Business Highlights

    --  Received product quality awards from LG Electronics and Appeal
        Telecom

    --  Achieved ISO 9001:2000 certification across all major design,
        development and manufacturing locations

    --  Raised $102 million through a 9.2 million share offering of
        common stock

    --  Created RF Solutions business unit through consolidation of
        front-end module and RF subsystem product areas

    Product Highlights

    Front-End Modules

    --  Ramped production of the world's most highly integrated
        GSM/GPRS front-end module at a top tier customer

    --  Commenced CDMA power amplifier (PA) module shipments to
        Kyocera

    --  Unveiled the industry's most highly integrated 6 x 6mm
        GSM/GPRS PA module

    --  Launched stand alone GSM/GPRS PA module shipments to Samsung
        within a non-Skyworks systems architecture

    RF Subsystems

    --  Delivered complete RF transmit and receive chain functionality
        to over 20 customers, including the majority of the world's
        top 10 cellular handset suppliers

    --  Increased direct conversion transceiver units by more than 30
        percent sequentially

    --  Captured several key EDGE RF subsystem design wins

    --  Passed Field Type Approval (FTA) with the world's first Single
        Package Radio(TM) solution

    Cellular Systems

    --  Supported GPRS ramps at Samsung including models targeting
        Europe, Russia, Southeast Asia, South Africa and the Middle
        East

    --  Scored follow-on handset design wins at Vitelcom Mobile in
        support of Telefonica

    Cellular Infrastructure and Wireless Data

    --  Shipped 75 millionth switch and control solution for 802.11
        applications

    --  Recorded initial design wins with the world's most highly
        integrated WLAN front-end module

    First Quarter Fiscal 2004 Outlook

SKYWORKS SOLUTIONS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS

(unaudited)                           Three Months Ended
(in thousands,
except per share data)  Pro Forma    Pro Forma       GAAP      GAAP
                         Oct. 3,    Adjustments    Oct. 3,   Sept. 27,
                            2003                     2003      2002

Net sales               $150,032        $--        $150,032  $150,673
    Cost of sales         97,425         --          97,425    89,962
    Research and
     development
     expenses             37,924         --          37,924    37,149
    Selling and
     administrative
     expenses             19,494         --          19,494    18,075
    Amortization of
     intangible assets        --      1,076           1,076     1,127
    Impairment and
     restructuring            --     32,023    (a)   32,023     1,419
Operating (loss) income   (4,811)   (33,099)        (37,910)    2,941
Interest expense          (5,553)        --          (5,553)   (4,102)
Other expense, net          (414)        --            (414)     (123)
Loss before income
 taxes                   (10,778)   (33,099)        (43,877)   (1,284)
(Credit) provision for
 income taxes               (950)        --            (950)      199
Net loss                 $(9,828)  $(33,099)       $(42,927)  $(1,483)
Net loss per share,
 basic and diluted        $(0.07)                    $(0.30)   $(0.01)
Weighted average
 shares, basic and
 diluted                 142,498                    142,498   137,464

(a) Impairment and restructuring charges consist primarily of a write-
 down of assets related to the company's infrastructure business and
 certain restructuring charges.

Although the pro forma presentation is not intended to present results
 of operations in accordance with GAAP, the company believes this
 information is useful in understanding the results of operations.
 Therefore, Skyworks provides this supplemental information to enable
 investors to perform additional comparisons of operating results and
 as a means to provide additional insight into the company's ongoing
 operations.


(unaudited)                        Twelve Months Ended
(in thousands,       Pro Forma     Pro Forma        GAAP       GAAP
except per            Oct. 3,     Adjustments     Oct. 3,   Sept. 27,
share data)            2003                        2003       2002

Net sales             $617,789         $--        $617,789   $457,769
   Cost of sales       385,270      (4,805)  (a)   380,465    331,608
   Research and
    development
    expenses           151,762          --         151,762    132,603
   Selling and
    administrative
    expenses            77,590       5,102   (b)    82,692     50,178
   Amortization of
    intangible
    assets                  --       4,386           4,386     12,929
   Purchased in-
    process
    research
    and development         --          --              --     65,500
   Impairment and
    restructuring           --      32,023   (c)    32,023    116,321
Operating income
 (loss)                  3,167     (36,706)        (33,539)  (251,370)
Interest expense       (21,403)         --         (21,403)    (4,227)
Other income
 (expense), net          1,317          --           1,317        (56)
Loss before income
 taxes                 (16,919)    (36,706)        (53,625)  (255,653)
Provision (credit)
 for income taxes          652          --             652    (19,589)
Loss before
 cumulative effect
 of change in
 accounting
 principle            $(17,571)   $(36,706)       $(54,277) $(236,064)
Cumulative effect
 of change in
 accounting
 principle                 $--    $397,139   (d) $(397,139)       $--
Net loss              $(17,571)  $(433,845)      $(451,416) $(236,064)
Loss per share
 before cumulative
 effect of change
 in accounting
 principle, basic
 and diluted            $(0.13)                     $(0.39)    $(1.72)
Cumulative effect
 of change in
 accounting
 principle per
 share, basic and
 diluted                   $--                      $(2.85)       $--
Net loss per share,
 basic and diluted      $(0.13)                     $(3.24)    $(1.72)
Weighted average
 shares, basic and
 diluted               139,376                     139,376    137,416

(a) Represents a change in the estimate of certain merger-related
 reserves.

(b) Represents certain costs incurred to implement consolidations.

(c) Impairment and restructuring charges consist primarily of a write-
 down of assets related to the company's infrastructure business and
 certain restructuring charges.

(d) The company has adopted SFAS No. 142, "Goodwill and Other
 Intangible Assets."  As a result of the adoption of SFAS No. 142, the
 company was required to evaluate for impairment goodwill and
 intangible assets that have indefinite lives.  Based on this
 evaluation, the company determined that its goodwill was impaired.
 The amount of this impairment charge was $397.1 million.


SKYWORKS SOLUTIONS, INC.
CONSOLIDATED BALANCE SHEETS
-------------------
(unaudited)              Oct. 3,    Sept 27,
(in thousands)            2003        2002

Assets
   Current assets:
       Cash, cash
        equivalents
        and short-
        term
        investments   $170,806     $53,358
       Accounts
        receivable,
        net            144,267      94,425
       Inventories      58,168      55,643
       Prepaid
        expenses
        and other
        current
        assets          12,854      23,970
   Property, plant
    and equipment,
    net                127,765     143,773
   Goodwill and
    intangible
    assets, net (d)    527,695     940,686
   Other assets         49,113      35,057

      Total assets  $1,090,668  $1,346,912

Liabilities and Equity
    Current
     liabilities:
      Short-term
       debt            $41,681        $129
      Accounts
       payable          50,369      45,350
      Accrued
       liabilities
       and other
       current
       liabilities      44,766     102,148
    Long-term debt     275,000     180,039
    Other long-term
     liabilities         5,677       4,270
    Stockholders'
     equity            673,175   1,014,976

       Total

        liabilities
        and equity  $1,090,668  $1,346,912