Skyworks Guides as Qorvo Merger Takes Effect
Operators sourcing radio-frequency chips should review supplier terms as Skyworks reports its first combined quarter with Qorvo.
Updated on Nov. 3, 2026 in Corporate Finance
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Several U.S. companies reported third-quarter 2026 results on November 3, 2026, and moved sharply in extended trading, with Duolingo, Avis Budget Group, Advanced Micro Devices, Skyworks Solutions and Super Micro Computer among those posting outlooks. Toast also said its CFO, Elena Gomez, will leave at the end of 2026, a change finance teams running public-company reporting calendars should note.
Why it matters
Quarterly results and revised guidance set the expectations that shape hiring plans, capital spending and supplier commitments for operators whose customers or partners are public companies. Skyworks' completed combination with Qorvo in early October means its first quarter is the first combined one for the two companies, so its outlook carries integration uncertainty that operators in its supply chain should weigh.
Duolingo's third-quarter revenue of $309 million beat a $303 million consensus, while Alight raised its full-year 2026 revenue outlook to $2.115 billion to $2.125 billion. Avis Budget Group's third-quarter earnings fell to $5.15 per share from $10.11 a year earlier, on $3.44 billion in revenue.
The players
Duolingo
Duolingo is a language-learning platform whose subscription and advertising model depends on growing its monthly active user base.
Avis Budget Group
Avis Budget Group is a major U.S. car rental operator whose results track travel demand and fleet-cost management.
Advanced Micro Devices
Advanced Micro Devices is a semiconductor company that designs processors and accelerators for data centers and PCs.
Skyworks Solutions
Skyworks Solutions is a semiconductor maker of radio-frequency chips for mobile devices, which completed its combination with Qorvo in October 2026.
Super Micro Computer
Super Micro Computer is a server and storage hardware maker serving data-center and AI-infrastructure customers.
The details
Earnings beats and misses in extended trading reset analyst models that many vendors and lenders use to price exposure to these companies. Skyworks' guidance of about $1.25 per share and $1.80 billion to $1.90 billion in fiscal first-quarter revenue reflects its first combined quarter with Qorvo, so procurement teams sourcing radio-frequency components should expect the two companies to operate as one supplier from that point. Super Micro's fiscal 2027 net sales expectation of $72 billion to $82 billion signals continued demand for AI server hardware across its customer base.
Timeline
Early October 2026: Skyworks Solutions completed its combination with Qorvo.
November 3, 2026: Companies reported quarterly earnings and moved sharply in extended trading.
End of 2026: Toast CFO Elena Gomez will leave the company.
Fiscal first quarter 2027: Skyworks Solutions' guidance period, its first combined quarter.
Market Landscape
Quarterly reporting under the certification regime created by the Sarbanes-Oxley Act of 2002 continues to set the cadence against which these results are judged. The Skyworks-Qorvo combination, completed in early October, is the more consequential structural move in this batch, since it reshapes a major radio-frequency chip supplier.
Operators whose revenue depends on these companies should revisit assumptions about customer spending and supplier pricing in the coming quarter. Procurement teams with exposure to Skyworks should review contract terms now that it is operating as a combined company.
The takeaway
Watch the first combined Skyworks-Qorvo quarter for signs of integration cost savings or customer disruption before renewing supplier agreements. Finance teams should calendar Toast's CFO transition at the end of 2026 and track any change in its reporting timeline.
Further reading
For background on how these results fit into broader corporate reporting, see Corporate Finance coverage.
Source note: This article includes information reported by CNBC.
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