Skyworks (SWKS) Stock Pops 10% After CEO Drops Qorvo Merger Timeline

TLDR

• SWKS stock surged 9.79% to close at $84.03, up from a prior close of $76.54
• CEO Phil Brace said at a Goldman Sachs conference the $22B Qorvo merger is in its final stages and expected to close by end of year
• Under the deal, Qorvo shareholders get $32.50 cash plus 0.960 SWKS stock per share; Skyworks shareholders will own ~63% of the combined company
• The merged entity would have combined pro-forma revenue of ~$7.7 billion and Adjusted EBITDA of $2.1 billion
• Q3 net income fell 67.7% year-over-year to $33.9 million, though results beat company expectations

Skyworks Solutions stock jumped 9.79% on Thursday, closing at $84.03, after CEO Phil Brace told attendees at the Goldman Sachs Communacopia and Technology Conference in San Francisco that the company’s planned merger with Qorvo is in the final stages.

Skyworks Solutions, Inc., SWKS

Brace confirmed the deal is expected to close before the end of 2026. The conference appearance was webcast live, scheduled for 2:25 p.m. PDT, and gave management a direct line to investors at a key moment.

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