Skyworks Exceeds Q3 FY13 Revenue and EPS Guidance

  Skyworks Exceeds Q3 FY13 Revenue and EPS Guidance

  *Delivers $436.1 Million in Revenue, Up 12 Percent Year-over-Year
  *Expands Non-GAAP Gross Margin to 44.0% (43.2% GAAP) and Non-GAAP Operating
    Margin to 25.7% (19.3% GAAP)
  *Posts $0.54 in Non-GAAP Diluted EPS ($0.34 GAAP)
  *Repurchases 4 Million Shares of Common Stock
  *Guides to $475 Million in Revenue, with Continued Margin Improvements
    Yielding $0.62 of Non-GAAP Diluted EPS for Q4 FY13

Business Wire

WOBURN, Mass. -- July 18, 2013

Skyworks Solutions, Inc. (NASDAQ: SWKS) an innovator of high performance
analog semiconductors enabling a broad range of end markets, today reported
third fiscal quarter 2013 results for the period ending June 28, 2013. Revenue
for the quarter was $436.1 million, up 12 percent when compared to $389.0
million in the third fiscal quarter of 2012.

On a non-GAAP basis, operating income for the third fiscal quarter of 2013 was
$111.9 million, or 25.7 percent of sales, up from $91.7 million in the
comparable period a year ago. Non-GAAP diluted earnings per share for the
third fiscal quarter of 2013 was $0.54, a penny better than the Company’s
guidance, and a 20 percent increase from the $0.45 in the third fiscal quarter
of 2012. On a GAAP basis, operating income for the third fiscal quarter of
2013 was $84.3 million and diluted earnings per share was $0.34.

“Skyworks’ outperformance and outlook for sustainable above market growth
reflects our progress towards becoming a highly diversified analog
semiconductor market leader,” said David J. Aldrich, president and chief
executive officer of Skyworks. “We are capturing margin-accretive content
across a broad set of end markets spanning automotive, industrial, smart
energy, home automation, medical, mobility and cloud computing. Leading
customers within each of these targeted markets are increasingly requiring
always-on connectivity and enhanced power efficiency which intersects with our
core competencies. Our system-level innovations and scale advantages are
translating into accelerating top line growth, margin expansion and, most
importantly, returns well in excess of our cost of capital. Accordingly,
Skyworks is well positioned to capitalize on the Internet of Things tsunami
and to outpace the broader analog semiconductor market while increasing
shareholder value.”

Q3 Business Highlights

  *Enabled home sensor networks at an emerging global home health care
    provider
  *Launched the industry’s lowest noise LNAs supporting GPS, broadband and
    satellite communication applications
  *Secured telematics and infotainment system design wins with a strategic
    global automotive supplier
  *Powered Belkin, Cisco and Netgear 802.11ac enterprise routers
  *Ramped voltage regulators across LTE data cards
  *Commenced shipments of wireless networking and ZigBee® solutions in
    support of security sensors, smoke alarms, motion detectors and touch pads
  *Supported educational tablets and ebooks with backlighting and panel power
    management semiconductors
  *Gained connectivity and analog control IC content at Huawei, Lenovo and
    ZTE
  *Captured multiple front-end and wireless networking sockets on Qualcomm
    LTE reference designs
  *Introduced silicon-based ultra-high speed switching technology for carrier
    aggregation applications
  *Recorded a 3-fold increase in 4G base station content gains via highly
    integrated radios incorporating mixer, down converter and IQ modulator
    functionality

Fourth Fiscal Quarter 2013 Outlook

“Given new program launches and an expanding product pipeline, we expect a
strong second half to 2013,” said Donald W. Palette, vice president and chief
financial officer of Skyworks. “Specifically, for the current quarter, we
anticipate revenue of $475 million, gross margin expansion to the 44.0 to 44.5
percent range and $0.62 of diluted earnings per share, each on a non-GAAP
basis.”

