Skyworks Exceeds Q2 FY13 Revenue and EPS Guidance

  Skyworks Exceeds Q2 FY13 Revenue and EPS Guidance

  *Delivers $425.2 Million in Revenue, Up 17 Percent Year-over-Year
  *Posts $0.48 in Non-GAAP Diluted EPS ($0.32 GAAP)
  *Generates $130.2 Million in Cash Flow from Operations
  *Guides Revenue to $435 Million with 130 to 180 Basis Point Sequential
    Gross Margin Expansion Driving Non-GAAP Diluted EPS of $0.53

Business Wire

WOBURN, Mass. -- April 25, 2013

Skyworks Solutions, Inc. (NASDAQ: SWKS), an innovator of high performance
analog semiconductors enabling a broad range of end markets, today reported
second fiscal quarter 2013 results for the period ending March 29, 2013.
Revenue for the quarter was $425.2 million, up 17 percent when compared to
$364.7 million in the second fiscal quarter of 2012 and exceeding the
Company’s guidance of $420 million.

On a non-GAAP basis, operating income for the second fiscal quarter of 2013
was $99.7 million, up 19 percent over the comparable period a year ago.
Non-GAAP diluted earnings per share for the second fiscal quarter of 2013 was
$0.48, a penny better than the Company’s guidance. On a GAAP basis, operating
income for the second fiscal quarter of 2013 was $68.7 million and diluted
earnings per share was $0.32.

“As our better than seasonal results and growth outlook demonstrate, Skyworks
is gaining margin-rich content and share across mobile applications while
capitalizing on adjacent home automation, networking, medical, smart grid and
machine-to-machine vertical markets,” said David J. Aldrich, president and
chief executive officer of Skyworks. “Leveraging our product innovation, scale
and strong customer relationships, we are solidifying our position as a highly
diversified analog semiconductor market leader. Further to that end, we are
increasingly migrating our product portfolio to differentiated, system-level
solutions that provide greater value to our customers and command higher
margins.”

Q2 Business Highlights

  *Repurchased 1.4 million shares of common stock
  *Ramped advanced infrastructure solutions for Aclara’s smart gas meters
  *Enabled vehicle infotainment systems for Ford, Lincoln and Kia with
    industry leading silicon-on-insulator (SOI) switching technology
  *Introduced several new backlight LED drivers for next-generation
    smartphones and tablets with display panels ranging in size from 4 to 12
    inches
  *Partnered with Texas Instruments on utility metering, street lighting,
    telematics and tracking system solutions
  *Expanded customer engagements with SkyOne™, a highly customizable, fully
    optimized front-end platform
  *Commenced volume production of antenna tuning solutions to increase data
    throughput in multiband LTE applications
  *Secured an innovative power management design win enabling photovoltaic
    battery charging of smartphones
  *Supported Samsung’s GALAXY S 4 platforms with 802.11ac devices, DC/DC
    converters, antenna switch modules and MMMB power amplifiers
  *Increased market share in emerging 802.11ac applications including access
    points, routers, USB data cards, Blu-Ray® players, smartphones and tablets
  *Launched dielectric filters for homeland security applications

Third Fiscal Quarter 2013 Outlook

“We expect solid top and bottom line growth in the current quarter driven by
specific program ramps and a more diversified, margin-accretive product mix,”
said Donald W. Palette, vice president and chief financial officer of
Skyworks. “Specifically, for the third fiscal quarter of 2013, we anticipate
revenue of approximately $435 million with gross margin expansion to the 43.5
to 44.0 percent range, a 130 to 180 basis point sequential improvement,
operating margin in excess of 25 percent and diluted earnings per share of
$0.53, each on a non-GAAP basis.”

For further information regarding use of non-GAAP measures in this press
release, please refer to the Discussion Regarding the Use of Non-GAAP
Financial Measures set forth below.

