Semiconductor Materials

demand / volume affecting revenue

“19 Table of Contents General During the three months ended April 3, 2026, the following key factors contributed to our overall results of operations, financial position, and cash flows: • Net revenue decreased to $943.7 million for the three months ended April 3, 2026, as compared to $953.2 million for the corresponding period in fiscal 2025, driven primarily by a decrease in market share at a significant customer, partially offset by an increase in demand for our Wi-Fi products.”

SWKS 10-Q

restructuring affecting expense

“Restructuring, Impairment, and Other Charges Three Months Ended Six Months Ended (dollars in millions) April 3, 2026 Change March 28, 2025 April 3, 2026 Change March 28, 2025 Restructuring, impairment, and other charges $ 10.9 (44.4)% $ 19.6 $ 22.5 6.6% $ 21.1 % of net revenue 1.2 % 2.1 % 1.1 % 1.0 % Restructuring, impairment, and other charges for the three and six months ended April 3, 2026, was primarily due to costs associated with facility consolidation and closure.”

SWKS 10-Q

credit / rates affecting interest expense

“Interest Expense Fiscal Years Ended (dollars in millions) October 3, 2025 Change September 27, 2024 Change September 29, 2023 Interest expense $ 27.1 (11.7)% $ 30.7 (52.3)% $ 64.4 % of net revenue 0.7 % 0.7 % 1.3 % The decrease in interest expense in fiscal 2025, as compared to fiscal 2024, was due to certain debt repayments in prior periods that reduced the amount of outstanding indebtedness.”

SWKS 10-K