SWKS · 8-K · 20261005PR113538

Acquisition / Partnership / Divestiture

SKYWORKS SOLUTIONS, INC. · 2026-10-05 · Importance 71 · Surprise 60 · In source text

Skyworks completed its combination with Qorvo on October 5, 2026, creating a U.S.-based semiconductor company with approximately 8,000 engineers and more than 12,000 issued and pending patents. The company expects annualized cost synergies of at least $500 million, to be realized within 24 to 36 months after closing as integration is completed. The combination more than doubles Skyworks’ addressable market and expands its portfolio into physical AI and connected edge, defense and aerospace, data center and networking, and automotive, while strengthening domestic manufacturing. Qorvo shareholders received $32.50 in cash and 0.960 Skyworks shares per Qorvo share; legacy Skyworks and Qorvo shareholders own approximately 63% and 37% of the combined company, respectively.

Key facts

Skyworks expects annualized cost synergies of $500 million or more, to be realized within 24 to 36 months post-close when the companies are fully integrated. source
Skyworks completed its combination with Qorvo on October 5, 2026. source
Bob Bruggeworth, Richard Clemmer, and Chris Koopmans, formerly on the Qorvo board, joined the Skyworks Board of Directors. source
The transaction is expected to be immediately accretive to non-GAAP EPS while maintaining a favorable capital structure. source
Under the merger agreement, Qorvo shareholders are entitled to receive $32.50 in cash and 0.960 of a Skyworks common share for each Qorvo common share they owned. source
The combined company will continue to operate as Skyworks and trade under the SWKS ticker symbol on NASDAQ. source
Legacy Skyworks shareholders own approximately 63% of the combined company and legacy Qorvo shareholders own approximately 37%, on a fully diluted basis. source
Skyworks cited reduced operating flexibility resulting from the substantial additional indebtedness incurred and potentially to be incurred in connection with the Qorvo transactions as a risk. source

Impact estimates

metric	direction	stage	expected	basis
operating_income	positive	committed	—	Skyworks expects annualized cost synergies of $500 million or more, to be realized within 24 to 36 months post-close when the companies…
net_income	positive	committed	—	The transaction is expected to be immediately accretive to non-GAAP EPS while maintaining a favorable capital structure.