Qorvo stock gained 1.75 percent as merger closing nears in October 2026

Published on 10/04/2026 at 22:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Qorvo stock heads into an expected October 5, 2026 merger close after fiscal Q1 2027 EPS reached USD 1.64. Revenue was USD 784.79 million against USD 743.28 million expected.

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Qorvo stock (ISIN US74736K1016) gained 1.75 percent to USD 114.17 on Nasdaq on October 2, 2026, leaving the shares 5.71 percent below their 52-week high of USD 121.09. The immediate company catalyst is Skyworks Solutions' expected October 5, 2026 closing date for its cash-and-stock combination with Qorvo.

Merger reaches closing stage

According to Skyworks Solutions on September 30, 2026, the companies received all necessary regulatory clearances for the proposed combination. Skyworks expects the mergers to close on October 5, 2026, subject to the satisfaction or waiver of customary closing conditions.

The transaction combines Qorvo's radio-frequency semiconductor portfolio with Skyworks' analog and mixed-signal products. The release also states that the deal is structured as a cash-and-stock transaction, while the related exchange offers for Qorvo notes depend on the merger closing.

Quarterly earnings beat estimates

Qorvo's latest reported quarter was fiscal Q1 2027, ending June 27, 2026. MarketBeat reports quarterly EPS of USD 1.64 against USD 1.11 consensus, a USD 0.53 beat, while revenue reached USD 784.79 million versus USD 743.28 million expected. Revenue still declined 4.2 percent year over year, making the earnings improvement more important than the top-line result for the investment case.

Qorvo's fiscal Q1 2027 operating margin was 12 percent, and net income was USD 85.802 million. Cash and cash equivalents stood at USD 1.328943 billion at the quarter's end, according to the period figures reported for June 27, 2026.

Analysts remain below the market

MarketBeat lists a Hold consensus from 18 brokerages, including 14 Hold ratings, three Buy ratings and one Sell rating. The average 12-month price target is USD 94.00, below the USD 114.17 Nasdaq price on October 2, 2026.

That gap puts the merger timetable at the center of the stock story. Qorvo's earnings beat provides operating support, but the 4.2 percent year-over-year revenue decline and the conditions attached to the transaction remain material checkpoints.

Qorvo stock stays below yearly high

Qorvo stock was last at USD 114.17 on Nasdaq on October 2, 2026 at 4:00 p.m. ET. Its 52-week range was USD 58.23 to USD 121.09, while market capitalization was USD 10.1 billion and volume was 8,341,594 shares on the same date.