Qorvo, Inc. (QRVO) rose 8.78% to $100.22, gaining $8.09, after publishing preliminary second-quarter 2026 results showing revenue of $1.10 billion, a non-GAAP EPS of $2.22, and gross margin at 49.7 percent.
The company also announced an agreement to merge with Skyworks Solutions in a cash-and-stock transaction valuing the combined enterprise at approximately $22 billion. The deal aims to create a U.S.-based leader in high-performance RF, analog, and mixed-signal semiconductors.
QRVO opened at $92.75, reached a high of $101.50, and a low of $92.60, compared to the previous close of $92.13. Trading volume surged well above average levels. The stock's 52-week range is $68.45 - $123.50.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.