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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported):		April 24, 2006

Skyworks Solutions, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)

Delaware	1-5560	04-2302115
_____________________ (State or other jurisdiction	_____________ (Commission	______________ (I.R.S. Employer
of incorporation)	File Number)	Identification No.)
20 Sylvan Road, Woburn, Massachusetts		01801
_________________________________ (Address of principal executive offices)		___________ (Zip Code)

Registrant’s telephone number, including area code:		781-376-3000

Not Applicable
______________________________________________
Former name or former address, if changed since last report

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Item 2.02 Results of Operations and Financial Condition.

The information contained herein and in the accompanying exhibit shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

On April 24, 2006, Skyworks Solutions, Inc. announced its financial results for the three and six month periods ended March 31, 2006. A copy of the press release is attached hereto as Exhibit 99.1.

Use of Non-GAAP Financial Measures

To supplement our consolidated financial statements presented in accordance with GAAP, Skyworks Solutions, Inc. uses non-GAAP financial measures of operating results, net income and earnings per share, which are adjusted from results based on GAAP to exclude certain charges and non-recurring items. These non-GAAP financial measures are provided to enhance the user's over all understanding of our current financial performance and our prospects for the future. Specifically, we believe the non-GAAP financial measures provide useful information to both management and investors by excluding certain charges and non-recurring items that we believe are not indicative of our ongoing operations and economic performance. Additionally, since we have historically reported non-GAAP results to the investment community, the inclusion of non-GAAP financial measures provides consistency in our financial reporting. Further, these non-GAAP financial measures are one of the primary indicators management uses for planning and forecasting in future periods. The presentation of this additional information should not be considered in isolation or as a substitute for results prepared in accordance with accounting principles generally accepted in the United States. A reconciliation of these non-GAAP financial measures to the comparable GAAP financial measures is contained in the attached press r elease.

Item 9.01 Financial Statements and Exhibits.

(c) Exhibits

99.1 Press Release dated April 24, 2006, announcing Skyworks Solutions, Inc.'s financial results for the three and six month periods ended March 31, 2006.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		Skyworks Solutions, Inc.
April 24, 2006		By:		/s/ Allan M. Kline
				Name: Allan M. Kline
				Title: Chief Financial Officer

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Exhibit Index

Exhibit No.		Description
99.1		Press Release dated April 24, 2006, announcing Skyworks Solutions, Inc.'s financial results for the three and six month periods ended March 31, 2006.

EXHIBIT 99.1

Skyworks Reports Second Fiscal Quarter 2006 Results

Delivers $185 Million in Revenue and $0.03 of Pro Forma Diluted EPS;
Anticipates June Quarterly Revenue to Be Up More Than 5 Percent Sequentially with
50 to 60 Percent Growth in Pro Forma Operating Income

WOBURN, Mass., Apr. 24, 2006 – Skyworks Solutions, Inc. (NASDAQ: SWKS), an industry leader in radio solutions and precision analog semiconductors, today announced revenue of $185.2 million for the second fiscal quarter ended March 31, 2006, compared to $198.3 million in the seasonally strong December quarter and $190.5 million in the same period a year ago. Excluding the company’s baseband product area and legacy assembly and test services operation, revenue was up 11 percent year-over-year, from $154.9 million in the second fiscal quarter of 2005 to $172.3 million in the most recent period.

On a pro forma basis, operating income was $6.7 million in the second fiscal quarter, yielding net income of $4.6 million, or $0.03 of pro forma diluted earnings per share, $0.01 better than consensus estimates. GAAP operating income for the second fiscal quarter was $2.5 million and includes a $3.6 million charge related to the expensing of equity-based compensation in accordance with FASB Statement No. 123(R), resulting in net income of $0.9 million or $0.01 in diluted earnings per share.

Pro forma results, which are a supplement to financial results based on GAAP, exclude certain charges including equity-based compensation, amortization of intangible assets and non-recurring items. The company believes these non-GAAP financial measures provide useful information to both management and investors by excluding

1 certain charges and non-recurring items that may not be indicative of Skyworks’ ongoing operations and economic performance.

“Strengthening demand across our portfolio of front-end modules, RF solutions and linear products offset typical handset seasonality of the second fiscal quarter and enabled us to deliver revenue and operating income above our guidance,” said David J. Aldrich, Skyworks’ president and chief executive officer. “Looking forward, we are in the midst of multiple strategic product ramps highlighted by Helios™ EDGE radios at Samsung, CDMA RF subsystems at LG, WEDGE front-end modules at Sony Ericsson, and several new platforms at Motorola. Additionally, we are introducing a suite of highly innovative analog semiconductors in support of a diverse set of customers. Accordingly, we are anticipating solid growth and operating margin leverage moving into the June quarter with an even stronger back half of 2006.”

Corporate Highlights

•

Retired $51 million of convertible debt at less than par value in an accretive transaction

•

Powered a suite of Samsung’s recently introduced handsets, including the E900, E770 and S400i series, with Helios™ EDGE radios

•

Supported LG’s revolutionary “Chocolate” series of handsets with complete radio solutions for both CDMA and GPRS model versions

•

Ramped front-end modules in support of Sony Ericsson’s highly successful family of GPRS, EDGE and WCDMA Walkman handsets

•

Commenced WCDMA transmit module volume shipments at a fourth tier-one handset OEM

Business Outlook

“We are forecasting June quarterly revenue to increase more than 5 percent sequentially driven by increasing demand across our EDGE, CDMA and WCDMA portfolio coupled with the launch of our newest linear products,” said Allan M. Kline, Skyworks’ vice president and chief financial officer. “At the same time, we plan to improve pro forma operating income by approximately 50 to 60 percent sequentially and deliver $0.05 of pro forma diluted earnings per share, demonstrating our earnings leverage and setting the stage for a higher degree of profitability going forward.” Pro forma operating income and diluted earnings per share excludes an estimated $4.0 million of FASB Statement No. 123(R) related expense.