Skyworks' Second Fiscal Quarter 2013 Conference Call

Skyworks will host a conference call with analysts to discuss its second
fiscal quarter 2013 results and business outlook today at 5:00 p.m. Eastern
time. To listen to the conference call via the Internet, please visit the
investor relations section of Skyworks' Web site. To listen to the conference
call via telephone, please call 800-230-1074 (domestic) or 612-234-9959
(international), confirmation code: 287428.

Playback of the conference call will begin at 9:00 p.m. Eastern time on April
25, and end at 9:00 p.m. Eastern time on May 2. The replay will be available
on Skyworks' Web site or by calling 800-475-6701 (domestic) or 320-365-3844
(international), access code: 287428.

About Skyworks

Skyworks Solutions, Inc. is an innovator of high performance analog
semiconductors. Leveraging core technologies, Skyworks supports automotive,
broadband, cellular infrastructure, energy management, GPS, industrial,
medical, military, wireless networking, smartphone and tablet applications.
The Company’s portfolio includes amplifiers, attenuators, circulators,
demodulators, detectors, diodes, directional couplers, front-end modules,
hybrids, infrastructure RF subsystems, isolators, lighting and display
solutions, mixers, modulators, optocouplers, optoisolators, phase shifters,
PLLs/synthesizers/VCOs, power dividers/combiners, power management devices,
receivers, switches and technical ceramics.

Headquartered in Woburn, Mass., Skyworks is worldwide with engineering,
manufacturing, sales and service facilities throughout Asia, Europe and North
America. For more information, please visit Skyworks’ Web site at:
www.skyworksinc.com.

Safe Harbor Statement

This news release includes "forward-looking statements" intended to qualify
for the safe harbor from liability established by the Private Securities
Litigation Reform Act of 1995. These forward-looking statements include
without limitation information relating to future results and expectations of
Skyworks (e.g., certain projections and business trends). Forward-looking
statements can often be identified by words such as "anticipates," "expects,"
"forecasts," "intends," "believes," "plans," "may," "will," or "continue," and
similar expressions and variations or negatives of these words. All such
statements are subject to certain risks, uncertainties and other important
factors that could cause actual results to differ materially and adversely
from those projected, and may affect our future operating results, financial
position and cash flows.

These risks, uncertainties and other important factors include, but are not
limited to: uncertainty regarding global economic and financial market
conditions; the susceptibility of the semiconductor industry and the markets
addressed by our, and our customers', products to economic downturns; the
timing, rescheduling or cancellation of significant customer orders and our
ability, as well as the ability of our customers, to manage inventory; losses
or curtailments of purchases or payments from key customers, or the timing of
customer inventory adjustments; the availability and pricing of third party
semiconductor foundry, assembly and test capacity, raw materials and supplier
components; changes in laws, regulations and/or policies that could adversely
affect either (i) the economy and our customers’ demand for our products or
(ii) the financial markets and our ability to raise capital; our ability to
develop, manufacture and market innovative products in a highly price
competitive and rapidly changing technological environment; economic, social,
military and geo-political conditions in the countries in which we, our
customers or our suppliers operate, including security and health risks,
possible disruptions in transportation networks and fluctuations in foreign
currency exchange rates; fluctuations in our manufacturing yields due to our
complex and specialized manufacturing processes; delays or disruptions in
production due to equipment maintenance, repairs and/or upgrades; our reliance
on several key customers for a large percentage of our sales; fluctuations in
the manufacturing yields of our third party semiconductor foundries and other
problems or delays in the fabrication, assembly, testing or delivery of our
products; our ability to timely and accurately predict market requirements and
evolving industry standards, and to identify opportunities in new markets;
uncertainties of litigation, including potential disputes over intellectual
property infringement and rights, as well as payments related to the licensing
and/or sale of such rights; our ability to rapidly develop new products and
avoid product obsolescence; our ability to retain, recruit and hire key
executives, technical personnel and other employees in the positions and
numbers, with the experience and capabilities, and at the compensation levels
needed to implement our business and product plans; lengthy product
development cycles that impact the timing of new product introductions;
unfavorable changes in product mix; the quality of our products and any
remediation costs; shorter than expected product life cycles; problems or
delays that we may face in shifting our products to smaller geometry process
technologies and in achieving higher levels of design integration; and our
ability to continue to grow and maintain an intellectual property portfolio
and obtain needed licenses from third parties, as well as other risks and
uncertainties, including, but not limited to, those detailed from time to time
in our filings with the Securities and Exchange Commission.

