Skyworks-Qorvo merger progresses; Qorvo reports Q1 net income of $85.8M, up from $25.6M YoY

SKYWORKS SOLUTIONS, INC.

Qorvo Q1 FY2027 revenue $784.8M (down 4% YoY), net income $85.8M (up 235% YoY), diluted EPS $0.96.
Merger consideration: 0.960 Skyworks shares + $32.50 cash per Qorvo share; Qorvo holders to own ~37% of combined co.
Merger progress: FTC second request received; stockholders approved; exchange offers for notes launched; company hopeful to close in calendar 2026.
Qorvo incurred $14.9M merger-related costs in Q1; operating income improved to $96.8M from $30.1M YoY.
Pro forma financials filed; combined company balance sheet and operations for nine months ended July 3, 2026.

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