QRVO vs SWKS: Which Is the Better Buy in 2026?

Same yardstick, side by side (as of August 2026). Valuation lined up like this is most meaningful for two names in the same corner of the market, which these are. Figures are approximate; verify before investing.

The metrics above tell you which is the marginally better business. The bigger risk for most people is not picking the slightly worse stock, it is over-concentrating. QRVO and SWKS share themes, so owning both, or adding either to what you already hold, can quietly push a large share of your portfolio into one bet.

This is the part a generic comparison page cannot answer, because it depends on what you own. Connect your brokerage and Walnut shows your real, combined QRVO and SWKS exposure, flags overlap with your existing positions, and tells you if adding one would tip you past a concentration you are comfortable with, read-only by default, with your login staying at your broker. Walnut is not an investment adviser.

Qorvo designs and manufactures radio-frequency (RF) chips, filters, power amplifiers, and front-end modules used in smartphones, defense and aerospace systems, Wi-Fi and connectivity devices, and power management. It reports through three segments: Advanced Cellular Group (ACG), which serves handset makers including Apple and Android OEMs; High Performance Analog (HPA), which covers defense, infrastructure, and base-station markets; and the Connectivity and Sensors Group (CSG). Handset RF content is the largest and most cyclical piece, while defense and infrastructure have been relative bright spots.

Full QRVO guide

Skyworks Solutions designs and manufactures analog and mixed-signal semiconductors, with a core specialty in radio-frequency (RF) chips: the amplifiers, filters, and front-end modules that let smartphones and other devices transmit and receive wireless signals across cellular, Wi-Fi, and other bands. Its products go into smartphones, tablets, wearables, connected-home gear, automotive systems, cellular infrastructure, industrial, defense, and aerospace applications. Historically the company has been best known as a critical RF supplier to Apple's iPhones, which makes its results sensitive to a single customer and to the broader premium-smartphone cycle.

Full SWKS guide

Both fit overlapping themes, but they are not interchangeable. The useful comparison is which set of drivers and risks you want exposure to.

• QRVO drivers: Pending Skyworks merger; Margin expansion despite soft revenue.
• SWKS drivers: Apple and premium-smartphone content; Broad Markets diversification.

A faster-growing, richer-valued name usually swings harder, so it suits a longer horizon and a higher tolerance for volatility; a steadier, more cash-generative business suits a more conservative or income-minded investor. The honest test is which set of risks you could hold through a drawdown: The largest risk is the merger itself: antitrust review triggered an FTC second request in February 2026, and the deal could be delayed, renegotiated, or blocked, which would collapse the arbitrage spread and re-expose QRVO to standalone fundamentals. For SWKS, the dominant risk is customer and end-market concentration: a large share of revenue depends on one major mobile customer, so any loss of content, design-slot changes, or a weak iPhone cycle can hit results hard.

Pick QRVO if you believe its drivers more; SWKS if you believe its. Many investors hold both, but since they share themes, that is a concentrated bet, not diversification. Decide deliberately and check overlap. For the full detail, see the QRVO and SWKS guides.

QRVO. Qorvo's fiscal year ends in late March, and fiscal 2026 revenue came in around $3.7 billion, down about 1% year over year, with net income near $339 million. Reported valuation multiples such as a trailing P/E in the mid-20s and a lower forward P/E partly reflect market expectations around the pending Skyworks deal rather than a clean standalone read. EV/EBITDA sat near 10 to 11 times on roughly $674 million of fiscal 2026 EBITDA.

SWKS. Figures are qualitative and tied to the asOf date; verify live numbers before acting. Much of Skyworks' near-term valuation debate hinges on two things that are hard to model: the trajectory of premium-smartphone demand at its largest customer, and whether the Qorvo merger closes on the expected early-2027 timeline and delivers its synergy target. Analyst price targets have drifted higher on merger optimism and Apple content, but that view depends on both the deal and the smartphone cycle.

Headline figures (approximate, JULY 2026): QRVO shows revenue (fy2026) ~$3.7B, q4 fy2026 revenue ~$808M, net income (fy2026) ~$339M, diluted eps (fy2026) ~$3.62; SWKS shows business US-based maker of RF and analog/mixed-signal semiconductors; a key RF supplier to Apple's iPhones, segments Mobile (smartphone RF, heavily tied to one large customer) and Broad Markets (Wi-Fi, automotive, industrial, IoT, infrastructure), revenue scale Multi-billion-dollar annual revenue; management has guided to higher revenue on stable smartphone demand and early Android recovery, pending merger Agreed Oct 27, 2025 to combine with Qorvo in a ~$22 billion cash-and-stock deal; expected to close early 2027.

QRVO and SWKS are related but distinct: same themes, different businesses and risks. Neither wins in the abstract; the right pick is whichever thesis you actually believe, sized so you are not over-concentrated in one theme. Walnut can show your combined QRVO and SWKS exposure against your real portfolio. It is not an investment adviser.