The forward-looking statements contained in this news release are made only as
of the date hereof, and we undertake no obligation to update or revise the
forward-looking statements, whether as a result of new information, future
events or otherwise.

Note to Editors: Skyworks and Skyworks Solutions are trademarks or registered
trademarks of Skyworks Solutions, Inc. or its subsidiaries in the United
States and in other countries. All other brands and names listed are
trademarks of their respective companies.


SKYWORKS SOLUTIONS, INC.
UNAUDITED CONSOLIDATED STATEMENT OF OPERATIONS
                                                            
                                                              
                           Three Months Ended          Six Months Ended
                                                                     
                           March 29,     March 30,     March 29,     March 30,
(in millions, except       2013          2012          2013          2012
per share amounts)
                                                                     
Net revenue              $ 425.2       $ 364.7       $ 878.9       $ 758.4
Cost of goods sold         248.5        212.4        509.6        434.3  
Gross profit               176.7         152.3         369.3         324.1
                                                                     
Operating expenses:
   Research and            56.3          53.0          114.4         99.9
   development
   Selling, general        39.7          40.2          77.8          83.2
   and administrative
   Amortization of         7.2           9.3           15.4          15.6
   intangibles
   Restructuring and       4.8          6.0          6.4          6.6    
   other charges
          Total
          operating        108.0         108.5         214.0         205.3
          expenses
                                                                     
Operating income           68.7          43.8          155.3         118.8
                                                                     
   Interest expense        -             (0.1   )      -             (0.6   )
   Other expense, net      (1.4   )      (0.3   )      (1.1   )      (0.1   )
Income before income       67.3          43.4          154.2         118.1
taxes
Provision for income       5.6          9.4          26.0         26.9   
taxes
Net income               $ 61.7       $ 34.0       $ 128.2      $ 91.2   
                                                                     
   Earnings per share:
          Basic          $ 0.33        $ 0.18        $ 0.68        $ 0.49
          Diluted        $ 0.32        $ 0.18        $ 0.66        $ 0.48
   Weighted average
   shares:
          Basic            188.7         185.2         189.1         184.6
          Diluted          193.1         191.0         193.6         190.3
                                                                     

                                                                
SKYWORKS SOLUTIONS, INC.
UNAUDITED RECONCILIATION OF NON-GAAP FINANCIAL MEASURES

                                                              
                             Three Months Ended          Six Months Ended
                                                                       
                             March 29,     March 30,     March 29,     March
                                                                       30,
(in millions)                2013         2012         2013         2012  
                                                                       
GAAP gross profit          $ 176.7       $ 152.3       $ 369.3       $ 324.1
    Share-based
    compensation expense     2.7           2.4           5.1           4.9
    [a]
    Acquisition-related      -            2.8          0.1          2.9   
    expense [b]
Non-GAAP gross profit      $ 179.4      $ 157.5      $ 374.5      $ 331.9 
                                                                       
Non-GAAP gross margin %      42.2   %      43.2   %      42.6   %      43.8  %
                                                                       
                                                                
                             Three Months Ended          Six Months Ended
                                                                       
                             March 29,     March 30,     March 29,     March
                                                                       30,
(in millions)                2013         2012         2013         2012  
                                                                       
