Citable filing context

SWKS filing events and research context

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SWKS's research view summarizes recent SEC filing context, starting with acquisition from Sep 30, 2026.

SWKS filing events and research context
FiledItemContext
Sep 30, 2026acquisitionSkyworks received all regulatory clearances for its proposed merger with Qorvo, expected to close around October 5, 2026.
Sep 2, 2026debt_offeringSkyworks extended its exchange offers for up to $1.55 billion of Qorvo's senior notes to September 11, 2026.
Aug 10, 2026debt_offeringSkyworks Solutions issued $2.0 billion in senior notes to finance the $3.0 billion acquisition of Qorvo, Inc.
Jul 28, 2026Guidance: non_gaap_diluted_epsnot reported to not reported
Jul 28, 2026Guidance: revenue1010.00 to 1060.00
Feb 3, 2026Guidance: non_gaap_diluted_epsnot reported to not reported
Jul 28, 2026mda_quarterlySkyworks Solutions reported net revenue of $934.8 million for the quarter ended July 3, 2026, a 3.1% decline from the prior-year period. This contraction was primarily driven by a loss of market share at a significant customer, though this was partially mitigated by increased demand for automotive, data center, and Wi-Fi products. Gross profit margin compressed to 40.1% from 41.6% due to an unfavorable product mix, while operating income fell significantly to 5.2% of revenue, impacted by higher research and development spending and restructuring charges related to facility consolidations. The company is currently navigating a pending $22 billion cash-and-stock merger with Qorvo. Both companies have received and certified compliance with a "Second Request" from the FTC, and stockholders have already approved the transaction. Skyworks has secured $1.5 billion in bridge financing and is actively managing the exchange of Qorvo’s senior notes. Liquidity remains a focus, with cash and marketable securities declining to $813.8 million, largely due to $500 million in debt repayments, $106.9 million in dividends, and $87.1 million in capital expenditures. Management maintains that existing cash, operational cash flow, and a $750 million undrawn revolving credit facility are sufficient to meet ongoing capital requirements.
May 5, 2026mda_quarterlyNet revenue for the three months ended April 3, 2026, decreased 1.0% to $943.7 million, primarily driven by a loss of market share at a significant customer, partially offset by increased demand for Wi-Fi products. Gross profit declined 1.6% to $385.3 million, reflecting an unfavorable product mix despite higher unit volumes. Operating expenses increased as R&D spending rose to support new technology development and SG&A costs climbed due to professional fees associated with the pending Qorvo merger. Skyworks is executing a $22 billion cash-and-stock merger with Qorvo, anticipated to close in early 2027. Although stockholders approved the deal in February 2026, the U.S. Federal Trade Commission issued a Second Request for information, extending the regulatory review period. To finance the transaction, the company secured a $1.5 billion senior unsecured bridge loan commitment from Goldman Sachs. As of April 3, 2026, liquidity stood at $1.44 billion in cash and marketable securities. Quarterly cash outflows were driven by $106.8 million in dividend payments and $82.3 million in capital expenditures, while operating cash flow contributed $50.3 million.

Source: SEC EDGAR filing text and events; period Sep 30, 2026; filed Sep 30, 2026.

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