Skyworks Files Pro Forma Financials for $8.4B Qorvo Merger, Including Qorvo's Latest Quarterly Results
SWKS sits 21% above its 52-week low of $51.93.
Summary
Skyworks Solutions filed unaudited pro forma financial statements for its acquisition of Qorvo, including Qorvo's latest quarterly results, providing a detailed financial outlook for the combined company.
Key Events · M&A and Partnerships · SWKS
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Qorvo Q1 FY27 Financials Disclosed
The filing includes Qorvo's unaudited consolidated financial statements for the three months ended June 27, 2026, reporting $784.8 million in revenue and $85.8 million in net income.
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Pro Forma Combined Financials Released
Skyworks filed unaudited pro forma condensed combined financial statements, integrating Qorvo's financials as of July 3, 2026, and for the nine months ended July 3, 2026, and twelve months ended October 3, 2025. The pro forma combined net revenue was $5.5 billion for the nine months ended July 3, 2026.
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Merger Terms Reaffirmed
The filing reiterates the terms of the Qorvo acquisition, including the exchange ratio of 0.960 Skyworks shares plus $32.50 cash per Qorvo share, with an estimated total merger consideration of $8.433 billion.
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Regulatory Approval Update
The company remains hopeful the merger will close within the calendar year, subject to satisfaction or waiver of all closing conditions, including required regulatory approvals.
Analysis · SWKS · Manufacturing
This filing provides the first detailed look at the combined financial performance of Skyworks and Qorvo, a critical update for investors to assess the financial impact of the $8.4 billion acquisition. The unaudited pro forma statements allow for a more accurate understanding of the combined entity's revenue, expenses, and profitability, which is essential for financial modeling and investment decisions as the merger approaches completion.
At the time of this filing, SWKS was trading at $62.81 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $9.4B. The 52-week trading range was $51.93 to $90.90. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.