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IRVINE, Calif. - Skyworks Solutions, Inc. (NASDAQ:SWKS), a provider of high-performance analog and mixed-signal semiconductors with a market capitalization of $10.2 billion, announced executive leadership changes with the appointment of Mark Dentinger as senior vice president and chief financial officer, effective June 2, 2025. According to InvestingPro data, the company maintains strong financial health with a "GOOD" overall rating, supported by robust cash flow metrics and solid balance sheet management. Dentinger will take over from Kris Sennesael, who will depart on May 9, 2025, to pursue another opportunity. Additionally, Todd Lepinski has been appointed senior vice president of sales and marketing, also effective June 2, 2025, succeeding Carlos Bori, who will transition to an advisory role.
Phil Brace, CEO and president of Skyworks, expressed confidence in the new appointees’ abilities to contribute to the company’s operational excellence and growth in various markets. He also acknowledged the significant contributions of Sennesael and Bori to the company’s long-term strategy.
Dentinger brings substantial financial leadership experience to Skyworks, having served as CFO for several technology companies, including Veritas and InvenSense. He joins a company that holds more cash than debt on its balance sheet and maintains a healthy current ratio of 5.94x. He holds an MBA in finance from the University of California at Berkeley and a bachelor’s degree in economics from St. Mary’s College - California.
Lepinski, the incoming SVP of sales and marketing, has a background in driving revenue growth in the semiconductor industry. His previous role was as the SVP of Worldwide Sales and Marketing at Synaptics, and he has held leadership positions at ARM and Broadcom. Lepinski earned a bachelor’s degree in electrical, electronics, and communications engineering from the University of Wisconsin – Madison.
The announcement coincides with Skyworks’ second-quarter fiscal 2025 earnings report and business outlook, which will be discussed in a conference call and webcast. The company has demonstrated consistent profitability with earnings per share of $3.25 over the last twelve months, though InvestingPro analysis indicates analysts anticipate a sales decline in the current year. For detailed insights and additional ProTips about Skyworks’ financial outlook, investors can access the comprehensive Pro Research Report available on InvestingPro. The call will be accessible via the investor relations section of Skyworks’ website, with a playback available following the event.
Skyworks, a member of the S&P 500® index, is engaged in developing and manufacturing semiconductors for a variety of applications across different industries. The company emphasized that the forward-looking statements in the press release are based on current expectations and are subject to risks and uncertainties that could impact actual results.
This news article is based on a press release statement from Skyworks Solutions, Inc.
In other recent news, Qualcomm reported strong growth in the premium Android segment in China for the December 2024 quarter and anticipates a 10% year-over-year increase in handset revenue for the March 2025 quarter. Meanwhile, Skyworks Solutions announced the promotion of Reza Kasnavi to Executive Vice President, Chief Operations and Technology Officer, with an increase in his annual base salary and potential cash incentives based on the company’s performance. Fitch Ratings has maintained Skyworks Solutions’ ’BBB+’ rating but revised its outlook to negative, citing concerns about increasing competition in the RF market and a potential decrease in chip content for Apple’s next-generation smartphones. Skyworks Solutions is addressing these challenges by diversifying its revenue streams, focusing on connectivity solutions in sectors like IoT, industrial, and automotive applications, which made up 31% of its revenue in FY24. Despite the anticipated revenue decline, Skyworks remains committed to maintaining an EBITDA leverage target below 1.0x and plans to use its free cash flow for share repurchases and smaller acquisitions. Additionally, Skyworks’ internal manufacturing capabilities and diversified supply chain are seen as competitive advantages. The company’s liquidity is supported by $1.8 billion in cash and cash equivalents, along with an undrawn $750 million revolving credit facility. Fitch’s forecast estimates $400 million to $600 million in annual free cash flow, further supporting Skyworks’ liquidity position.
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