Is Qorvo still an independent company or has it been acquired?

Qorvo signed a definitive merger agreement with Skyworks Solutions on October 28, 2025 to combine into a $22 billion US-based leader. Shareholders of both companies approved the deal in April 2026, and it is expected to close by end of 2026, pending regulatory review.

Is Qorvo profitable in 2026?

Yes. Qorvo reported full fiscal 2026 net income of $339 million, disclosed May 20, 2026 alongside merger-related debt refinancing filings, even as quarterly revenue declined roughly 7 to 8 percent year over year.

Who is Qorvo's biggest competitor?

Broadcom dominates FBAR filter technology and Apple's premium mobile RF content, per Yole Group's October 30, 2025 analysis. Qorvo is also merging with peer Skyworks Solutions, and faces a roughly $175 million annual revenue headwind from Chinese suppliers Maxscend and Vanchip as of May 2026.

Could AI replace Qorvo's engineers or products?

Unlikely for core work: RF chip design and semiconductor manufacturing remain physics-based hardware disciplines requiring fabrication and testing that generative AI cannot substitute wholesale. Qorvo holds DoD Category 1A Trusted Source accreditation and deep GaN/GaAs IP as of 2026, both hard-to-replicate moats.

Qorvo is publicly traded on Nasdaq (QRVO) with no parent company, but as of October 28, 2025 it is the target of a definitive merger with Skyworks Solutions; Starboard Value LP, an approximately 8 percent shareholder, signed a voting agreement supporting the deal.

How dependent is Qorvo on Apple?

Apple represented approximately 41 percent of Qorvo's Q1 FY26 revenue (quarter ended June 28, 2025) per an earnings call transcript, with one industry newsletter citing Apple's broader supply chain at 47 percent of total revenue as of December 2025.

Semiconductor companies · acquisition pending · United States

Qorvo

qorvo.com ↗

Makes RF chips for phones and defense radar, being absorbed into Skyworks.

Losing its protection

Assessed 24 July 2026 · Evidence as of 24 July 2026

The structural protection is eroding.

On the recordSince 24 July 2026 · Checkable from end of 2026 · Every call on the record Checkpoint: Skyworks-Qorvo merger expected to close, pending FTC Second Request review

The call

Qorvo's future now depends on Skyworks closing the merger and finding a place for its people, not on Qorvo standing alone.

Qorvo designs radio frequency chips that go into phones and military radios. The phone chip business is shrinking because Broadcom and Chinese makers like Maxscend are taking customers away, and Qorvo has already cut its workforce almost in half. The defense radio side is harder to replace because the U.S. Department of Defense requires approved suppliers, but that is only a small part of the company. The real question is whether Skyworks will keep Qorvo's business running or fold it into their own operations after the deal closes in late 2026, and how they will treat stock awards for employees who stay.

Why

AI pressure: None apparent. AI datacenter demand for GaN power chips is a small tailwind for defense unit, not a threat to core mobile RF business. Could AI do the core job? Unlikely.

Bigger players: Broadcom. Broadcom already dominates FBAR filters and Apple's premium RF sockets, squeezing Qorvo's largest revenue segment. Could a giant copy it? Probably.

What protects it. DoD Trusted Source accreditation gives its defense and high power business a regulatory barrier rivals can't easily clear.

What would change this call

FTC Second Request outcome on Skyworks-Qorvo deal by end of 2026. Shows whether the merger closes or Qorvo remains standalone in a shrinking market.
Post-close org chart and integration announcement expected Q1 2027. Reveals whether Qorvo teams face redundancy cuts versus Skyworks equivalents.
Apple's share of Qorvo revenue in upcoming quarterly filings. Indicates whether RF content is shifting toward Broadcom or Apple's own silicon.

Key numbers

FY2025 revenue was $3.7 billion (2025-03)
Q1 FY26 revenue fell 7.7% YoY to $818.8M (2025-06-28)
Apple made up about 41% of Q1 FY26 revenue (2025-06-28)

Named risks

FTC Second Request or antitrust action delays or blocks Skyworks merger. Severity: high
Heavy customer concentration with Apple at 41 to 47 percent of revenue. Severity: high
Continued mobile RF share loss to Broadcom and Chinese suppliers Maxscend and Vanchip. Severity: medium
Headcount reduction from 8,700 to 5,200 and discontinued guidance signal operational instability. Severity: medium

Rivals, as read in July 2026

Rival	Direction	Evidence
Broadcom	losing to	Dominant in FBAR filters and Apple premium RF content per Yole Group analysis, 2025-10-30
Maxscend and Vanchip (Chinese suppliers)	losing to	Creating estimated $175M annual revenue headwind for Qorvo in Android market, 2026-05-18
Skyworks Solutions	contesting	Merging via $22B definitive agreement signed 2025-10-28; each holds ~6% global RF share
Qualcomm	losing to	Bundled modem+RF platforms pressuring discrete RF module suppliers in Android phones, 2025-12-02

Questions people ask

Is Qorvo still an independent company or has it been acquired?: Qorvo signed a definitive merger agreement with Skyworks Solutions on October 28, 2025 to combine into a $22 billion US-based leader. Shareholders of both companies approved the deal in April 2026, and it is expected to close by end of 2026, pending regulatory review.
Is Qorvo profitable in 2026?: Yes. Qorvo reported full fiscal 2026 net income of $339 million, disclosed May 20, 2026 alongside merger-related debt refinancing filings, even as quarterly revenue declined roughly 7 to 8 percent year over year.
Who is Qorvo's biggest competitor?: Broadcom dominates FBAR filter technology and Apple's premium mobile RF content, per Yole Group's October 30, 2025 analysis. Qorvo is also merging with peer Skyworks Solutions, and faces a roughly $175 million annual revenue headwind from Chinese suppliers Maxscend and Vanchip as of May 2026.
Could AI replace Qorvo's engineers or products?: Unlikely for core work: RF chip design and semiconductor manufacturing remain physics-based hardware disciplines requiring fabrication and testing that generative AI cannot substitute wholesale. Qorvo holds DoD Category 1A Trusted Source accreditation and deep GaN/GaAs IP as of 2026, both hard-to-replicate moats.
Who owns Qorvo?: Qorvo is publicly traded on Nasdaq (QRVO) with no parent company, but as of October 28, 2025 it is the target of a definitive merger with Skyworks Solutions; Starboard Value LP, an approximately 8 percent shareholder, signed a voting agreement supporting the deal.
How dependent is Qorvo on Apple?: Apple represented approximately 41 percent of Qorvo's Q1 FY26 revenue (quarter ended June 28, 2025) per an earnings call transcript, with one industry newsletter citing Apple's broader supply chain at 47 percent of total revenue as of December 2025.

Timeline

2026-07-23DOJ announces shift to faster, targeted Second Request merger reviews
2026-07-13Northrop Grumman awards Qorvo 2026 Supplier Excellence Award
2026-06-11Skyworks announces early participation results for Qorvo debt exchange offers
2026-05-20Qorvo FY26 net income of $339M disclosed; merger termination fees detailed
2026-05-05Qorvo Q4 FY26 results beat estimates; calls and guidance discontinued
2026-04Qorvo and Skyworks shareholders approve merger in special meetings
2026-02-05FTC issues Second Request on Skyworks-Qorvo merger
2025-10-28Skyworks and Qorvo sign definitive merger agreement valued at $22 billion
2025-07-29Qorvo reports Q1 FY26 revenue of $818.8M, down 7.7% year over year

Revision history

24 July 2026

First assessed. Losing its protection. The text above is fixed as of this date and is not edited afterwards.

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