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Skyworks–Qorvo (QRVO) merger structure and pro forma financials outlined

(High)
(Neutral)
Form Type
425

Rhea-AI Filing Summary

Skyworks Solutions, Inc. reports on its pending acquisition of Qorvo, Inc. under an Agreement and Plan of Merger involving two merger subsidiaries. First, Comet Acquisition Corp. will merge with and into Qorvo, with Qorvo surviving; immediately thereafter Qorvo will merge into Comet Acquisition II, LLC, which will remain a wholly owned subsidiary of Skyworks.

The report highlights that unaudited consolidated financial statements of Qorvo as of June 27, 2026 and June 28, 2025, and for the three-month period ended June 27, 2026, are provided as Exhibit 99.1. Exhibit 99.2 includes Skyworks’ unaudited pro forma condensed combined balance sheet as of July 3, 2026 and unaudited pro forma condensed combined statements of operations for the nine-month period ended July 3, 2026, reflecting the Mergers on a pro forma basis.

The company reiterates that this communication is not an offer to sell or solicit securities and references a registration statement on Form S-4 containing Qorvo’s proxy statement and a prospectus for Skyworks common stock to be issued in the Mergers. Investors are directed to review the S-4 and related proxy statement/prospectus and other SEC filings for detailed information about Skyworks, Qorvo, and the transaction.

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Qorvo unaudited periods as of June 27, 2026 and June 28, 2025 Balance sheet dates in Qorvo’s unaudited consolidated financial statements in Exhibit 99.1
Qorvo interim period three-month period ended June 27, 2026 Statement of operations period in Qorvo’s unaudited financials in Exhibit 99.1
Pro forma balance sheet date July 3, 2026 Date of Skyworks’ unaudited pro forma condensed combined balance sheet in Exhibit 99.2
Pro forma operations period nine-month period ended July 3, 2026 Period covered by unaudited pro forma combined statements of operations in Exhibit 99.2
Date of Merger Agreement October 27, 2025 Date Skyworks entered into the Agreement and Plan of Merger with Qorvo
Report date August 3, 2026 Date of the current report on Form 8-K describing the merger-related information
Agreement and Plan of Merger regulatory
"entered into an Agreement and Plan of Merger, as amended, supplemented"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
unaudited pro forma condensed combined balance sheet financial
"the unaudited pro forma condensed combined balance sheet as of July 3, 2026"
proxy statement/prospectus regulatory
"a proxy statement of Qorvo that also constitutes a prospectus for the shares"
A proxy statement or prospectus is a document that companies send to shareholders to provide important information about upcoming decisions or investments, such as voting on company issues or offering new shares to the public. It helps investors understand the details and risks involved, enabling them to make informed choices about their ownership or involvement with the company.
registration statement on Form S-4 regulatory
"the Company has filed with the SEC a registration statement on Form S-4"
A registration statement on Form S-4 is a formal filing with the U.S. Securities and Exchange Commission used when a company issues shares or other securities as part of a merger, acquisition, exchange offer or similar corporate deal. It bundles the transaction terms, financial statements, risk factors and shareholder vote materials so investors can assess the deal; think of it as a detailed prospectus or buyer’s packet that explains what you would own and how the deal could change your stake.
forward-looking statements regulatory
"This report contains forward-looking statements, including statements about the Mergers"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

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FAQ

What merger involving Qorvo (QRVO) is described in this filing?

The filing describes a planned two-step merger in which Qorvo, Inc. will first merge with Comet Acquisition Corp., then into Comet Acquisition II, LLC, leaving Qorvo as an indirect wholly owned subsidiary of Skyworks Solutions.

What financial information about Qorvo (QRVO) is included as exhibits?

Exhibit 99.1 provides Qorvo’s unaudited consolidated financial statements as of June 27, 2026 and June 28, 2025, and for the three-month period ended June 27, 2026, giving investors insight into Qorvo’s recent standalone performance.

How can investors access the S-4 and proxy statement for the Qorvo (QRVO) merger?

Investors can obtain the Form S-4 and proxy statement/prospectus free at www.sec.gov, and also through the investor relations sections of Skyworks’ and Qorvo’s websites or by written request to their investor relations contacts.

Does this communication constitute an offer to sell Skyworks or Qorvo (QRVO) securities?

No. The communication explicitly states it is for informational purposes only and does not constitute an offer to sell or solicit an offer to buy securities; any offer would be made only via a compliant prospectus.

What forward-looking statement cautions are included regarding the Qorvo (QRVO) merger?

The company includes a cautionary statement noting that forward-looking statements about the Mergers and future performance involve risks and uncertainties, and refers investors to Skyworks’ Form 10-K risk factors and other SEC filings.

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

Form 8-K

 

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) 

of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): August 3, 2026

 

 

 

Skyworks Solutions, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-05560   04-2302115
(State or other jurisdiction of
incorporation)
  (Commission File Number)   (IRS Employer Identification No.)

 

5260 California Avenue
Irvine
, CA 92617

(Address of principal executive office) (Zip Code)

 

(949) 231-3000

(Registrant’s telephone number, including area code)

 

Not Applicable

(Former name or former address, if changed since last report)

 

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

x      Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨       Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨       Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨       Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading
Symbol(s)
  Name of each exchange
on which registered
Common Stock, Par Value $0.25 per share   SWKS   Nasdaq Global Select Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

 

Item 8.01 Other Events.

