Qorvo stock falls 1.71 percent as merger deadline moves

Published on 09/28/2026 at 17:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Qorvo stock traded at USD 115.95 on September 28, 2026, below its USD 121.09 52-week high. Fiscal 2027 first-quarter revenue reached USD 784.79 million.

HF-Halbleiterchip auf grüner Platine mit Golddrähten, fotorealistische Nahaufnahme — Qorvo Inc. (US74736K1016) stellt HF-Chips her, hier fotorealistisch auf einer Platine montiert dargestellt, Illustration mit AI erstellt.

Qorvo (ISIN US74736K1016) was trading at USD 115.95 on Nasdaq at 11:29 a.m. ET on September 28, 2026, down 1.71 percent from the USD 117.97 prior close. The immediate corporate catalyst is Skyworks Solutions' planned merger and its extended exchange offer for Qorvo's senior notes.

Merger deadline moves to October

As StockTitan reported on September 25, 2026, Skyworks extended the exchange offer expiration and withdrawal deadline to 5:00 p.m. ET on October 2, 2026. The offer remains conditional on the merger closing, and the filing states that Skyworks cannot waive that condition.

Bondholder participation gives the transaction a measurable milestone. By September 25, holders had tendered USD 779.25 million, or 91.68 percent, of the USD 850.00 million 2029 notes and USD 653.33 million, or 93.33 percent, of the USD 700.00 million 2031 notes.

Results beat estimates but revenue falls

Qorvo's fiscal 2027 first-quarter results, released on July 28, 2026, showed adjusted EPS of USD 1.64 versus USD 1.11 consensus, a USD 0.53 beat. Revenue was USD 784.79 million against USD 743.28 million expected, but declined 4.20 percent year over year, according to MarketBeat.

The earnings mix leaves investors weighing execution against transaction timing. Qorvo's latest quarter produced USD 85.80 million in consolidated net income, while the company held USD 1.33 billion in cash at June 27, 2026.

Analyst target trails market price

MarketBeat reported that UBS raised its Qorvo price target from USD 91.00 to USD 96.00 and assigned a Buy rating on July 29, 2026. Citigroup cut its target from USD 100.00 to USD 95.00 and issued a Neutral rating on the same date.

The broader consensus remained Hold with an average target of USD 94.00. That target is USD 21.95 below the Nasdaq price of USD 115.95, making the analyst view a clear counterweight to the merger narrative.

Qorvo stock stays below its yearly high

Qorvo stock's Nasdaq range on September 28, 2026, ran from USD 114.51 to USD 118.41, with volume of 225,477 shares at 11:29 a.m. ET. The USD 115.95 price stood 4.24 percent below the 52-week high of USD 121.09 and 54.76 percent above the low of USD 74.92.