Skyworks has put a number on what it is paying for Qorvo, and roughly half of the $8.43bn is goodwill
Half of what Skyworks is paying for Qorvo will land on the balance sheet as goodwill.
That is the arithmetic in the unaudited pro forma statements the company furnished before the open on Monday, alongside Qorvo's own unaudited financials for the quarter ended 27 June. Skyworks estimates total merger consideration of $8,433m. Against it, $4,277m of identifiable net assets. The difference, $4,156m, is estimated goodwill, which is 49.3 percent of the price.
The two companies agreed the deal on 27 October 2025. It is structured as two mergers in a single integrated transaction, with Qorvo surviving the first and then merging into a Skyworks subsidiary in the second.
Where the $8.43bn comes from
Each Qorvo share receives $32.50 in cash and 0.960 of a Skyworks share. On an estimated 88,221,633 Qorvo shares outstanding as of 21 July, that produces $2,867m of cash and $5,478m of stock, with a further $88m for assumed equity awards attributable to service already performed.
The stock is priced at $64.68, the Skyworks closing price on 28 July. That price is a placeholder and the filing says so. The actual consideration will be set by where Skyworks trades at the effective time, and the exhibit puts a figure on the sensitivity: a 10 percent move either way changes total consideration by about $557m, and moves estimated goodwill by the same amount.
Of the identifiable assets, the largest single line is $3,643m of intangibles. Skyworks also picks up $1,329m of cash and assumes $1,447m of long-term debt. The valuation behind all of it was performed as of 3 July and the company describes the whole allocation as preliminary.
The debt
The pro forma statements assume $2,000m of new borrowing to fund part of the cash consideration, at an assumed 6 percent, with $13m of issuance costs. A quarter of an eighth of a point either way moves the annual interest bill by $3m.
There is a cheaper path in the same footnote. If Skyworks accumulates $1bn of cash before closing and borrows that much less, estimated annual interest expense falls by $60m.
Separately, Skyworks has offered to exchange each series of Qorvo's outstanding senior notes for newly issued Skyworks notes on substantially similar terms, and has solicited consents to amend the indentures governing them. The pro formas assume those offers succeed, and amortise $12m of issuance costs over a remaining weighted average term of about four years.
None of this is final. The company states that the allocation is pending completion and that the amounts eventually recorded, goodwill included, may differ materially.
