Nov 3, 4:04 PM ET
Skyworks reported fiscal fourth-quarter 2026 results for the period ended October 2, 2026, with revenue of $1,045.7 million, down from $1,100.2 million a year earlier, and GAAP diluted EPS of $0.15 versus $0.94. The company completed its Qorvo combination after the quarter ended, and its December-quarter revenue outlook of $1.80 billion to $1.90 billion, with non-GAAP EPS of $1.25 at the midpoint, is the first guidance for the combined company. Shareholders face lower reported profit and a larger share count and interest cost ahead, with the company targeting $500 million or more in annual cost synergies within 24 to 36 months of close.
- Q4 revenue $1,045.7 million vs $1,100.2 million a year earlier; non-GAAP diluted EPS $1.28 vs $1.76
- Fiscal 2026 revenue $3.96 billion vs $4.09 billion; GAAP diluted EPS $1.14 vs $3.08
- December-quarter revenue outlook $1.80 billion to $1.90 billion; non-GAAP EPS of $1.25 at midpoint on about 241 million diluted shares
- Restructuring, impairment and other charges of $82.1 million in the fourth quarter
Read the filing on SEC.gov ↗
Oct 7, 4:12 PM ET
On October 7, 2026, Skyworks completed exchange offers for Qorvo senior notes due 2029 and 2031, issuing new Skyworks notes with matching coupon rates and maturity years in exchange. Skyworks issued $778,096,000 of new 2029 notes and $646,805,000 of new 2031 notes, so these become direct senior unsecured obligations of Skyworks. The filing does not state the effect of the exchange on Skyworks' total debt or interest costs.
- Accepted and retired $779,384,000 of 4.375% 2029 Qorvo Notes and $647,096,000 of 3.375% 2031 Qorvo Notes; $70,616,000 and $52,904,000 remain outstanding.
- Issued $778,096,000 of 4.375% New 2029 Skyworks Notes maturing October 15, 2029, and $646,805,000 of 3.375% New 2031 Skyworks Notes maturing April 1, 2031.
- Exchange offers expired at 5:00 p.m. New York City time on October 5, 2026, and the notes are governed by an indenture dated August 10, 2026 with U.S. Bank Trust Company, National Association.
- The new notes are senior unsecured obligations of Skyworks and are structurally subordinated to all obligations of its subsidiaries.
Read the filing on SEC.gov ↗
Oct 5, 8:43 AM ET
Skyworks completed its combination with Qorvo on October 5, 2026. Each Qorvo share was converted into 0.960 Skyworks shares plus $32.50 in cash, and Skyworks says the deal is immediately accretive to non-GAAP EPS and expects $500 million or more in annualized cost synergies within 24 to 36 months. Shareholders face a larger share count and new debt, since Skyworks issued $2.0 billion of senior notes in August to fund the cash portion.
- Qorvo holders receive 0.960 Skyworks shares and $32.50 in cash for each Qorvo share.
- Legacy Skyworks shareholders own about 63% of the combined company and legacy Qorvo shareholders about 37%, on a fully diluted basis.
- Skyworks notes issued August 10, 2026: $800 million due 2028, $600 million due 2032 and $600 million due 2036, used to finance the cash consideration.
- Skyworks board expands to 11 directors; General Counsel Robert Terry's last day is October 5, 2026, and Jason K. Givens becomes SVP and General Counsel.
Read the filing on SEC.gov ↗
Aug 10, 4:06 PM ET
Skyworks Solutions issued $2.0 billion of senior notes in three tranches due 2028, 2032 and 2036, to help finance about $3.00 billion in cash consideration for its planned acquisition of Qorvo. The 2028 and 2036 notes carry a special mandatory redemption if the Qorvo merger is not completed, which shifts some financing risk back to the company if the deal fails.
- Issued $800 million of 5.000% notes due 2028, $600 million of 5.750% notes due 2032 and $600 million of 6.250% notes due 2036
- Proceeds, together with existing cash, are intended to fund about $3.00 billion in cash consideration for the Qorvo merger
- 2028 and 2036 notes must be redeemed early if the Qorvo merger does not close by 11:59 p.m. Pacific Time on November 3, 2027, or if the company abandons or the merger agreement is terminated
- Notes were issued under an indenture with U.S. Bank Trust Company, National Association, as trustee
Read the filing on SEC.gov ↗
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