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Skyworks/Qorvo Deal Ahead of Schedule
['Kevin Costelloe', 'Tech Reporter At Orange County Business Journal']
Orange County Business Journal
In the trading session after the results were announced, Skyworks’ shares declined by 5.4% to $61.19 and a $9.2 billion market cap.
Analysts are projecting Skyworks’ fiscal 2026 sales will drop 4% to $3.92 billion, which would be its fourth consecutive yearly decline.
The combination with Qorvo will provide an estimated $7.7 billion in annual revenue and adjusted yearly profit of $2.1 billion, Skyworks said.
Since the deal was announced, Skyworks’ share price has dropped about 24% while Qorvo’s has declined 8.1% in the same period.
Qorvo CEO Bob Bruggeworth will be joining the board of the combined company.