Skyworks completes merger with Qorvo, creating a larger RF semiconductor company
Skyworks Solutions announced the closing of its merger with Qorvo on Oct. 5, 2026. Qorvo shareholders received $32.50 in cash and 0.960 Skyworks shares for each Qorvo share, giving legacy Skyworks owners about 63% of the combined firm and Qorvo owners about 37%. The combined entity will operate under the Skyworks name and ticker SWKS and expects at least $500 million of annual cost synergies within 24‑36 months, with immediate non‑GAAP EPS accretion.
Why it matters
The company says the deal is immediately accretive to non‑GAAP earnings and will generate $500 million‑plus in annual cost savings, which should boost profitability and cash flow for shareholders. Qorvo shareholders now hold cash and Skyworks stock, and the QRVO ticker will be retired, affecting any positions tied to that symbol.
Key facts
- 1The merger closed on Oct. 5, 2026. globenewswire.com
- 2Qorvo shareholders receive $32.50 cash per share plus 0.960 Skyworks shares. globenewswire.com
- 3Legacy Skyworks shareholders own approximately 63% of the combined company; Qorvo shareholders own approximately 37% on a fully diluted basis. globenewswire.com
- 4The combined firm expects $500 million or more in annual cost synergies, to be realized within 24‑36 months. globenewswire.com
- 5The transaction is expected to be immediately accretive to non‑GAAP EPS. globenewswire.com
- 6The combined company will have about 8,000 engineers and more than 12,000 issued and pending patents. globenewswire.com
Summary written by AlphAI from 19 of 19 sources. Not investment advice. Figures are as stated by the linked sources.