The Phase II SAMR review is a known regulatory step, but management's expressed optimism for a late 2026 close (vs. early 2027 guidance) is incrementally positive for deal certainty. Monitor SAMR developments and any further 425 filings for regulatory updates or timeline changes.
Price Chart
Executive Summary
Skyworks Solutions filed a 425 communication excerpting its Q2 FY2026 earnings call, updating the status of its pending combination with Qorvo. The deal has entered Phase II of China's SAMR antitrust review, and while formal guidance still targets an early 2027 close, management expressed increased hope for a late 2026 closing. Skyworks also disclosed it supported Qorvo's $400 million share repurchase during the quarter under the merger agreement's operating covenants.
Key Financial Metrics
Key Facts
- Skyworks-Qorvo combination has entered Phase II of China SAMR antitrust review.
- Formal guidance remains early calendar 2027 close, but management is 'increasingly hopeful' for late 2026.
- Skyworks reaffirmed confidence in realizing $500 million or more in anticipated synergies.
- Skyworks supported Qorvo's $400 million share repurchase during the quarter under merger agreement covenants.
- Registration statement on Form S-4 was declared effective December 23, 2025; joint proxy/prospectus mailed same date.
Financial Impact
No new financial figures disclosed; synergy target remains $500M+; Qorvo executed $400M buyback supported by Skyworks.
Risk Factors
- Phase II SAMR review could extend or result in conditions that delay or alter deal terms.
- Integration risk remains; $500M+ synergy target is aspirational and not yet quantified in financials.
- Any adverse regulatory outcome could scuttle or materially delay the transaction.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 425 Filing (Primary) | 0001104659-26-055835 |
| Document: 0001104659-26-055835-index-headers.html | 0001104659-26-055835 |
| Document: 0001104659-26-055835-index.html | 0001104659-26-055835 |
| Document: 0001104659-26-055835.txt | 0001104659-26-055835 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 18d ago | 144 | $107.98 $117.21 | ▲ +8.55% | ▲ +8.44% | $113.08 (+4.72%) |
Sep 11, 2026 21d ago | 425 | $116.65 $117.18 | ▲ +0.45% | ▲ +0.68% | $113.08 (−3.06%) |
Sep 3, 2026 29d ago | Insider Cluster | $100.38 $116.65 | ▲ +16.21% | ▲ +17.36% | $113.08 (+12.65%) |
Sep 2, 2026 29d ago | 144 | $100.38 $116.65 | ▲ +16.21% | ▲ +17.36% | $113.08 (+12.65%) |
Sep 2, 2026 4w ago | 144 | $100.16 $112.36 | ▲ +12.19% | ▲ +13.14% | $113.08 (+12.90%) |
Sep 2, 2026 4w ago | 425 | $100.16 $112.36 | ▲ +12.19% | ▲ +13.14% | $113.08 (+12.90%) |
Aug 18, 2026 6w ago | Insider Cluster | $95.37 $94.34 | ▲ +1.07% | ▲ +0.87% | $113.08 (−18.58%) |
Aug 10, 2026 7w ago | 425 | $96.68 $95.37 | ▼ −1.36% | ▼ −0.96% | $113.08 (+16.96%) |
Aug 3, 2026 8w ago | 425 | $89.49 $97.00 | ▲ +8.39% | ▲ +6.36% | $113.08 (+26.36%) |
Jul 15, 2026 11w ago | Press Release | $83.50 $86.73 | ▲ +3.87% | ▲ +5.54% | $113.08 (+35.43%) |
US Market Status
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