Skyworks Solutions, Inc. (NASDAQ:SWKS) Q3 2023 Earnings Call Transcript

Ruben Roy : Okay. Okay. And then I guess just as a quick follow-up, Liam, kind of another high-level question around sort of the macro and how you weigh that against design activity. It sounds like things are going well in some of these new areas that you’re addressing, auto. Obviously, Wi-Fi has a cycle coming up. But I mean, generally, outside of mobile, if you look at broad markets, how would you assess design activity sort of as you look into the second half of the year versus maybe this time last year?

Liam Griffin : Yes. I tell you, it’s really getting better. The design win activity is better, the customer engagements and discussions that we’re having are getting better and more forward-looking. The portfolio is broader than it ever has been. We’ve got a lot more talent in the organization. Operationally, we’ve gone through some cyclical hits here with depreciation that we talked about with CapEx, but that’s turning into a cash flow play right now that’s going to really drive the business and allow us to put forth more powerful investments. So we feel good about it. And I think the pieces can really drive a great 2024. We’re getting through these quarters right now, the business is starting to improve, and we expect to have double-digit performance as we go forward.

Operator: Thank you. Mr. Griffin, there are no further questions at this time. Please proceed.

Liam Griffin : Well, thank you all for participating on today’s call. We look forward to talking to you at upcoming investor conferences. Thank you.

Operator: Thank you. Ladies and gentlemen, that does conclude our conference for today. Thank you all for participating. You may all disconnect.