Skyworks Upgraded to Buy Following Completion of Qorvo Merger

Key Facts

1B. Riley upgraded Skyworks Solutions from Neutral to Buy with the stock trading at $83.91.

2The strategic merger between Skyworks and Qorvo officially closed on October 5, 2026.

3The company anticipates achieving at least $500 million in annual cost synergies from integrating operations.

B. Riley upgraded Skyworks Solutions from Neutral to Buy with the stock trading at $83.91, according to Financial Modeling Prep. The upgrade followed the official closing of the company's strategic merger with Qorvo on October 5, 2026. Management anticipates achieving at least $500 million in annual cost synergies by integrating operations and eliminating overlapping expenses.

SWKS closed at $83.91 on October 5, 2026, the same day the transaction finalized, leaving former Skyworks shareholders with approximately 63% of the combined entity. Meanwhile, QRVO closed at $114.17 on October 2, 2026; under the merger terms, Qorvo shareholders received $32.50 in cash and 0.96 Skyworks shares for each share held.