MergerMay 8, 2026, 04:18 PM
Qorvo and Skyworks Merger Approved by Stockholders; Expected Early 2027
AI Summary
Qorvo and Skyworks Solutions stockholders approved their merger agreement on February 11, 2026, with completion anticipated in early calendar year 2027, subject to regulatory approvals. The company reported a market value of $7.87 billion for non-affiliate common stock as of September 27, 2025, and 88.01 million shares outstanding as of May 1, 2026. Qorvo also noted significant customer concentration, with Apple accounting for 50% of fiscal 2026 revenue and Samsung 10%, and has been consolidating its manufacturing footprint by selling its North Carolina facility and closing its Costa Rica facility.
Key Highlights
- Merger with Skyworks Solutions approved by stockholders on Feb 11, 2026.
- Merger completion expected early 2027, pending regulatory approvals.
- Non-affiliate common stock market value was $7.87 billion as of Sep 27, 2025.
- 88.01 million common shares outstanding as of May 1, 2026.
- Apple Inc. comprised 50% of total revenue in fiscal year 2026.
- Samsung Electronics comprised 10% of total revenue in fiscal year 2026.
- Sold North Carolina fabrication facility in Q4 fiscal 2026.
- Closed Costa Rica assembly/test facility in Q3 fiscal 2026.