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

Skyworks' Third Fiscal Quarter 2013 Conference Call

Skyworks will host a conference call with analysts to discuss its third 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 800-230-1085 (domestic) or 612-234-9960
(international), confirmation code: 296576.

Playback of the conference call will begin at 9:00 p.m. Eastern time on July
18, and end at 9:00 p.m. Eastern time on July 25. The replay will be available
on Skyworks' Web site or by calling 800-475-6701 (domestic) or 320-365-3844
(international), access code: 296576.

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      Nine Months Ended
                                                                     
                               June 28,     June       June 28,      June 29,
                                            29,
(in millions, except per       2013         2012       2013         2012    
share amounts)
                                                                     
Net revenue                  $ 436.1      $ 389.0    $ 1,315.0     $ 1,147.5
Cost of goods sold             247.9        223.7      757.5        658.1   
Gross profit                   188.2        165.3      557.5         489.4
                                                                     
Operating expenses:
   Research and                56.6         56.1       171.0         155.9
   development
   Selling, general and        40.3         37.5       118.1         120.6
   administrative
   Amortization of             7.0          8.6        22.4          24.3
   intangibles
   Restructuring and other     -            1.1        6.4          7.8     
   charges
         Total operating       103.9        103.3      317.9         308.6
         expenses
                                                                     
Operating income               84.3         62.0       239.6         180.8
                                                                     
   Interest expense            -            -          -             (0.5    )
   Other income (expense),     0.2          0.1        (0.9    )     (0.1    )
   net
Income before income taxes     84.5         62.1       238.7         180.2
Provision for income taxes     18.8         12.8       44.8         39.7    
Net income                   $ 65.7       $ 49.3     $ 193.9      $ 140.5   
                                                                     
   Earnings per share:
         Basic               $ 0.35       $ 0.26     $ 1.03        $ 0.76
         Diluted             $ 0.34       $ 0.26     $ 1.01        $ 0.74
   Weighted average
   shares:
         Basic                 186.6        186.3      188.2         185.1
         Diluted               191.2        192.5      192.8         191.1
                                                                             

SKYWORKS SOLUTIONS, INC.
UNAUDITED RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
                                                               
                                     Three Months Ended    Nine Months Ended
                                                                      
                                     June 28,   June 29,   June 28,   June 29,
(in millions)                        2013      2012      2013      2012   
                                                                      
GAAP gross profit                 $  188.2    $ 165.3    $ 557.5    $ 489.4
    Share-based compensation         2.4        2.1        7.5        7.0
    expense [a]
    Acquisition-related expense      1.2       0.7       1.3       3.6    
    [b]
Non-GAAP gross profit             $  191.8   $ 168.1   $ 566.3   $ 500.0  
                                                                      
Non-GAAP gross margin %              44.0   %   43.2   %   43.1   %   43.6   %
                                                                 
                                     Three Months Ended    Nine Months Ended
                                                                      
                                     June 28,   June 29,   June 28,   June 29,
(in millions)                        2013      2012      2013      2012   
                                                                      
GAAP operating income             $  84.3     $ 62.0     $ 239.6    $ 180.8
    Share-based compensation         18.1       18.6       54.1       53.7
    expense [a]
    Acquisition-related expense      1.3        (4.0   )   2.1        8.1
    (credit) [b]
    Amortization of intangibles      7.0        8.6        22.4       24.3
    Restructuring and other          -          1.1        6.4        7.8
    charges [c]
    Litigation settlement gains,     1.1        5.3        1.4        5.8
    losses and expenses [d]
    Deferred executive               0.1       0.1       0.4       0.4    
    compensation
Non-GAAP operating income         $  111.9   $ 91.7    $ 326.4   $ 280.9  
                                                                      
Non-GAAP operating margin %          25.7   %   23.6   %   24.8   %   24.5   %
                                                                 
                                     Three Months Ended    Nine Months Ended
                                                                      
                                     June 28,   June 29,   June 28,   June 29,
(in millions)                        2013      2012      2013      2012   
                                                                      