GAAP operating income      $ 68.7        $ 43.8        $ 155.3       $ 118.8
    Share-based
    compensation expense     18.3          19.3          36.0          35.1
    [a]
    Acquisition-related      0.2           4.8           0.8           12.1
    expense [b]
    Amortization of          7.2           9.3           15.4          15.6
    intangibles
    Restructuring and        4.8           6.0           6.4           6.6
    other charges [c]
    Litigation
    settlement gains and     0.3           0.5           0.3           0.5
    losses [d]
    Deferred executive       0.2           0.2           0.3           0.3
    compensation
                                                                    
Non-GAAP operating         $ 99.7       $ 83.9       $ 214.5      $ 189.0 
income
                                                                       
Non-GAAP operating           23.4   %      23.0   %      24.4   %      24.9  %
margin %
                                                                       
                                                                
                             Three Months Ended          Six Months Ended
                                                                       
                             March 29,     March 30,     March 29,     March
                                                                       30,
(in millions)                2013         2012         2013         2012  
                                                                       
GAAP net income            $ 61.7        $ 34.0        $ 128.2       $ 91.2
    Share-based
    compensation expense     18.3          19.3          36.0          35.1
    [a]
    Acquisition-related      0.2           4.8           0.8           12.1
    expense [b]
    Amortization of          7.2           9.3           15.4          15.6
    intangibles
    Restructuring and        4.8           6.0           6.4           6.6
    other charges [c]
    Litigation
    settlement gains and     0.3           0.5           0.3           0.5
    losses [d]
    Deferred executive       0.2           0.2           0.3           0.3
    compensation
    Amortization of
    discount on              -             0.1           -             0.3
    convertible debt [e]
    Tax adjustments [f]      (0.8   )      5.6          11.1         14.3  
Non-GAAP net income        $ 91.9       $ 79.8       $ 198.5      $ 176.0 
                                                                       
                                                                
                             Three Months Ended          Six Months Ended
                                                                       
                             March 29,     March 30,     March 29,     March
                                                                       30,
                             2013         2012         2013         2012  
                                                                       
GAAP net income per        $ 0.32        $ 0.18        $ 0.66        $ 0.48
share, diluted
    Share-based
    compensation expense     0.10          0.10          0.19          0.18
    [a]
    Acquisition-related      -             0.03          -             0.06
    expense [b]
    Amortization of          0.04          0.05          0.08          0.08
    intangibles
    Restructuring and        0.02          0.03          0.03          0.04
    other charges [c]
    Tax adjustments [f]      -            0.03         0.06         0.08  
Non-GAAP net income per    $ 0.48       $ 0.42       $ 1.02       $ 0.92  
share, diluted
                                                                       

                           SKYWORKS SOLUTIONS, INC.
         DISCUSSION REGARDING THE USE OF NON-GAAP FINANCIAL MEASURES

Our earnings release contains some or all of the following financial measures
which have not been calculated in accordance with United States Generally
Accepted Accounting Principles ("GAAP"): (i) non-GAAP gross profit and gross
margin, (ii) non-GAAP operating income and operating margin, (iii) non-GAAP
net income, and (iv) non-GAAP net income per share (diluted). As set forth in
the "Unaudited Reconciliation of Non-GAAP Financial Measures" table found
above, we derive such non-GAAP financial measures by excluding
certainexpenses and other items from the respective GAAP financial measure
that is most directly comparable to each non-GAAP financial measure.
Management uses these non-GAAP financial measures to evaluate our operating
performance and compare it against past periods, make operating decisions,
forecast for future periods, compare operating performance against peer
companies and determine payments under certain compensation programs. These
non-GAAP financial measures provide management with additional means to
understand and evaluate the operating results and trends in our
ongoingbusiness by eliminating certain non-recurring expenses (which may not
occur in each period presented) and other items that management believes might
otherwise make comparisons of our ongoing business with prior periods and
competitors more difficult, obscure trends in ongoing operations or reduce
management's ability to make useful forecasts.

