Skyworks Solutions, Inc. announced on October 5, 2026, that it has successfully completed its previously announced merger with Qorvo, Inc. The transaction was executed pursuant to the Agreement and Plan of Merger dated October 27, 2025, through two-step mergers involving Skyworks subsidiaries. Following the completion, Qorvo has become a wholly owned subsidiary of Skyworks, which will continue to operate under the Skyworks name and trade on the Nasdaq Global Select Market under the ticker symbol SWKS.

Under the terms of the Merger Agreement, each share of Qorvo common stock issued and outstanding immediately prior to the effective time was converted into the right to receive 0.960 shares of Skyworks common stock and $32.50 in cash, subject to applicable withholding taxes. No fractional shares of Skyworks common stock are being issued; instead, cash is paid in lieu of fractional shares. The transaction is expected to be immediately accretive to non-GAAP earnings per share, and the combined company anticipates achieving annualized cost synergies of $500 million or more within 24 to 36 months.

In connection with the closing, Skyworks’ board of directors was expanded to eleven members. The seven Skyworks designees include existing directors Christine King, Alan S. Batey, Eric J. Guerin, Suzanne E. McBride, David P. McGlade, Robert A. Schriesheim, and Maryann Turcke. Three directors designated by Qorvo, Robert A. Bruggeworth, Richard L. Clemmer, and Christopher R. Koopmans, have joined the board. Additionally, Kevin L. Beebe resigned from the Skyworks Board and its committees. Skyworks will file an amendment to this report within four business days to disclose committee appointments for the new directors.

Regarding officer transitions, Robert Terry, Skyworks’ Senior Vice President, General Counsel and Secretary, resigned effective October 5, 2026, and will receive separation benefits. Phil Brace will continue to serve as Chief Executive Officer and President of Skyworks. Skyworks previously issued $800 million in 5.000% Senior Notes due 2028, $600 million in 5.750% Senior Notes due 2032, and $600 million in 6.250% Senior Notes due 2036, with net proceeds used to finance the cash consideration for the merger.