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Stock impact report

Skyworks outlines $500M synergy target through Qorvo merger while projecting Q2 revenue up to $925M [Seeking Alpha]

Qorvo, Inc. (QRVO) 
Last qorvo, inc. earnings: 1/29 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.qorvo.com/investor-relations
Company Research Source: Seeking Alpha
CEO Philip Brace opened the call by addressing the pending combination with Qorvo, emphasizing its "highly strategic and transformative" nature, noting it "brings greater scale, deeper R&D and a broader technology portfolio." Brace stated, "this combination is Quick Insights The Qorvo combination is expected to bring greater scale, deeper R&D, a broader technology portfolio, reduced mobile volatility, enhanced competitiveness, expanded addressable markets including defense and aerospace, and over $500 million in synergies. Broad markets are growing faster than corporate average (up 11% year-over-year), led by edge, IoT, data center, and automotive; mobile remains larger but is expected to decline about 20% sequentially in Q2 due to seasonality, with flat content at the largest customer. Risks include potential offset of content gains by customer mix, pricing pressure from the largest customer (not currently observed), unpredictable seasonality, and industry concerns about com Show less Read more
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