Semiconductors
In fiscal Q3 2026 (quarter ended July 3, 2026), Skyworks reported net revenue of $934.8M, down 3.1% year-over-year, with net income margin compressing to 3.6% from 10.9% due to lower gross margin, higher R&D/SG&A spend, and elevated restructuring/transaction charges tied to the pending Qorvo merger.
Key risk: Qorvo Merger Regulatory and Closing Uncertainty
The pending $22.0 billion merger with Qorvo remains subject to FTC review under a Second Request issued February 5, 2026, and other regulatory approvals; there can be no assurance the closing will occur on the anticipated timeline. Termination fees of up to $298.7 million (or $100.0 million under certain antitrust-related circumstances) could be payable if the deal fails to close.
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