We provide investors with non-GAAP gross profit and gross margin, non-GAAP
operating income and operating margin and non-GAAP net income because we
believe it is important for investors to be able to closely monitor and
understand changes in our ability to generate income from ongoing business
operations. We believe these non-GAAP financial measures give investors an
additional method to evaluate historical operating performance and identify
trends, additional means of evaluating period-over-period operating
performance and a method to facilitate certain comparisons of operating
results to peer companies. We also believe that providing non-GAAP operating
income and operating margin allows investors to assess the extent to which
ongoing operations impact our overall financial performance. We further
believe that providing non-GAAP net income and non-GAAP net income per share
(diluted) allows investors to assess the overall financial performance of
ongoing operations by eliminating the impact of certain financing decisions,
amortization of discount on convertible debt and certain tax items which may
not occur in each period presented and which may represent non-cash items
unrelated to our ongoing operations. We believe that disclosing these non-GAAP
financial measures contributes to enhanced financial reportingtransparency
and provides investors with added clarity about complex financial performance
measures.

We calculate non-GAAP gross profit by excluding from GAAP gross profit,
share-based compensation expense, restructuring-related charges and
acquisition-related expenses. We calculate non-GAAP operating income by
excluding from GAAP operating income, share-based compensation expense,
restructuring-related charges, acquisition-related expenses, litigation
settlement gains and losses and certain deferred executive compensation. We
calculate non-GAAP net income and net income per share (diluted) by excluding
from GAAP net income and net income per share (diluted), share-based
compensation expense, restructuring-related charges, acquisition-related
expenses, litigation settlement gains and losses, amortization of discount on
convertible debt, and certain deferred executive compensation, as well as
certain tax items, which may not occur in all periods for which financial
information is presented. We exclude the items identified above from the
respective non-GAAP financial measure referenced above for the reasons set
forth with respect to each such excluded item below:

Share-Based Compensation - because (1) the total amount of expense is
partially outside of our control because it is based on factors such as stock
price volatility and interest rates, which may be unrelated to our performance
during the period in which the expense is incurred, (2) it is an expense based
upon a valuation methodology premised on assumptions that vary over time, and
(3) the amount of the expense can vary significantly between companies due to
factors that can be outside of the control of such companies.

Acquisition-Related Expenses - including such items as, when applicable,
amortization of acquired intangible assets, fair value adjustments to
contingent consideration, fair value charges incurred upon the sale of
acquired inventory, acquisition-related professional fees and deemed
compensation expenses, because they are not considered by management in making
operating decisions and we believe that such expenses do not have a direct
correlation to future business operations and thereby including such charges
does not accurately reflect the performance of our ongoing operations for the
period in which such charges are incurred.

Litigation Settlement Gains and Losses - including gains and losses related to
the resolution of other than ordinary course threatened and actually filed
lawsuits and other than ordinary course contractual disputes, because (1) they
are not considered by management in making operating decisions, (2) such gains
and losses tend to be infrequent in nature, (3) such gains and losses are
generally not directly controlled by management, (4) we believe such gains and
losses do not necessarily reflect the performance of our ongoing operations
for the period in which such charges are recognized and (5) the amount of such
gains or losses can vary significantly between companies and make comparisons
difficult.

Restructuring-Related Charges - because, to the extent such charges impact a
period presented, we believe that they have no direct correlation to future
business operations and including such charges does not necessarily reflect
the performance of our ongoing operations for the period in which such charges
are incurred.

Deferred Executive Compensation - including charges related to any contingent
obligation pursuant to an executive severance agreement because we believe the
period over which the obligation is amortized may not reflect the period of
benefit and that such expense has no direct correlation with our recurring
business operations and including such expenses does not accurately reflect
the compensation expense for the period in which incurred.

