscal quarter 2025 conference call. With me today for our prepared remarks is Phil Brace, our Chief Executive Officer and President, and Philip Carter, Senior Vice President and Chief Financial Officer for Skyworks. This call is being broadcast over the web and can be accessed from the investor relations section of the company's website at skyworksinc.com. In addition, the company's prepared remarks will be made available on our website promptly after the conclusion during the call. Before we begin, I would like to remind everyone that our discussion will include statements relating to future results and expectations that are or may be considered forward-looking statements. Please refer to our earnings press release and recent SEC filings, including our annual report on Form 10-K, for information on certain risks that could cause actual outcomes to differ materially and adversely from any forward-looking statements made today. Additionally, today's discussion will include non-GAAP financial measures consistent with our past practice. Please refer to our press release within the investor relations section of our company website for a complete reconciliation to GAAP. Lastly, for detailed information regarding the Skyworks and Corvo combination announced on October 28th, I encourage you to review the press release, investor presentation, and related materials available on our investor relations website. Today's call, however, will focus on our fiscal fourth quarter and full year 2025 results, as well as our outlook for the December quarter. With that, I'll turn the call over to Phil Brace.

Thanks, Raji, and welcome, everyone. Before getting into the quarter results, I want to take a moment to reflect on what we've accomplished over the past few quarters. One, we've had three straight quarters of solid execution with both revenue and non-GAAP EPS exceeding expectations. We're seeing strong momentum across mobile and broad markets as our teams continue to execute. Two, we streamlined our sales and marketing teams to be more customer-focused and enhanced collaboration with the engineering teams, appointed a new executive to lead global sales, and welcomed the new chief financial officer, further strengthening our leadership team as we position the company for its next phase of growth. Three, last quarter we announced the consolidation of our Woomer facility to improve our long-term cost structure and support healthier gross margins. And finally, four, last week we announced an agreement to combine with Corvo a transformative deal that upon closing will add meaningful scale, diversification, and a broader, highly complementary technology and product portfolio. Moving to the quarter, Skyworks delivered strong results, fueled by a significant upside in mobile and sustained strength across broad markets. We posted revenue of $1.1 billion, delivered earnings per share of $1.76, and for the full fiscal year, we generated $1.1 billion of free cash, representing 27% free cash flow margin. In mobile, results again were strong, with revenue up 21% sequentially and 7% year over year. Our outperformance reflects healthy sell-through and a richer product mix at our top customer, along with continued growth in Android. Looking ahead, we see multiple drivers of long-term RF content growth. Internal motor adoption, added AI functionality, and higher RF complexity are expanding our opportunity inside the smartphone. We're also delivering more performance in smaller form factors, supporting new features within existing softwares. With our deep RF expertise, strong customer relationships, and manufacturing scale, we're well positioned as the next phase of wireless innovation takes shape. Broadmarks has delivered another solid quarter. Demand was broad-based across Edge IoT, Automotive, and Data Center. In Edge IoT, Wi-Fi 7 adoption continues to accelerate across home, enterprise, and industrial applications. Customers are moving quickly to upgrade platforms that require faster connectivity, lower latency, and better power efficiency, Backlog and order trends remain solid, and we anticipate continued strong adoption entering fiscal 26. We're also making good progress on next generation Wi-Fi 8 programs to extend that leadership. In automotive, design activity remains robust as vehicles become more connected and intelligent. The run rate exiting fiscal 25 represents a new record for our automotive business, surpassing our previous high in fiscal 23. We're entering next year with a robust pipeline of design wins across 5G telematics, infotainment, and power management systems across a broad set of global OEMs. In data center infrastructure, activity continues to rebound as customer inventories have normalized. The recovery that began in mid-fiscal 25 has continued to gain traction, and we see a favorable setup for further growth into fiscal 26. This quarter's momentum was supported by broad-based demand, including increasing timing design connectivity for next-generation 800-gig platforms for data center and cloud infrastructure. Taken together, BroadMarkets has evolved into a more balanced and durable growth engine for Skyworks. Now, an approximately $1.5 billion business with positive momentum over the past seven quarters, expanding customer reach and margins above the overall corporate average. Before we move into the financial details, I'd like to take a moment and welcome Philip Carter as our new CFO. Philip brings extensive financial and accounting experience in the semiconductor space, having previously served as Skyworks Principal Accounting Officer before becoming the Chief Accounting Officer at AMD. We're happy to have him back and look forward to working together as we continue building Skyworks for the long term. With that, I'll turn the call over to Philip for a discussion of last quarter's performance and outlook for Q1 of fiscal 2016.