Skyworks Solutions (SWKS) Stock Jumps 11% as Merger With Qorvo Nears Close

TLDR

• Skyworks Solutions stock rose 11% to $87.92 on Tuesday, leading the S&P 500 after falling more than 10% on Monday.
• CEO Philip Brace said he is “very confident” the Qorvo merger will close this calendar year, likely by end of September or early October.
• The cash-and-stock deal would create a $22 billion RF semiconductor enterprise.
• The merger has cleared U.S. antitrust review and is awaiting final approval from China’s SAMR.
• Qorvo stock also rose 7.2% to $115.79 on Tuesday, and is up 21% in September.

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Skyworks Solutions stock bounced back hard on Tuesday, rising 11% to $87.92 and topping the S&P 500 after dropping more than 10% the day before during a broad AI-driven market selloff.

Skyworks Solutions, Inc., SWKS

The recovery was fast. Investors wasted little time buying back in, and with good reason. The stock was already up 19% last week and had gained 31% in September heading into Tuesday.

The recent momentum traces back to comments made by CEO Philip Brace at the Goldman Sachs communications and technology conference last Thursday.

Brace said the company is “very confident” the merger with Qorvo will close “this calendar year,” and that both companies are “preparing to close this fiscal year,” which ends September 30. That points to a closing sometime in late September or early October.

The merger, first announced in October 2025, is a cash-and-stock deal that would combine two of Apple’s biggest iPhone component suppliers into a single $22 billion RF, analog, and mixed-signal semiconductor business.

Where the Deal Stands

The companies have already cleared review by U.S. antitrust regulators. The one remaining hurdle is approval from China’s State Administration for Market Regulation.

Once that clears, the deal closes.

Brace has made no secret of his enthusiasm for what the combined company could do. He’s pointed to $500 million in expected synergies and a combined mobile business of around $5.5 billion, alongside a non-mobile segment of roughly $2.5 to $2.6 billion.

He’s also highlighted how little overlap exists between the two companies’ product lines on the handset side. Qorvo brings antenna tuning, envelope tracking, and PMIC technology that Skyworks currently doesn’t have.

Qorvo Also Climbs

Qorvo stock wasn’t left behind. It rose 7.2% to $115.79 on Tuesday after falling 7.4% on Monday. It gained 13% last week and is up 21% in September.

Brace framed the deal around two things: scale and diversification. On scale, the merged company would have more revenue and cost synergies. On diversification, it opens doors to aerospace and defense markets beyond mobile.

“I’m excited about that opportunity,” Brace said, referring to serving customers where the combined RF engineering talent could handle the full front end.

Even with the strong run, SWKS is still down 56% from its record close of $199.66 hit on April 26, 2021. It has gained 39% this year and is up 18% over the past 12 months.