GAAP net income                   $  65.7     $ 49.3     $ 193.9    $ 140.5
    Share-based compensation         18.1       18.6       54.1       53.7
    expense [a]
    Acquisition-related expense      1.3        (4.0   )   2.1        8.1
    (credit) [b]
    Amortization of intangibles      7.0        8.6        22.4       24.3
    Restructuring and other          -          1.1        6.4        7.8
    charges [c]
    Litigation settlement gains,     1.1        5.3        1.4        5.8
    losses and expenses [d]
    Deferred executive               0.1        0.1        0.4        0.4
    compensation
    Amortization of discount on      -          -          -          0.3
    convertible debt [e]
    Tax adjustments [f]              10.5      7.1       21.6      21.3   
Non-GAAP net income               $  103.8   $ 86.1    $ 302.3   $ 262.2  
                                                                 
                                     Three Months Ended    Nine Months Ended
                                                                      
                                     June 28,   June 29,   June 28,   June 29,
                                     2013      2012      2013      2012   
                                                                      
GAAP net income per share,        $  0.34     $ 0.26     $ 1.01     $ 0.74
diluted
    Share-based compensation         0.09       0.10       0.28       0.28
    expense [a]
    Acquisition-related expense      0.01       (0.02  )   0.01       0.04
    (credit) [b]
    Amortization of intangibles      0.04       0.04       0.12       0.13
    Restructuring and other          -          -          0.03       0.04
    charges [c]
    Litigation settlement gains,     0.01       0.03       0.01       0.03
    losses and expenses [d]
    Tax adjustments [f]              0.05      0.04      0.11      0.11   
Non-GAAP net income per share,    $  0.54    $ 0.45    $ 1.57    $ 1.37   
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 our 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, an additional means of evaluating period-over-period operating
performance and a method to facilitate certain comparisons of our operating
results to those of our peer companies. We also believe that providing
non-GAAP operating income and operating margin allows investors to assess the
extent to which our 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 our ongoing operations by eliminating the impact of
acquisition-related expenses, restructuring charges, litigation gains, losses
and expenses, 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, losses and expenses 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, losses and
expenses, amortization of discount on convertible debt, certain deferred
executive compensation and 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 our 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, Losses and Expenses- including gains, losses and
expenses 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, losses and expenses tend to be infrequent
in nature, (3) such gains, losses and expenses are generally not directly
controlled by management, (4) we believe such gains, losses and expenses 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 and expenses can vary significantly between companies and make
comparisons less reliable.

Restructuring-Related Charges - because, to the extent such charges impact a
period presented, we believe that they have no direct correlation to our
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, including but not limited to, items unrelated to the current
fiscal year or which are not indicative of our 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 our operating performance or ongoing business performance. 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 and non-GAAP diluted earnings per share for the fourth quarter of our
2013 fiscal year ("Q4 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 Q4 2013:

      Forward looking non-GAAP gross margin estimate   44.0 - 44.5%
            Less: Share-based compensation expense             (0.6%)
            Forward looking GAAP gross margin estimate         43.4 - 43.9%
                                                               

We are unable to provide a reconciliation of our forward looking estimate of
Q4 2013 non-GAAP diluted earnings per share to a forward looking estimate of
Q4 2013 GAAP diluted earnings per share because certain information needed to
make a reasonable forward looking estimate of GAAP diluted earnings per share
for Q4 2013 (other than estimated share-based compensation expense of $0.10
per diluted share, certain tax items of $0.07 per diluted share, estimated
amortization of intangibles of $0.03 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,
inventory, intangibles or goodwill), unanticipated acquisition related costs,
unanticipated litigation settlement gains, losses and expenses 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 $2.4 million, $7.3 million and $8.4 million were included
      in cost of goods sold, research and development expense and selling,
      general and administrative expense, respectively, for the three months
      ended June 28, 2013.
      Approximately $7.5 million, $22.1 million and $24.5 million were
      included in cost of goods sold, research and development expense and
      selling, general and administrative expense, respectively, for the nine
      months ended June 28, 2013.
      
