Qorvo stock gains as Skyworks merger confidence lifts sentiment

Published on 09/20/2026 at 16:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Qorvo stock advanced 9.3 percent as of September 16, 2026 after Skyworks’ CEO expressed confidence that their USD 22 billion merger could close by late September or early October. The shares later settled near USD 117 amid a 52-week high of USD 120.76 and mixed post-earnings reactions.

QRVO, US74913G1004, Illustration mit AI erstellt.

Qorvo stock (ISIN US74913G1004) has been buoyed in mid-September, with the shares advancing 9.3 percent on September 16, 2026 after Skyworks Solutions CEO Philip Brace voiced confidence that their planned USD 22 billion merger could close by late September or early October, according to Zacks Investment Research.

Merger outlook drives Qorvo re-rating

The announced combination of Qorvo, Inc. and Skyworks Solutions, Inc., valued at about USD 22 billion, has become the central catalyst for Qorvo stock in September 2026, with investors focusing on potential synergies and scale benefits in radio frequency and connectivity chips, as highlighted by Zacks Investment Research on September 16, 2026.

According to commentary around the deal, Skyworks’ management indicated that the merger could close by late September or early October 2026, which helped push Qorvo shares up 9.3 percent on that day as investors reassessed the group’s combined earnings power and cost synergies, as reported by Zacks Investment Research.

Latest quarterly figures and guidance backdrop

Beyond the merger narrative, Qorvo’s latest reported results show a return to solid earnings growth: for its third quarter of fiscal year 2026, the company delivered earnings per share of USD 2.17 versus market expectations of USD 1.86, a beat of USD 0.31 per share, while revenue reached USD 993 million for that quarter, according to data summarized by Investing.com.

The same overview notes that on a non-GAAP basis Qorvo achieved a gross margin of 49.1 percent in that third fiscal quarter of 2026, underpinned by USD 1.3 billion in cash, operating cash flow of USD 265 million and free cash flow of USD 237 million, illustrating a business that is generating meaningful cash alongside earnings growth, as detailed by Investing.com.

Strategically, Qorvo has been shifting away from its historical exposure to Android handset components and toward higher-margin sectors such as defense and aerospace, with management indicating that these markets are expected to surpass the size of the Android business over time, according to the same Investing.com summary of Q3 fiscal 2026.

Analyst reactions and valuation context

Qorvo’s stronger earnings and pending merger have not eliminated all concerns; following the Q3 fiscal 2026 report, multiple firms lowered their price targets on the stock after the company issued sales guidance for the following quarter that came in below prior estimates, as noted by a post-earnings wrap referenced on StockIQ AI on September 10, 2026.

Despite those more cautious near-term views, at least one quantitative valuation study classifies Qorvo as undervalued: a semiconductor sector screen published on September 19, 2026 lists Qorvo at a last close of USD 117.18 against a modeled fair value of USD 167.48, implying upside of 42.9 percent and a market value of around USD 10.3 billion, according to FairCurve.

For investors, the tension between softer near-term sales guidance and the longer-term merger and diversification story is central: Qorvo’s ability to maintain high-40s gross margins while integrating with Skyworks and expanding in defense and aerospace will likely be key to whether the implied valuation gap highlighted by FairCurve can close.

Stock near its 52-week high ahead of next earnings

Market data show that as of September 18, 2026 Qorvo stock traded at USD 117.18 on its primary listing on Nasdaq, down 1.95 percent from the previous close of USD 119.51, with an intraday range between USD 115.88 and USD 120.76; over the last 52 weeks the shares have moved between a low of USD 74.92 and a high of USD 120.76, placing the current price close to the top of that range, based on Nasdaq price information compiled by Investing.com.

The same dataset indicates that Qorvo’s market capitalization stands around USD 10.3 billion at that USD 117.18 level cited in the FairCurve screen, which uses the same closing price to derive its valuation metrics and ranks Qorvo among the most undervalued semiconductor names on its list as of September 19, 2026, per FairCurve.

Looking ahead, Qorvo is expected to release its next earnings report on November 4, 2026, giving investors a concrete date to watch for updated guidance and integration progress, according to the earnings calendar information presented by Investing.com.