Skyworks Solutions Inc. completed its acquisition of Qorvo Inc. in October 2026. S&P Global Ratings affirmed all its ratings on the company, including the'BBB-'issuer credit rating. The stable outlook reflects Skyworks’ modest pro forma S&P Global Ratings-adjusted leverage of near mid-1x and our view that the combined business will benefit from improved customer and product diversity despite its still-high customer concentration and potential integration risk. Revenue growth will remain challenged in fiscal 2027 following the Qorvo acquisition due to ongoing mobile headwinds. Skyworks'revenue declined roughly 3% in fiscal 2026 amid continued weakness in the mobile end market. We forecast the company will increase its revenue by about 85% to approximately $7.3 billion in fiscal 2027 when incorporating
