Subsequent Event

12 Months Ended

Oct. 02, 2026

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

17.    SUBSEQUENT EVENTS

Completed Combination With Qorvo

On October 5, 2026, the Company completed the acquisition of Qorvo, Inc. (“Qorvo”) pursuant to two merger transactions involving cash-and-stock consideration (the “Mergers”). Pursuant to the Agreement and Plan of Merger dated October 27, 2025 (the “Merger Agreement”), at the effective time of the transaction, each share of Qorvo common stock issued and outstanding immediately prior to the effective time, subject to certain exceptions set forth in the Merger Agreement, was converted into the right to receive 0.960 of a share of Skyworks common stock and $32.50 per share in cash, without interest and subject to applicable withholding taxes. Qorvo stockholders received approximately $2.9 billion in cash and 85.3 million shares of Skyworks common stock in the aggregate.

The Company assumed all outstanding Qorvo restricted stock unit awards and performance stock unit awards held by continuing employees. The assumed awards were converted into approximately 4.6 million Skyworks restricted stock unit awards. Outstanding awards held by Qorvo’s non-employee directors were accelerated and canceled in exchange for 0.960 of a share of Skyworks common stock and $32.50 per share in cash for each underlying Qorvo share.

The total purchase consideration for the Mergers was approximately $10.2 billion, consisting of $7.2 billion in fair value of Skyworks common stock issued to Qorvo stockholders and $2.9 billion of cash consideration, as well as amounts associated with Qorvo equity awards. The total purchase consideration, net of approximately $1.3 billion of cash acquired, was approximately $8.9 billion.

The Company funded the cash portion of the Mergers with the net proceeds from the issuance of the aforementioned 2028 Notes, 2032 Notes, and 2036 Notes, as well as cash on hand and funds from the Company’s Revolver.

The Company is currently evaluating the purchase price allocation following the consummation of the Mergers. It is not practicable to disclose the preliminary purchase price allocation or unaudited pro forma combined financial information for this transaction given the short period of time between the acquisition date and the issuance of these consolidated financial statements.

Transaction costs for the Mergers were $84.7 million recorded within selling, general, and administrative expense during fiscal 2026. These costs mainly consisted of professional fees and administrative costs for the Mergers and were expensed as incurred in the Consolidated Statements of Operations.

Exchange of Qorvo Senior Notes

On October 7, 2026, the Company completed its previously announced offers to exchange outstanding 4.375% Senior Notes due 2029 and 3.375% Senior Notes due 2031 issued by Qorvo for senior notes issued by the Company. In connection with the settlement of the exchange offers, the Company issued $778.1 million aggregate principal amount of 4.375% Senior Notes due 2029 and $646.8 million aggregate principal amount of 3.375% Senior Notes due 2031. The notes issued by the Company are senior unsecured obligations of the Company. Following settlement, $70.6 million aggregate principal amount of Qorvo’s 4.375% Senior Notes due 2029 and $52.9 million aggregate principal amount of Qorvo’s 3.375% Senior Notes due 2031 remained outstanding.