Skyworks Solutions IncCEO says the $22B Qorvo merger is in final stages and expected to close by year-end, a major M&A event.
Skyworks Solutions shares rose 9.79 percent on Thursday to close at $84.03 as CEO Phil Brace told a Goldman Sachs conference that the company's $22 billion merger with Qorvo is in its final stages and is expected to close by the end of the year. Under the deal terms, Qorvo shareholders will receive $32.50 in cash and 0.960 shares of Skyworks for each share held. On completion, Skyworks shareholders will own approximately 63 percent of the combined company and Qorvo stockholders the remaining 37 percent, with Brace serving as CEO and Qorvo President and CEO Bob Bruggeworth joining the board. The transaction, first announced in October 2025, is expected to create a US-based global leader in high-performance radio frequency, analog and mixed-signal semiconductors with combined pro-forma revenue of approximately $7.7 billion and Adjusted EBITDA of $2.1 billion. The news came alongside Skyworks' third-quarter fiscal 2026 results, which showed net income falling 67.7 percent to $33.9 million from $105 million a year earlier, while net revenues slipped 3.12 percent to $934.8 million from $965 million.
Skyworks Solutions IncCEO says the $22B Qorvo merger is in final stages and expected to close by year-end, a major M&A event.
Qorvo IncQorvo shareholders receive $32.50 cash plus 0.960 Skyworks shares as the $22B merger nears completion, a valuation/M&A event.