Skyworks Solutions (NASDAQ: SWKS) pays out 147.15% of its earnings as dividends, with 29.32% of its float sold short. The stock closed at $76.56 on October 13 and has returned 35.5% over six months. The ratio rose because earnings fell 67.70% last quarter while revenue slipped only 3.10%. The dividend itself did not change. Free cash flow exceeds net income, cash slightly exceeds total debt, and the current ratio is above three. On October 5, Skyworks completed its combination with Qorvo. Management expects at least half a billion dollars in annual cost savings within three years. The stock trades at 13.40 times forward earnings, which requires earnings per share to roughly triple to $5.70. Guidance for the combined company is due with the November results. At the end of Q2 2026, 35 hedge funds held stakes worth about $1.52 billion.

Skyworks has completed its combination with Qorvo, creating a larger US-based semiconductor company focused on radio frequency, power management, and mixed-signal technologies. Former Qorvo shareholders received $32.50 in cash and 0.960 Skyworks shares for each Qorvo share owned. Legacy Skyworks shareholders own approximately 63% of the combined company, with former Qorvo shareholders holding 37%. The combined business operates under the Skyworks name and trades on Nasdaq under the SWKS ticker. The merged company has approximately 8,000 engineers and more than 12,000 issued and pending patents. Skyworks is targeting annualized cost savings of at least $500 million within 24 to 36 months after completion. The transaction is expected to be immediately accretive to Skyworks' non-GAAP earnings per share. Phil Brace continues as chief executive officer, whilst former Qorvo CEO Bob Bruggeworth joined the Skyworks board.

Skyworks Solutions, Inc. acquired Qorvo, Inc. from Starboard Value LP and others. Published on 10/05/2026 at 01:51 pm EDT S&P Capital IQ Skyworks Solutions, Inc. (NasdaqGS:SWKS) entered into an Agreement and Plan of Merger to acquire Qorvo, Inc. (NasdaqGS:QRVO) from Starboard Value LP and others for approximately $10 billion on October 27, 2025. Under the terms of the agreement, Qorvo shareholders will receive $32.50 in cash and 0.960 of a Skyworks common share for each Qorvo share held at the close of the transaction. Upon closing, Skyworks shareholders will own approximately 63 percent of the combined company, while Qorvo shareholders will own approximately 37 percent, on a fully-diluted basis. As of June 30, 2025, Qorvo had revenue of $3.7 billion, operating profit of $0.7 billion and EBITDA of $0.8 billion. Skyworks plans to fund the cash portion of the transaction using a combination of cash on hand and additional financing. Skyworks has obtained senior unsecured bridge term loans of $3,050 million from Goldman Sachs Bank USA. The transaction is not subject to any financing conditions. Buy and sell side termination fee is $298,692,098. Phil Brace will serve as chief executive officer of the combined company; Bob Bruggeworth will join the Board of Directors of the combined company. The combined company's Board of Directors will comprise 11 directors, eight from Skyworks and three from Qorvo. The following executives are expected to report to Brace as of the closing: Philip Carter as Chief Financial Officer and Senior Vice President, Philip Chesley as Senior Vice President and President of High Performance Analog, Kari Durham as Senior Vice President, Human Resources, J.K. Givens as Senior Vice President and General Counsel, Secretary, Yusuf Jamal as Senior Vice President and General Manager of RF and Mixed-Signal Intelligence Solutions, Reza Kasnavi as Executive Vice President, Chief Operations and Technology Officer, Joel King as Senior Vice President and General Manager of Mobile Solutions Business, Todd Lepinski as Senior Vice President, Sales and Marketing and Frank Stewart as Senior Vice President and President of Advanced Cellular. The Boards of Directors of both companies have unanimously approved the transaction and is subject to the receipt of required regulatory approvals, approval of Skyworks shareholders and Qorvo shareholders, the expiration or early termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, the effectiveness of the registration statement and the satisfaction of other customary closing conditions. The transaction is expected to close in early calendar year 2027. The Registration Statement was declared effective on December 23, 2025. On February 5, 2026, Skyworks and Qorvo each received a Request for Additional Information and Documentary Material from the U.S. Federal Trade Commission (?FTC?) in connection with the transaction. As of February 11, 2026, the stockholders of Skyworks Solutions, Inc and Qorvo, Inc have approved the acquisition. As of August 3, 2026, the applicable HSR waiting period has expired, and U.S. Federal Trade Commission allowed the Timing Agreement to expire on August 1, 2026, without taking further action. The transaction is expected to close within the calendar year 2026. As of September 15, 2026, the transaction is expected to close before the end of calendar year 2026. As of September 30, 2026, Skyworks has received all necessary regulatory clearances to proceed with the transaction with Qorvo. The parties expect to close the mergers on or about October 5, 2026, subject to the satisfaction or waiver of the remaining customary closing conditions. Qatalyst Partners, L.P acted as financial advisor, Goldman Sachs & Co. LLC are serving as financial advisors and fairness opinion provider to Skyworks. Qatalyst Partners, L.P. acted as fairness opinion provider to Skyworks. P. Michelle Gasaway, Leila B. Sayegh, Kenton J. King, Steven C. Sunshine and Sonia K. Nijjar of Skadden, Arps, Slate, Meagher & Flom LLP is serving as Skyworks? legal advisor. FGS Global is serving as Skyworks? strategic communications advisor. Centerview Partners LLC is serving as exclusive financial advisor and fairness opinion provider to Qorvo, will receive a fee of $68 million for advisory services and $6 million for opinion rendered. Paul S. Scrivano, Cheryl Chan, Jennifer S. Conway, Charlotte R. Fabiani, Howard Shelanski, Hilary Dengel, Corey M. Goodman of Davis Polk & Wardwell LLP is serving as Qorvo?s legal advisor. Joele Frank, Wilkinson Brimmer Katcher is serving as Qorvo?s strategic communications advisor. Spencer Klein of Morrison & Foerster LLP represented Qatalyst Partners, L.P. as financial advisor. Douglas K. Schnell and Martin W. Korman of Wilson Sonsini Advises Centerview as Financial Advisor to Qorvo. Steve Camahort of Paul Hastings LLP advised Goldman Sachs, a financial advisor to Skyworks. D.F. King & Co., Inc. acted as proxy solicitor to Skyworks and will receive a fee of $0.025 million. Innisfree M&A Incorporated acted as proxy solicitor to Qorvo and will receive a fee of $0.1125 million. Equiniti Trust Company, LLC acted as transfer agent to Skyworks. Wilson Sonsini Goodrich & Rosati, P.C. acted as legal advisor to Centerview Partners LLC. Steve Camahort and Connor MacLeod from Paul Hastings LLP acted as a legal advisor for Skyworks Solutions, Inc. Skyworks Solutions, Inc. (NasdaqGS:SWKS) completed the acquisition of Qorvo, Inc. (NasdaqGS:QRVO) from Starboard Value LP and others on October 5, 2026. (C) S&P Capital IQ - 2026