Qorvo, Inc.

Qorvo, Inc.

Company overview

Qorvo, Inc. develops and supplies technologies and products for wireless, wired and power markets. The company reports results across three segments:

• High Performance Analog (HPA): RF, analog mixed-signal and power management solutions.
• Connectivity and Sensors Group (CSG): connectivity solutions including UWB, Matter, BLE, Zigbee, Thread, Wi‑Fi and cellular; provides multi‑protocol SoCs and UWB solutions for automotive, consumer, industrial and enterprise markets.
• Advanced Cellular Group (ACG): advanced cellular solutions for smartphones, wearables, laptops, tablets and other devices, including highly integrated RF modules, envelope tracking PMICs, antenna tuners, filters and switches.

Qorvo emphasizes R&D across GaAs, GaN, BAW and SAW technologies, packaging and integration, and uses multiple manufacturing processes and packaging technologies with both internal and external partners.

Proposed merger with Skyworks

• On October 27, 2025, Qorvo entered into a merger agreement with Skyworks Solutions, Inc.; the transaction is structured as a two‑step merger via Merger Sub I and Merger Sub II.
• Stockholders of both companies approved the merger on February 11, 2026.
• Consummation is subject to regulatory approvals (antitrust and foreign investment reviews) and other customary closing conditions, with planned completion in early calendar year 2027.
• The merger agreement includes customary no‑shop provisions and potential termination triggers, including a termination fee payable under certain circumstances.
• The company states that a failure or delay in closing could negatively affect stock price, increase costs, distract management, and disrupt relationships with customers and suppliers.

Markets and customers

• Primary end markets: automotive, consumer, defense and aerospace, industrial and enterprise, infrastructure and mobile.
• Apple accounted for 50% of total revenue in fiscal 2026 and 47% in fiscal 2025.
• Samsung accounted for 10% of total revenue in both fiscal 2026 and 2025.
• The two largest end customers together represented approximately 59% of revenue in fiscal 2026 (57% in 2025 and 58% in 2024).

Employees and geography

• As of March 28, 2026, approximately 5,200 full‑ and part‑time employees across 23 countries.
• Regional distribution: about 75% in the Americas, 14% in Europe, and 11% in Asia.
• About 68% of the workforce are in engineering or technician roles.

Intellectual property

• Qorvo holds approximately 2,700 patents with expiration dates from 2026 through 2044.
• The company relies on a mix of patents, trade secrets and licensing, and maintains ongoing patent prosecution and IP enforcement activities.

Manufacturing and facilities

Major owned or operated facilities:

• Hillsboro, Oregon — wafer fabrication (owned)
• Richardson, Texas — wafer fabrication, assembly and test (owned)

Leased facility:

• Nuremberg, Germany — packaging and test

Recent divestitures and relocations:

• Costa Rica facility sold in Q3 fiscal 2026.
• North Carolina fabrication facility sold in Q4 fiscal 2026; a short‑term supply arrangement with the buyer remains while SAW production is transferred to Texas.

Manufacturing strategy includes internal production of differentiated elements, geographic alignment of production with customers and suppliers, and reliance on outsourced partners for other components. Qorvo maintains internal flip‑chip, wire‑bond and wafer‑level packaging capabilities, with some packaging work handled by external partners.

Research, development and product focus

• R&D priorities include advancing GaN and GaAs processes, BAW and SAW filters, and related packaging and integration technologies.
• The company invests in AI and machine learning for design and for software integration in PMICs and SoCs.
• Product focus targets reductions in size, cost and power consumption while increasing performance and functional density.

Revenue drivers and risks

• Design wins, customer behavior and manufacturing yields are critical to revenue.
• The company identifies potential revenue volatility from macroeconomic factors, customer concentration and product life cycles.