Skyworks appoints Philip Carter as chief financial officer

IRVINE, California - Skyworks Solutions, Inc. (NASDAQ:SWKS), a semiconductor company with a market capitalization of $11.4 billion and strong financial health according to InvestingPro metrics, announced Monday the appointment of Philip Carter as senior vice president and chief financial officer, effective September 8, 2025.

Carter will oversee Skyworks’ financial strategy, investor relations, treasury, and lead the global finance and information technology organizations, according to a company press release. He joins at a time when the company maintains a healthy balance sheet with a current ratio of 2.39 and generates annual revenue of $4 billion.

Carter joins Skyworks from Advanced Micro Devices, Inc. (NASDAQ:AMD), where he has served as corporate vice president and chief accounting officer since November 2024. Prior to AMD, Carter previously worked at Skyworks as vice president, corporate controller and principal accounting officer for over seven years.

During his earlier tenure at Skyworks, Carter led enterprise-wide strategic operational initiatives, including financial transformation and implementation of reporting systems. His career also includes eight years at Broadcom Inc. and experience at Ernst & Young, LLP.

Carter holds a bachelor’s degree in accounting from California State University, Fullerton, and a master’s degree in business administration from the University of Southern California. He is a certified public accountant in California and a Chartered Financial Analyst.

"Philip brings a proven track record of driving strong financial results, instilling operational discipline, and leading with clarity and purpose," said Phil Brace, chief executive officer and president of Skyworks. The company has demonstrated consistent shareholder returns, maintaining 11 consecutive years of dividend growth with a current yield of 3.67%. For deeper insights into Skyworks’ financial performance and outlook, visit InvestingPro, which offers comprehensive analysis and additional metrics.

Carter will replace Rob Schriesheim, a Skyworks board member who has served as interim CFO since May 2025.

Skyworks Solutions develops and manufactures analog and mixed-signal semiconductors for various applications including aerospace, automotive, broadband, and cellular infrastructure. Based on InvestingPro’s Fair Value analysis, the stock currently appears undervalued, presenting a potential opportunity for investors interested in the semiconductor sector.

In other recent news, Skyworks Solutions reported strong financial results for the third quarter of fiscal year 2025, with earnings per share reaching $1.33, surpassing the forecast of $1.24. Revenue also exceeded expectations, coming in at $965 million compared to the anticipated $940.85 million. The company provided guidance for the September quarter with expected revenue of $1.02 billion, which is above the consensus estimates of $883 million. Meanwhile, Mizuho lowered its price target for Skyworks Solutions to $70 from $75, maintaining a Neutral rating due to iPhone content headwinds.

Morgan Stanley also adjusted its price target for Skyworks Solutions, reducing it to $65 from $68, while keeping an Equalweight rating, noting better-than-expected performance in the smartphone supply chain. CFRA initiated coverage on Skyworks Solutions with a Sell rating and a price target of $61, citing concerns over the company’s reliance on Apple and competitive pressures in the RF semiconductor market. These developments reflect a mix of strong financial performance and analyst caution regarding future prospects.

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