SKYWORKS SOLUTIONS, INC.

Skyworks Solutions, Inc. issued $2.0 billion in senior notes across three tranches: $800 million at 5.000% due 2028, $600 million at 5.750% due 2032, and $600 million at 6.250% due 2036. The company intends to use the net proceeds, along with existing cash, to finance the $3.0 billion cash consideration for its acquisition of Qorvo, Inc. The 2028 and 2036 Notes are subject to special mandatory redemption if the Qorvo acquisition is not completed by November 3, 2027, or if the company decides not to pursue it.

Skyworks Solutions, Inc. provided an update on its previously announced merger with Qorvo, Inc. The company confirmed that the Hart-Scott-Rodino Antitrust Improvements Act waiting period has expired, and the U.S. Federal Trade Commission allowed its timing agreement to expire on August 1, 2026, without further action. While foreign investment approvals are complete, the parties are still working with regulatory bodies in China and South Korea. Skyworks is optimistic about closing the transaction within the current calendar year.

Skyworks Solutions, Inc. provided an update on its merger agreement with Qorvo, Inc., initially signed on October 27, 2025. The transaction, which involves Qorvo becoming a wholly-owned subsidiary of Skyworks, received approval from shareholders of both companies on February 11, 2026. Skyworks also commenced exchange offers for Qorvo's outstanding senior notes, with requisite consents already obtained for indenture amendments. The company expressed hope for the merger to close within the calendar year, pending regulatory approvals. Additionally, Qorvo's unaudited Q1 2026 financials were included, showing net income of $85.8 million on revenue of $784.8 million.

Skyworks Solutions announced that its Board of Directors decided to halt quarterly cash dividends going forward, effective July 28, 2026, in light of the pending merger with Qorvo, Inc. The company reported a significant decline in its third-quarter financial results, with net income falling 67.7% to $33.9 million and diluted EPS decreasing 68.6% to $0.22. Additionally, Skyworks terminated its previous stock repurchase program and approved a new one authorizing up to $2.0 billion in share repurchases.

Skyworks Solutions reported solid third fiscal quarter 2026 results, with revenue of $935 million and non-GAAP diluted EPS of $1.08, both above expectations. The company announced significant progress on its pending combination with Qorvo, anticipating a close within the calendar year. In conjunction with the merger, Skyworks is implementing a new capital allocation framework, which includes ceasing quarterly cash dividends and authorizing a new $2.0 billion stock repurchase program through January 2029. The company also provided a positive outlook for the fourth fiscal quarter.

Skyworks Solutions, Inc. and Qorvo, Inc. announced the expected executive leadership team for their combined company, effective upon the successful completion of their pending merger. Phil Brace, current Skyworks CEO, will lead the combined entity as Chief Executive Officer. Bob Bruggeworth, current Qorvo CEO, is expected to join the board of directors post-close. The announcement details key executive appointments, including Philip Carter as CFO, to ensure a smooth transition and integration.

Skyworks Solutions reported solid third fiscal quarter 2026 results with revenue of $935 million and non-GAAP diluted EPS of $1.08, both exceeding expectations. The company provided an optimistic update on the pending Qorvo merger, expecting to close within the calendar year and announcing plans to raise approximately $2 billion in acquisition debt financing. Additionally, Skyworks approved a new capital allocation framework for the combined company, including a new $2 billion stock repurchase program and the discontinuation of quarterly dividends. For the fourth fiscal quarter, Skyworks anticipates revenue between $1,010 million and $1,060 million, with non-GAAP diluted EPS of $1.27 at the mid-point.

Skyworks Solutions, Inc. has launched its new SKY6911x/2x NetSync™ network synchronizer family, designed for AI data centers and high-speed communications infrastructure. These devices integrate advanced synchronization features, including IEEE 1588 PTP and ITU-T Synchronous Ethernet, with ultra-low jitter clock generation to support 224G/448G SerDes interfaces for 800G and 1.6T networking platforms. The solution aims to reduce system complexity and accelerate integration by combining hardware and software functions, with full-featured BGA devices available now and smaller QFN versions expected in early 2027.

Skyworks Solutions, Inc. announced the early participation results for its exchange offers and consent solicitations related to Qorvo, Inc.'s outstanding Senior Notes due 2029 and 2031. A significant portion of both note series was tendered, with 89.42% of the 2029 notes and 93.05% of the 2031 notes validly tendered. The company also confirmed that requisite consents were received to amend the indentures, eliminating restrictive covenants, though these amendments are contingent on the completion of the merger between Skyworks and Qorvo.

Skyworks Solutions announced the results of its exchange offers and consent solicitations for Qorvo's 2029 and 2031 Senior Notes. As of the Early Participation Date, 89.42% of the 2029 Qorvo Notes ($760.095 million) and 93.05% of the 2031 Qorvo Notes ($651.334 million) were validly tendered. Skyworks received the necessary consents to adopt proposed amendments to the indentures governing both series of Qorvo Notes, which will eliminate substantially all restrictive covenants. The amendments will become operative upon the closing of the merger of Qorvo into a Skyworks subsidiary or the settlement of the exchange offer. Eligible holders will receive consent payments of approximately $2.80 and $2.69 per $1,000 principal amount for the 2029 and 2031 notes, respectively. The Exchange Offers are set to expire on September 1, 2026.