Skyworks will discuss its business outlook in more detail on its conference call to be held with investors and analysts today at 5:00 p.m. eastern time (ET).

Skyworks’ Second Fiscal Quarter 2006 Conference Call

Skyworks will host a conference call at 5:00 p.m. ET time today to discuss results for the second fiscal quarter of 2006 and current business prospects. To listen to the conference call via the Internet, please visit the Investor Relations section of Skyworks’ Web site at www.skyworksinc.com. To listen to the conference call via telephone, please call 800.263.8506 (domestic) or 719.457.2681 (international), security code: Skyworks.

Playback of the conference call will begin at 9 p.m. ET on Monday, April 24, and end at 9 p.m. ET on Monday, May 1, 2006. The replay will be available on Skyworks’ Web site or by calling 888.203.1112 (domestic) or 719.457.0820 (international); access code: 4478033#.

About Skyworks

Skyworks Solutions, Inc. is an industry leader in radio solutions and precision analog semiconductors servicing a diversified set of mobile communications applications. The company’s power amplifiers, front-end modules and direct conversion transceivers are at the heart of many of today’s leading-edge multimedia handsets, cellular base stations and wireless networking platforms. Skyworks also offers a portfolio of highly innovative linear products, supporting a diverse set of automotive, broadband, industrial and medical customers.

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 information relating to future results of Skyworks (including certain projections and business trends). Forward-looking statements can often be identified by words such as “anticipates,” “expects,” “intends,” “believes,” “plans,” “may,” “will,” “continue,” similar expressions, and variations or negatives of these words. All such statements are subject to certain risks and uncertainties 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 and uncertainties include, but are not limited to: global economic and market conditions, such as the cyclical nature of the semiconductor industry and the markets addressed by the company’s and its customers’ products; demand for and market acceptance of new and existing products; the ability to develop, manufacture and market innovative products in a rapidly changing technological environment; the ability to compete with products and prices in an intensely competitive industry; product obsolescence; losses or curtailments of purchases from key customers or the timing of customer inventory adjustments; the timing of new product introductions; the availability and extent of utilization of raw materials, critical manufacturing equipment and manufacturing capacity; pricing pressures and other competitive factors; changes in product mix; fluctuations in manufacturing yields; the ability to continue to grow and maintain an intellectual property portfolio and obtain needed licenses from third parties; the ability to attract and retain qualified personnel; labor relations of the company, its customers and suppliers; economic, social and political conditions in the countries in which Skyworks, its customers or its suppliers operate, including security and health risks, possible disruptions in transportation networks and fluctuations in foreign currency exchange rates; and the uncertainties of litigation, as well as other risks and uncertainties, including but not limited to those detailed from time to time in the company’s filings with the Securities and Exchange Commission.

These forward-looking statements are made only as of the date hereof, and the company undertakes 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, Skyworks Solutions and Helios 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.

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SKYWORKS SOLUTIONS, INC.
UNAUDITED GAAP CONSOLIDATED STATEMENT OF OPERATIONS

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

[a] These charges represent expense recognized in accordance with FASB Statement No. 123R, Share-Based Payment. Approximately $0.6 million, $1.5 million and $1.5 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 31, 2006. Approximately $0.9 million, $2.9 million and $2.8 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 31, 2006.

[b] The charges recorded during the first quarter of fiscal 2006 primarily related to a continued reduction in the level of activity within the Company’s cellular baseband product area. Approximately $0.4 million, $1.2 million and $0.2 million were included in cost of goods sold, research and development expense and selling, general and administrative expense, respectively.

[c] These charges represent an aggregate adjustment for the correction of an error in the manner in which the Company accounted for scheduled rent increases and amortization of leasehold improvements.

[d] This charge represents a reduction in deferred financing costs associated with the redemption of $50.7 million of the Company’s 4.75% convertible subordinated notes.

[e] During the three months ended March 31, 2006, this adjustment represents the reversal of the non-cash tax charge primarily related to the utilization of pre-merger deferred tax assets recorded in the first quarter of fiscal 2006. During the six months ended March 31, 2006, this adjustment relates to foreign exchange translation associated with the Company’s foreign deferred tax assets. During the second quarter of fiscal 2005 and for the six months ended April 1, 2005, these charges primarily represent non-cash charges related to the utilization of pre-merger deferred tax assets and a reduction in the expected benefit of foreign deferred tax assets resulting from a change in regulated foreign tax rates.

The above pro forma non-GAAP measures are based upon our unaudited consolidated statements of operations for the periods shown. These non-GAAP financial measures are provided to enhance the user’s overall understanding of our current financial performance and our prospects for the future. Specifically, we believe the non-GAAP financial measures provide useful information to both management and investors by excluding certain charges and non-recurring items that we believe are not indicative of our ongoing operations and economic performance. Additionally, since we have historically reported non-GAAP results to the investment community, the inclusion of non-GAAP financial measures provides consistency in our financial reporting. Further, these non-GAAP financial measures are one of the primary
indicators management uses for planning and forecasting in future periods. The presentation of this additional information should not be considered in isolation or as a substitute for results prepared in accordance with accounting principles generally accepted in the United States.

SKYWORKS SOLUTIONS, INC.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEET

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