Skyworks revenue slips 1% as $22B Qorvo merger faces FTC scrutiny, margins compress

Filed May 5, 2026 · Period ending April 3, 2026 · ~1 min read

Key Changes

• high

  Announced $22B all-stock-and-cash merger with Qorvo (expected early 2027), with $3.05B bridge financing from Goldman Sachs to fund cash consideration; FTC issued Second Request in February extending regulatory review period.

  MD&A: Qorvo merger transaction verify on EDGAR →
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  Q2 revenue fell 1% YoY to $943.7M driven by market share loss at a significant customer, partially offset by Wi-Fi strength; operating margin collapsed to 4.5% from 10.2% prior year.

  MD&A: quarterly revenue performance verify on EDGAR →
• high

  SG&A expenses surged 36% YoY to $119.7M (12.7% of revenue) due to merger-related professional services costs, while R&D spending jumped 14% as company invests in new technologies.

  MD&A: SG&A increase from merger costs verify on EDGAR →