Amortization of Discount on Convertible Debt - comprised of the amortization
of the debt discount recorded at inception of the convertible debt borrowing
related to the adoption of ASC 470-20, because the expense is dependent on
fair value assessments and is not considered by management when making
operating decisions.

Certain Income Tax Items - including certain deferred tax charges and benefits
which do not result in a current tax payment or tax refund and other
adjustments which are not indicative of ongoing business operations.

The non-GAAP financial measures presented in the table above should not be
considered in isolation and are not an alternative for, the respective GAAP
financial measure that is most directly comparable to each such non-GAAP
financial measure. Investors are cautioned against placing undue reliance on
these non-GAAP financial measures and are urged to review and consider
carefully the adjustments made by management to the most directly comparable
GAAP financial measures to arrive at these non-GAAP financial measures.
Non-GAAP financial measures may have limited value as analytical tools because
they may exclude certain expenses that some investors consider important in
evaluating operating performance or ongoing business. Further, non-GAAP
financial measures are likely to have limited value for purposes of drawing
comparisons between companies because different companies may calculate
similarly titled non-GAAP financial measures in different ways because
non-GAAP measures are not based on any comprehensive set of accounting rules
or principles.

Our earnings release contains forward looking estimates of non-GAAP gross
margin, non-GAAP operating margin and non-GAAP diluted earnings per share for
the third quarter of our 2013 fiscal year ("Q3 2013"). We provide these
non-GAAP measures to investors on a prospective basis for the same reasons
(set forth above) that we provide them to investors on a historical basis.

The following table provides a reconciliation of our forward looking estimate
of non-GAAP gross margin to a forward looking estimate of GAAP gross margin
for Q3 2013:

     Forward looking non-GAAP gross margin              43.5 - 44.0%
          estimate
          Less: Share-based compensation expense                  (0.6%)
          Forward looking GAAP gross margin estimate              42.9 - 43.4%

The following table provides a reconciliation of our forward looking estimate
of non-GAAP operating margin to a forward looking estimate of GAAP operating
margin for Q3 2013:

     Forward looking non-GAAP operating margin estimate      >25.0%
          Less: Share-based compensation expense                       (4.5%)
          Amortization of intangibles                                  (1.6%)
          Forward looking GAAP operating margin estimate               >18.9%

We are unable to provide a reconciliation of our forward looking estimate of
Q3 2013 non-GAAP diluted earnings per share to a forward looking estimate of
Q3 2013 GAAP diluted earnings per share because certain information needed to
make a reasonable forward looking estimate of GAAP diluted earnings per share
for Q3 2013 (other than estimated share-based compensation expense of $0.10
per diluted share, certain tax items of $0.05 per diluted share, estimated
amortization of intangibles of $0.04 per diluted share and estimated deferred
executive compensation expense with a de minimis impact on diluted earnings
per share) is difficult to predict and estimate and is often dependent on
future events which may be uncertain or outside of our control. Such events
may include unanticipated changes in our GAAP effective tax rate,
unanticipated one time charges related to asset impairments (fixed assets,
intangibles or goodwill), unanticipated acquisition related costs,
unanticipated litigation settlement gains and losses and other unanticipated
non-recurring items not reflective of ongoing operations. We believe the
probable significance of these unknown items, in aggregate, to be in the range
of $0.00 to $0.05 in quarterly earnings per diluted share on a GAAP basis. Our
forward looking estimates of both GAAP and non-GAAP measures of our financial
performance may differ materially from our actual results and should not be
relied upon as statements of fact.

 [a]  These charges represent expense recognized in accordance with ASC 718
        - Compensation, Stock Compensation.
        Approximately $2.7 million, $7.5 million and $8.1 million were
        included in cost of goods sold, research and development expense and
        selling, general and administrative expense, respectively, for the
        three months ended March 29, 2013.
        Approximately $5.1 million, $14.9 million and $16.0 million were
        included in cost of goods sold, research and development expense and
        selling, general and administrative expense, respectively, for the six
        months ended March 29, 2013.
        
