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Get filing alertsStanding Risk Factors
- Securities Litigation (unchanged) — Putative class action filed March 2025 alleging federal securities law violations (motion to dismiss denied May 2026); two derivative actions filed April 2025 alleging breaches of fiduciary duties.
- Ftc Second Request (unchanged) — FTC issued Second Request February 2026 for Qorvo merger, extending HSR waiting period and introducing deeper regulatory review and timing uncertainty.
- Irs Examination (unchanged) — IRS examining fiscal 2024 federal tax return; company notified Q3 FY26 and is in early stages of evaluating scope and potential impact.
SWKS Q3 revenue down 3% on customer share loss; $22B Qorvo merger awaits FTC clearance
Filed July 28, 2026 · Period ending July 3, 2026 · Compared to 10-Q Aug 5, 2025 · ~2 min read
Key Changes
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Revenue declined 3.1% to $934.8M (Q3 FY26 vs Q3 FY25) driven by market share loss at a significant customer, partially offset by automotive and data center product growth. Note: the compared periods contain different numbers of weeks (52-week vs 53-week fiscal years).
MD&A: Revenue drivers verify on EDGAR → -
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$22 billion Qorvo merger announced October 2025 (0.960 SWKS shares + $32.50 cash per Qorvo share). FTC issued Second Request February 2026; both parties certified substantial compliance and are working with FTC staff. Stockholder approvals obtained; companies hope to close within calendar year.
Notes: Qorvo merger transaction verify on EDGAR → -
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Operating cash flow declined 53% to $516.2M (up to $1,500.0 million, nine months FY26 vs FY25), driven by $386.9M working capital outflows (primarily inventory) and lower net income.
MD&A: Operating cash flow verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Source-verified from EDGAR · Narrative written by AI · Jul 29, 2026 · How we verify