Form 10-Q · Quarterly report
Skyworks Solutions 10-Q, filed Jul 28, 2026
- Filed
- CIK
- 0000004127
- Accession no.
- 0000004127-26-000049
Summary
Skyworks Solutions reported net revenue of $934.8 million for the quarter ended July 3, 2026, down 3.1% year over year, and net income equal to 3.6% of revenue as its pending $22.0 billion cash-and-stock merger with Qorvo remains under FTC review. The companies' stockholders approved the transaction in February 2026, and Skyworks said it is increasingly hopeful the merger will close within the calendar year.
Key points
- Skyworks' net revenue fell to $934.8 million in the three months ended July 3, 2026, from $965.0 million a year earlier, partly due to market-share loss at a significant customer.
- Operating income was 5.2% of net revenue for the quarter, down from 11.5% a year earlier; net income was 3.6% of revenue, down from 10.9%.
- Under the Qorvo merger terms, each Qorvo share would convert into 0.960 of a Skyworks share and $32.50 in cash, with Skyworks holders owning about 63% of the combined company on a pro forma basis.
- The FTC issued a Second Request on February 5, 2026; Skyworks and Qorvo certified substantial compliance and are working cooperatively with FTC staff.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 2. MANAGEMENT’S DISCUSSION RESULTS OF OPERATIONS Three and Nine Months Ended July 3, 2026, and June 27, 2025 The following table sets forth the results of our operations expressed as a percentage of net revenue: Three Months Ended Nine Months Ended July 3, 2026 June 27, 2025 July 3, 2026 June 27, 2025 Net revenue 100.0 % 100.0 % 100.0 % 100.0 % Cost of goods sold 59.9 58.4 59.2 58.7 Gross profit 40.1 41.6 40.8 41.3 Operating expenses: Research and development 22.2 20.7 21.4 18.8 Selling, general, and administrative 10.6 9.2 11.2 8.7 Amortization of intangibles — — — — Restructuring, impairment, and other charges 2.1 0.2 1.5 0.8 Total operating expenses 34.9 30.1 34.1 28.3 Operating…
An excerpt of the text as filed with the SEC, cut for length.
Readster writes AI-generated summaries of public filings for research purposes only. Summaries can be incomplete or wrong — check the original filing on SEC.gov before relying on it. Nothing here is investment, legal or medical advice.