        For the three months ended March 30, 2012, approximately $2.4 million,
        $7.5 million and $9.4 million were included in cost of goods sold,
        research and development expense and selling, general and
        administrative expense, respectively.
        For the six months ended March 30, 2012, approximately $4.9 million,
        $13.1 million and $17.1 million were included in cost of goods sold,
        research and development expense and selling, general and
        administrative expense, respectively.
        
        The acquisition-related expense of $0.2 million and $0.8 million
  [b]   recognized during the three months and six months ended March 29,
        2013, respectively, primarily relates to general and administrative
        expenses associated with acquisitions.
        
        The acquisition-related expense recognized during the three months and
        six months ended March 30, 2012 includes a $2.8 million and $2.9
        million charge to cost of sales related to the sale of acquired
        inventory, respectively. Also included in acquisition-related expense
        is $2.0 million and $9.2 million in transaction costs included in
        general and administrative expense associated with acquisitions, and
        an arbitration, completed or contemplated during the three months and
        six months ended March 30, 2012, respectively.
        
  [c]   During the three months and six months ended March 29, 2013, the
        Company implemented restructuring plans to reduce global headcount.
        A $4.8 million and $6.4 million charge was recorded during the three
        months and six months ended March 29, 2013, respectively, related to
        these plans.
        
        During the three months and six months ended March 30, 2012, the
        Company implemented a restructuring plan to reduce headcount
        associated with its acquisition of Advanced Analogic Technologies,
        Inc. and recorded a $6.0 and $6.6 million charge, respectively,
        primarily related to this plan.
        
  [d]   During the three months and six months ended March 29, 2013, the
        Company recognized a $0.3 million charge primarily related to general
        and administrative expense associated with ongoing litigations.
        
        During the three months and six months ended March 30, 2012, the
        Company recognized a $0.5 million charge primarily related to the
        resolution of a contractual dispute.
        
        These charges represent the amortization expense recognized in
  [e]   accordance with ASC 470-20. Approximately $0.1 million and $0.3
        million of amortization expense was recognized during the three months
        and six months ended March 30, 2012, respectively.
        
        During the three months and six months ended March 29, 2013, these
  [f]   amounts primarily represent the utilization of net operating loss and
        research and development tax credit carryforwards and non-cash expense
        related to uncertain tax positions. As a result of the passage of the
        American Taxpayer Relief Act of 2012, the GAAP tax rate includes a
        discrete adjustment for the retroactive recognition of research and
        development tax credits.
        
        During the three months and six months ended March 30, 2012, these
        amounts primarily represent the utilization of net operating loss and
        research and development tax credit carryforwards and non-cash expense
        related to uncertain tax positions.
        


SKYWORKS SOLUTIONS, INC.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEET
                                                 
                                          March 29,     Sept. 28,
(in millions)                             2013          2012
Assets
Current assets:
Cash and cash equivalents               $ 458.8       $ 307.1
Accounts receivable, net                  234.6         297.6
Inventory                                 226.8         232.9
Other current assets                      43.5          45.7
Property, plant and equipment, net        294.3         279.4
Goodwill and intangible assets, net       879.0         894.5
Other assets                              79.9          79.4
Total assets                            $ 2,216.9     $ 2,136.6
                                                        
Liabilities and Equity
Current liabilities:
Accounts payable                        $ 111.5       $ 140.6
Accrued and other current liabilities     51.1          42.1
Other long-term liabilities               54.3          48.4
Stockholders' equity                      2,000.0       1,905.5
                                                        
Total liabilities and equity            $ 2,216.9     $ 2,136.6
                                                        

Contact:

Skyworks Media Relations:
Pilar Barrigas
(949) 231-3061
or
Skyworks Investor Relations:
Stephen Ferranti
(781) 376-3056
 
Press spacebar to pause and continue. Press esc to stop.