Qorvo, Inc. reported that it entered into new supplemental indentures on June 11, 2026, tied to its pending acquisition by Skyworks Solutions, Inc. The action was disclosed under Form 8-K Item 1.01, “Entry into a Material Definitive Agreement,” and relates to Qorvo’s outstanding senior notes and Skyworks’ exchange offers for those securities. The filing concerns the previously announced two-step merger structure in which Comet Acquisition Corp., a wholly owned subsidiary of Skyworks, would merge with and into Qorvo, with Qorvo surviving as a wholly owned Skyworks subsidiary. Immediately afterward, Qorvo would merge with and into Comet Acquisition II, LLC, another wholly owned Skyworks subsidiary, which would continue as the surviving entity and remain wholly owned by Skyworks. In connection with that transaction, Skyworks is offering to exchange any and all of Qorvo’s outstanding 4.375% Senior Notes due 2029 for up to $850 million aggregate principal amount of new Skyworks 4.375% Senior Notes due 2029. Skyworks is also offering to exchange any and all of Qorvo’s outstanding 3.375% Senior Notes due 2031 for up to $700 million aggregate principal amount of new Skyworks 3.375% Senior Notes due 2031. The exchange offers are being conducted under Skyworks’ Form S-4 registration statement, filed May 20, 2026 and declared effective May 29, 2026, along with the related prospectus/offers to exchange dated May 29, 2026. As part of the exchange process, Skyworks, acting on behalf of Qorvo, solicited consents from holders of both series of Qorvo notes. The requested amendments would modify the governing indentures by eliminating substantially all restrictive covenants, certain affirmative covenants and certain events of default. Qorvo said it had received the required number of consents for each series of notes as of June 11, 2026. Following receipt of those consents, Qorvo entered into two supplemental indentures on June 11, 2026. For the 2029 notes, Qorvo, the applicable guarantors and Computershare Trust Company, N.A., as successor trustee to MUFG Union Bank, N.A., entered into a third supplemental indenture to the 2029 indenture. For the 2031 notes, Qorvo, the applicable guarantors and Computershare Trust Company, N.A., as trustee, entered into a first supplemental indenture to the 2031 indenture. Although both supplemental indentures are now effective and binding agreements among Qorvo, the guarantors and the trustee, the substantive amendments will not become operative immediately. Depending on the specific amendment, they will become operative either immediately before the mergers are completed or immediately upon settlement of the exchange offer for the relevant series of notes. Qorvo also noted that the amendments will cease to be operative if the mergers are not consummated. The practical effect is that Qorvo has secured bondholder approval to streamline or remove many noteholder protections in anticipation of the Skyworks transaction and related debt exchange. This is a common step in merger-related exchange offers, allowing the acquiring company to replace the target’s debt with its own securities while reducing the covenant burden on any legacy notes that remain outstanding.
Stock detail
Qorvo (QRVO) stock price, chart, and key data
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Stock detail
Qorvo
QRVO · XNAS
+$4.42 (+4.94%) past day
$93.90
Overnight $93.66 (-0.26%)
Key metrics
Financials
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Operating income & Operating cash flow
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Total assets & Total liabilities
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Total equity & Shares outstanding
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Day range
$85.10 - $90.20
52-week range
$74.93 - $109.49
Close price
$86.73
Market cap
$7.7B
P/E ratio
25.94
Beta
1.44
Financials
FY2026 Q4Operating income
$129M
Operating cash flow
$276M
EPS
0.32
Shares outstanding
88M
Total assets
$6B
Total equity
$3B
Total liabilities
$2B
About the company
Qorvo, Inc.
Qorvo, Inc. is an American multinational company specializing in products for wireless, wired, and power markets. The company was created by the merger of TriQuint Semiconductor and RF Micro Devices, which was announced in 2014 and completed on January 1, 2015. It trades on Nasdaq under the ticker symbol QRVO. The headquarters for the company originally were in both Hillsboro, Oregon, and Greensboro, North Carolina, but in mid-2016 the company began referring to its North Carolina site as its exclusive headquarters.
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Mean target
$93.56
7
Hold
/ 10
Recent calls
05/08/2026
Mizuho Securities
Vijay Rakesh
Sell · Price target $66.00
05/07/2026
Citi
Atif Malik
Hold · Price target $100
05/07/2026
Argus Research
Unknown Analyst
Hold
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#1Julie Johnson
democrat · House · TX-32
- Sell$1,000 / $8,000 / $15,000
#2Ro Khanna
democrat · House · CA-17
- Sell$1,000 / $8,000 / $15,000
#3Susie Lee
democrat · House · NV-3
- Buy$1,001 / $8,001 / $15,000
#4Donald J Trump
republican · Executive
#5Ashley Moody
republican · Senate · FL
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