Companies · QRVO
Qorvo
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Latest analysis
Updated Nov 3, 2026
Skyworks-Qorvo combination closes October 5, creating a combined RF company guiding $1.85B in December quarter revenue with $500M+ cost synergy target over 24-36 months.
The merger of Skyworks and Qorvo closed October 5, 2026, forming a combined RF platform with pro forma fiscal 2026 revenue of approximately $7.5 billion across smartphone and diversified growth markets segments. The December quarter marks the first combined reporting period, with management guiding $1.8B-$1.9B in revenue and targeting non-GAAP gross margin of 46%-48% as Android exits compress smartphone revenue while defense, data center, and automotive supply constraints limit near-term upside in diversified growth markets. Management has underwritten the deal on $500M+ in annual cost synergies, explicitly deferring revenue synergy characterization pending an engineering innovation cycle.
Tone: bullishRevenue
$3.7B
QRVO 10-K · FY 2026
Employees
5,200
Revenue growth YoY
-1.1%
Headquarters
Greensboro, NC
Profile
QRVO 10-K Item 1 · May 8, 2026Qorvo is a global semiconductor company that designs, develops, manufactures and markets RF, analog mixed signal, power management, and connectivity solutions for wireless, wired and power markets. The company serves six primary end markets — automotive, consumer, defense and aerospace, industrial and enterprise, infrastructure, and mobile — through three reportable segments. A pending merger with Skyworks Solutions, Inc. was announced in October 2025 and is anticipated to close in early calendar year 2027.
Read filing description ↓ Collapse description ↑
Qorvo is a global leader in the development and commercialization of technologies and products for wireless, wired and power markets. We are organized into three operating and reportable segments that align our technologies and applications with customers and end markets: High Performance Analog ('HPA'), Connectivity and Sensors Group ('CSG') and Advanced Cellular Group ('ACG'). HPA is a leading global supplier of radio frequency ('RF'), analog mixed signal and power management solutions. CSG is a leading global supplier of connectivity solutions, with broad expertise spanning ultra-wideband ('UWB'), Matter, Bluetooth Low Energy ('BLE'), Zigbee, Thread, Wi-Fi and cellular solutions for the Internet of Things ('IoT'). ACG is a leading global supplier of advanced cellular solutions for smartphones, wearables, laptops, tablets and other devices. Qorvo serves six primary end markets: automotive, consumer, defense and aerospace, industrial and enterprise, infrastructure and mobile. Our products solve our customers' most complex challenges while enhancing performance, improving efficiency, increasing functionality, enabling new form factors and addressing other critical challenges. Global connectivity trends and the proliferation of more intelligent, data-intensive applications are increasing demand for technologies that efficiently increase data throughput, improve user experiences and enable new methods of human-machine interaction. These and other global macro trends are increasing the demand for our technologies and products. On October 27, 2025, Qorvo entered into an Agreement and Plan of Merger with Skyworks Solutions, Inc.; stockholders of both companies approved the merger on February 11, 2026, and the transaction is anticipated to be completed early in calendar year 2027, subject to required regulatory approvals.
Primary products
- high-power RF amplifiers
- low noise amplifiers (LNAs)
- switches
- limiters
- filters
- phase shifters
Business segments
End markets
Geographies
Named customers
We provide products to our largest end customer, Apple Inc. ('Apple'), through sales to multiple contract manufacturers, which in the aggregate accounted for 50% and 47% of total revenue in fiscal years 2026 and 2025, respectively. Samsung Electronics Co., Ltd. ('Samsung') accounted for 10% of total revenue in both fiscal years 2026 and 2025.
Named competitors
“Many of our current and potential competitors have strong market positions and customer relationships, established patents and other IP and substantial technological capabilities. In some cases, our competitors are also our customers or suppliers.” Competitive position, as stated in the filing
Revenue commentary · FY 2026
Consolidated revenue decreased 1.1% in fiscal 2026 to $3,678.5 million, driven by declines in ACG and CSG, partially offset by an increase in HPA revenue.
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