      For the three months ended June 29, 2012, approximately $2.1 million,
      $7.5 million and $9.0 million were included in cost of goods sold,
      research and development expense and selling, general and administrative
      expense, respectively.
      For the nine months ended June 29, 2012, approximately $7.0 million,
      $20.6 million and $26.0 million were included in cost of goods sold,
      research and development expense and selling, general and administrative
      expense, respectively.
      
      The acquisition-related expense recognized during the three and nine
[b]   months ended June 28, 2013 includes a $1.2 million and $1.3 million
      charge to cost of sales related to the sale of acquired inventory,
      respectively, and $0.1 million and $0.8 million in transaction costs
      included in general and administrative expenses associated with
      acquisitions, respectively.
      
      The acquisition-related expense recognized during the three and nine
      months ended June 29, 2012 includes a $0.7 million and $3.6 million
      charge to cost of sales related to the sale of acquired inventory,
      respectively, and $0.7 million and $9.9 million in transaction costs
      included in general and administrative expenses associated with
      acquisitions, and an arbitration, completed or contemplated during the
      three and nine months ended June 29, 2012, respectively. Also included
      in general and administrative expenses for the three and nine months
      ended June 29, 2012 is a $5.4 million credit due to a reduction in the
      estimated fair value of contingent consideration liabilities associated
      with acquisitions.
      
[c]   During the nine months ended June 28, 2013, the Company recorded a $6.4
      million charge related to the implementation of restructuring plans to
      reduce global headcount.
      
      During the nine months ended June 29, 2012, the Company implemented a
      restructuring plan to reduce the headcount associated with its
      acquisition of Advanced Analogic Technologies, Inc. For the three and
      nine months ended June 29, 2012, the Company recorded $1.1 million and
      $7.8 million, respectively, primarily related to this restructuring
      plan.
      
      During the three and nine months ended June 28, 2013, the Company
[d]   recognized a $1.1 million and $1.4 million charge, respectively,
      primarily related to general and administrative expense associated with
      ongoing litigations.
      
      During the three and nine months ended June 29, 2012, the Company
      recognized a $5.3 million and $5.8 million charge, respectively, related
      to the resolution of contractual disputes.
      
[e]   These charges represent the amortization expense recognized in
      accordance with ASC 470-20. Approximately $0.4 million of amortization
      expense was recognized during the nine months ended June 29, 2012.
      
      During the three and nine months ended June 28, 2013, these amounts
[f]   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 retroactive
      adjustment for the recognition of research and development tax credits
      earned in fiscal year 2012.
      
      During the three and nine months ended June 29, 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
              
                                        June 28,   Sept. 28,
(in millions)                           2013       2012
Assets
Current assets:
Cash and cash equivalents             $ 400.3    $ 307.1
Accounts receivable, net                283.9      297.6
Inventory                               232.3      232.9
Other current assets                    43.1       45.7
Property, plant and equipment, net      309.2      279.4
Goodwill and intangible assets, net     872.0      894.5
Other assets                            77.1       79.4
Total assets                          $ 2,217.9  $ 2,136.6
                                                   
Liabilities and Equity
Current liabilities:
Accounts payable                      $ 115.2    $ 140.6
Accrued and other current liabilities   43.8       42.1
Other long-term liabilities             58.8       48.4
Stockholders' equity                    2,000.1    1,905.5
Total liabilities and equity          $ 2,217.9  $ 2,136.6
                                                   

Contact:

Skyworks Media Relations:
Pilar Barrigas, (949) 231-3061
or
Skyworks Investor Relations:
Stephen Ferranti, (781) 376-3056