New York, May 23, 2026, 10:01 EDT
Skyworks Solutions shares jumped Friday, ending the session up 12.08% at $82.42. U.S. stock markets closed for the weekend and will be shut Monday for Memorial Day. Trading on the Nasdaq starts again Tuesday.
Timing is a factor. Investors now face a three-day break to digest a strong move into the close, a new debt action linked to Skyworks’ Qorvo tie-up, and wait for the next test of demand for phone chips.
Skyworks shares are trading with more than its own earnings news in play. The stock is caught up in a larger move across mobile and radio-frequency chip stocks. RF describes the circuitry that lets devices send and get wireless signals.
Qorvo jumped 8.9% Friday while Qualcomm was up 11.6%. The iShares Semiconductor ETF, which tracks chip stocks, added 2.4%. The competitive tape stayed firm.
Skyworks shares traded in a range this week, closing Monday at $70.35, staying flat on Tuesday. The stock moved up Wednesday to $74.35, then dipped to $73.54 Thursday. On Friday it finished sharply higher at $82.42, according to LSEG market data.
Skyworks on Wednesday launched exchange offers for Qorvo’s 4.375% notes due 2029 and 3.375% notes due 2031. With the offer, bondholders can swap Qorvo’s notes for new Skyworks notes. Skyworks also wants consent to amend some of the Qorvo bond terms.
An SEC filing out the same day included audited Qorvo financials and pro forma figures for the combined business, adding fresh numbers for investors modeling the merger. The deal, announced in October, pays Qorvo holders $32.50 in cash and 0.960 Skyworks share per Qorvo share. After the merger, Skyworks holders should end up with around 63% of the combined company.
Skyworks is still trading off its May 5 earnings report. The company gave a revenue outlook of $900 million to $950 million for the fiscal third quarter, topping the LSEG analyst consensus of $861.3 million, Reuters said. CEO Phil Brace said, “Mobile outperformed expectations.” He added that Broad Markets demand was supported by Wi-Fi, data center and automotive. Reuters
Brace told investors Skyworks landed what he called a “significant, multi-generational design win” with a top Android equipment maker, saying the customer picked its part for use in future products and targeted revenue is more than $1 billion through 2030. CFO Philip Carter said Skyworks’ biggest customer made up about 60% of second-quarter revenue. Mobile brought in 58% of sales and Broad Markets 42%.
Risks aren’t far off. Skyworks said the Qorvo deal could get pushed back or fall through if regulators or other closing hurdles trip it up. The company also said Apple made up 67% of its projected fiscal 2025 sales, and losing big customers could hit earnings. A harder look from regulators, weaker high-end phone sales, or shifts in demand could all threaten Friday’s gains.
Short week but there’s activity. Skyworks will trade ex-dividend on Tuesday, taking $0.71 per share off for the June 16 payout. Anyone buying on or after Tuesday won’t get that declared dividend.
