Skyworks Solutions Surges 10%, Qorvo Climbs 6% While Chip Stocks Fall: Is the Merger Finally Clearing?

Skyworks Solutions Surges 10%, Qorvo Climbs 6% While Chip Stocks Fall: Is the Merger Finally Clearing?

David Moadel

Thu, September 10, 2026 at 7:47 PM GMT+3 4 min read

Quick Read

• SWKS surged 9% and QRVO gained 6% as CEO Phil Brace confirmed China's SAMR review hit its final phase, targeting a year-end close.

• SOXX dropped 2% on the same session, isolating the rally as merger-arb repricing, with AAPL the largest customer for both companies post-merger.

• Just released. Our analysts combed the entire stock market and named the ten best stocks to buy right now, and Skyworks Solutions didn't make the cut. Enter your email to see the names that beat SWKS. The report is free. Enter your email and see if any of your stocks made the cut.

Shares of Skyworks Solutions (NASDAQ:SWKS) are up 10% to $84.24 in Thursday midday trade, while Qorvo (NASDAQ:QRVO) stock is climbing 6% to $111.49. The paired rally arrives on a session when the broader chip complex is red, which frames the move as merger-arb repricing driven by transaction odds.

The iShares Semiconductor ETF (NASDAQ:SOXX) is down 2%. Meanwhile, the Invesco QQQ Trust (NASDAQ:QQQ) is off 0.9%, so the divergence between the two RF names and the wider market isn't subtle.

Merger Clearance Optimism Drives the Move

Skyworks and Qorvo agreed last year to combine, and Reuters reported the pair would create a $22 billion radio-frequency chip company at signing. Skyworks shares have climbed 20% over the past month, a run that predates today and points to a steady repricing of closing odds over multiple sessions.

No same-day announcement, regulatory decision, or company disclosure has been published that accounts for this session's move at Skyworks or Qorvo. On the July 28 call, Skyworks CEO Phil Brace stated the company is "optimistic that we can close within the calendar year, and we will be preparing to close as early as within this fiscal year." Management also said the China review has "advanced to phase three with SAMR," which the company described as the final stage of that process.

Free Report, Just Released

Why Didn't SWKS Make The Top 10 List?

24/7 Wall St has helped investors make money for over two decades, and our top analysts just finished ranking the definitive Top 10 Stocks To Buy Now. Not the ten biggest companies. Not the ten everyone is arguing about. The ten best stocks to buy right now.

And SWKS didn't make the cut!

The report is free, and you can see why we think each stock is a top investment today.

Enter Your Email and See the Ten →

Skyworks also disclosed roughly $2 billion of acquisition debt financing, a new $2 billion share repurchase authorization, and the elimination of its quarterly dividend to redirect capital toward buybacks, deleveraging, and opportunistic M&A. Those steps were positioned as preparation to close as early as within the fiscal year.

Peers Diverge From the Rally

Checking in on the peers, Qualcomm (NASDAQ:QCOM) stock is up 2% to $179.16, still holding a bid from its Amazon (NASDAQ:AMZN) AI infrastructure deal earlier this week. That gain isn't rescuing the sector proxy, and SOXX weakness suggests the radio frequency (RF) pair is trading on transaction risk specific to the merger.

Apple (NASDAQ:AAPL) is the largest customer for both Skyworks and Qorvo mobile RF content. That tethers the combined company's revenue to iPhone unit volumes and dollar content per device.

What to Watch Next

No formal SAMR decision has been calendared publicly, so the next confirmed data points come through 8-K filings and any exchange-offer amendments tied to Qorvo's senior notes. Investors could look for signs that either company files a merger-completion disclosure before quarter end.

The paired move has been building for weeks, which is the shape of a transaction grinding toward completion. Investors managing arb exposure may want to keep an eye on whether the SWKS-QRVO spread compresses further into the closing bell.

Got $1,000? Before You Buy SWKS, Read This

If you have cash sitting in your account right now, give this two minutes. After more than two decades of helping investors beat the market, our top analysts at 24/7 Wall St. put together a definitive report on the Top 10 Stocks To Buy Today. And SWKS wasn't one of them.

They combed the entire market. It's not 10 ideas, not 10 stocks everyone is talking about, it's what their research points to as the 10 best stocks to buy right now, and it's free. Read more here and see which stocks made the list -->>

Contact editorial@247wallst.com for any questions or corrections.