 

On October 27, 2025, Skyworks Solutions, Inc. (the “Company”) entered into an Agreement and Plan of Merger, as amended, supplemented, amended and restated, restated or otherwise modified from time to time, (the “Merger Agreement”), by and among the Company, Qorvo, Inc., a Delaware corporation (“Qorvo”), Comet Acquisition Corp., a Delaware corporation and a wholly owned subsidiary of the Company (“Merger Sub I”), and Comet Acquisition II, LLC, a Delaware limited liability company and a wholly owned subsidiary of the Company (“Merger Sub II”). Pursuant to the Merger Agreement, and subject to the satisfaction or waiver of the conditions specified therein, (i) Merger Sub I will be merged with and into Qorvo (the “First Merger”), with Qorvo surviving the First Merger, and (ii) immediately following the First Merger, and as the second step in a single integrated transaction with the First Merger, Qorvo will be merged with and into Merger Sub II (the “Second Merger” and, together with the First Merger, the “Mergers”), with Merger Sub II as the surviving entity in the Second Merger and a wholly owned subsidiary of the Company. This Form 8-K is being filed in connection with certain transactions related to the Mergers.

 

Item 9.01 Financial Statements and Exhibits.

 

Unaudited Pro Forma Financial Information

 

(a) Financial Statements of Business Acquired.

 

The unaudited consolidated financial statements of Qorvo as of June 27, 2026 and June 28, 2025 and for the three-month period ended June 27, 2026 are attached hereto as Exhibit 99.1 and are incorporated into this Item 9.01(a) by reference.

 

(b) Pro Forma Financial Information.

 

The unaudited pro forma financial information of the Company, including the unaudited pro forma condensed combined balance sheet as of July 3, 2026 and the unaudited pro forma condensed combined statements of operations for the nine-month period ended July 3, 2026, which give effect to the Mergers on the basis described therein, are included in Exhibit 99.2 and incorporated into this Item 9.01(b) by reference.

 

(d)Exhibits

 

Exhibit
No.
  Description
     
99.1   The unaudited consolidated financial statements of Qorvo as of June 27, 2026 and June 28, 2025 and for the three-month period ended June 27, 2026.
     
99.2   The unaudited pro forma condensed combined balance sheet of the Company as of July 3, 2026 and the unaudited pro forma condensed combined statements of operations for the nine-month period ended July 3, 2026.
     
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

No Offer or Solicitation

 

This communication is for informational purposes only and does not constitute, or form a part of, an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, and otherwise in accordance with applicable law.

 

 

 

Cautionary Statement Regarding Forward-Looking Statements

 

This report contains forward-looking statements, including statements about the Mergers, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and are subject to the “safe harbor” created by those sections. Any statements that are not statements of historical fact should be considered to be forward-looking statements. These forward-looking statements include information relating to future events, prospects, expectations and results of Skyworks (e.g., certain projections and business trends, including with respect to future sales and revenue, as well as plans for dividend payments). Words such as “anticipates”, “believes”, “continue”, “could”, “estimates”, “expects”, “forecasts”, “intends”, “may”, “plans”, “potential”, “predicts”, “projects”, “seek”, “should”, “targets”, “will”, “would”, and similar expressions or variations or negatives of such words are intended to identify forward-looking statements, but are not the exclusive means of identifying forward-looking statements in this report. Additionally, statements concerning future matters such as our expectations and statements regarding the transaction with Qorvo, the possible impacts of geopolitical conflicts, tariffs, export controls, inflation, recession, and global health crises, as well as the development of new products, enhancements of technologies, sales levels, expense levels, the benefits of acquisitions we have made or may make in the future, and other statements regarding matters that are not historical are forward-looking statements. Although forward-looking statements in this report reflect the good faith judgment of the Company’s management as of the date the statement is first made, such statements can only be based on facts and factors then known and understood by the Company. Consequently, forward-looking statements involve inherent risks and uncertainties, and actual results and outcomes may differ materially and adversely from the results and outcomes discussed in or anticipated by the forward-looking statements. A number of important factors could cause actual results to differ materially and adversely from those in the forward-looking statements. You should consider the risks and uncertainties discussed in the Company’s Annual Report on Form 10-K for the year ended October 3, 2025, under the heading “Risk Factors” and in the other documents filed by the Company with the SEC in evaluating the Company’s forward-looking statements. The Company has no plans, and undertakes no obligation, to revise or update its forward-looking statements to reflect any event or circumstance that may arise after the date of this report. The Company cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made.

 

Important Information About the Mergers and Where to Find It

 

In connection with the Mergers, the Company has filed with the SEC a registration statement on Form S-4, which includes a proxy statement of Qorvo that also constitutes a prospectus for the shares of Company common stock to be offered in the Mergers (collectively, the “Mergers Registration Statement and Proxy Statement/Prospectus”). Each of the Company and Qorvo may also file other relevant documents with the SEC regarding the Mergers. This communication is not a substitute for the proxy statement/prospectus or registration statement or any other document that the Company or Qorvo may file with the SEC. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE MERGERS REGISTRATION STATEMENT AND PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY, QORVO, THE MERGERS AND RELATED MATTERS. Investors and security holders can obtain free copies of the Mergers Registration Statement and Proxy Statement/Prospectus and other documents containing important information about the Company, Qorvo and the Mergers filed with the SEC through the website maintained by the SEC at www.sec.gov. The documents filed by the Company with the SEC also may be obtained free of charge at the Company’s website at https://www.skyworksinc.com/investors or upon written request to the Company at investor.relations@skyworksinc.com. The documents filed by Qorvo with the SEC also may be obtained free of charge at Qorvo’s website at https://ir.qorvo.com/ or upon written request to Qorvo at investor-relations@qorvo.com.

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

August  3, 2026

 

  Skyworks Solutions, Inc.
   
  By: /s/ Philip Carter
    Name: Philip Carter
    Title: Senior Vice President and Chief Financial Officer