Qorvo beats prior guidance and agrees to combine with Skyworks in $22 billion deal
Qorvo released preliminary results for its fiscal 2026 second quarter ended September 27, 2025, with revenue of $1,058.5 million, non-GAAP diluted EPS of $2.22 and non-GAAP gross margin of 49.7%, all above the midpoints of its prior guidance. The same day, Qorvo said it signed a definitive agreement to combine with Skyworks Solutions in a cash-and-stock deal that values the combined enterprise at approximately $22 billion, which would materially change the company's future for shareholders. The quarterly results are preliminary, unaudited and subject to change, and final results are due November 3, 2025.
Key points
- Preliminary revenue of $1,058.5 million, versus prior guidance of $1,025 million plus or minus $50 million.
- Non-GAAP diluted EPS of $2.22 versus prior guidance of $2.00 plus or minus 25 cents; non-GAAP gross margin of 49.7% versus guidance of 48% to 50%.
- GAAP diluted EPS of $1.28, GAAP gross margin of 47.0% and GAAP net income of $119.6 million.
- Definitive agreement with Skyworks Solutions in a cash-and-stock transaction; combined enterprise value of approximately $22 billion as of the October 27, 2025 market close.
The filing
Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 28, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.