News: Microelectronics
29 October 2025
Skyworks and Qorvo announce above-guidance preliminary September-quarter results
In conjunction with announcing on 28 October that they have agreed to merge in a cash-and-stock transaction (valuing the combined firm at $22bn) that is expected to be finalized in early 2027, both Skyworks Solutions and Qorvo have reported preliminary September-quarter financial results exceeding their respective guidance.
For its fiscal second-quarter 2026 (ended 27 September 2025), Qorvo Inc of Greensboro, NC, USA (which provides core technologies and RF solutions for mobile, infrastructure and defense applications) has reported revenue of $1058.5m, compared with its guidance (given on 29 July) of $1025m±$50m.
On a non-GAAP basis, gross margin is 49.7%, near the upper end of the guidance range of 48–50%. Diluted earnings per share is $2.22, near the upper end of the guidance range of $2.00±$0.25.
For its fiscal fourth-quarter 2025 (ended 3 October), Skyworks Solutions Inc of Irvine, CA, USA (which manufactures analog and mixed-signal semiconductors) has reported revenue of $1.1bn, exceeding its guidance (given on 5 August) of $1–1.03bn.
On a non-GAAP basis, operating income is $264m. Diluted earnings per share is $1.76, surpassing the guidance of $1.40. Operating cash flow is $200m and free cash flow is $144m. Skyworks has consequently declared a quarterly dividend of $0.71 per share.
For full-year fiscal 2025, Skyworks’ revenue is $4.09bn. With operating income is $995m, diluted EPS is $5.93. Operating cash flow is $1.30bn and free cash flow is $1.11bn.
Qorvo is announcing full financial results for its fiscal Q2/2026 on 3 November. Skyworks will report its full results for its fiscal Q4/2025 and its business outlook on 4 November.
Skyworks and Qorvo to merge into $7.7bn-revenue RF, analog & mixed-signal semiconductor firm