Skyworks Solutions stock gains 2.25 percent as Qorvo deal nears

Published on 10/03/2026 at 22:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Skyworks Solutions stock stood at USD 85.03 on Nasdaq on October 2, 2026. RBC lifted its target from USD 70 to USD 95 on October 1 as the Qorvo closing date approached.

Isometrisches Diagramm der Halbleiterfertigung von Rohsilizium bis zur Platine — Isometrische 3D-Grafik der Halbleiter-Wertschöpfungskette illustriert die Prozesse rund um Skyworks Solutions mit der ISIN US83088M1027, Illustration mit AI erstellt.

Skyworks Solutions stock (ISIN US83088M1027) gained 2.25 percent to USD 85.03 on Nasdaq on October 2, 2026, putting the semiconductor company 8.38 percent below its 52-week high of USD 92.80. The move followed regulatory progress on the planned Qorvo combination and a fresh analyst target increase.

Qorvo closing date approaches

Skyworks said on September 30, 2026, that it had received all necessary regulatory clearances for its cash-and-stock combination with Qorvo. The companies expect the transaction to close on October 5, 2026, subject to customary closing conditions.

The deal brings together two radio-frequency, analog and mixed-signal semiconductor businesses. Skyworks said the related Qorvo note exchanges depend on the merger closing, while the merger itself stands independently of the exchange-offer results.

RBC raises target to USD 95

According to MarketBeat on October 1, 2026, Royal Bank of Canada raised its Skyworks price target from USD 70 to USD 95 and maintained a Sector Perform rating. The same report placed the broader analyst consensus at Hold with an average target of USD 75.32.

The operating backdrop is mixed. Skyworks reported fiscal Q3 2026 revenue of USD 934.8 million, down 3.1 percent year over year, while adjusted EPS of USD 1.08 exceeded the USD 1.03 consensus estimate, according to MarketBeat.

Stock remains below yearly high

Skyworks shares traded between USD 82.08 and USD 86.54 on October 2, 2026, with volume of 8,731,391 shares. The USD 12.8 billion market capitalization and the distance from the yearly high show why the Qorvo closing timetable matters more immediately than a simple earnings beat.

For investors, the central variable is execution after regulatory clearance. The proposed combination still carries customary closing conditions, while RBC's target revision shows how the deal has changed the valuation discussion even as the latest quarter delivered lower revenue.

Skyworks closes at USD 85.03

Skyworks Solutions stock closed at USD 85.03 on Nasdaq on October 2, 2026, up USD 1.87 from the prior close of USD 83.16. The stock's 52-week range was USD 51.93 to USD 92.80, and market capitalization stood at USD 12.8 billion.