RELATIVE CO-MOVEMENT
SPY-adjustedHow the members are behaving together
Group median +1.01Strongest path SWKSWeakest path QRVO
Observed member paths adjusted against SPY. The median is emphasized; shading marks the latest observation window.
MARKET-DISCOVERED GROUP
Semiconductor Materials
This recurring pair relationship is inactive in the latest market snapshot.
Participation2 of 20% active now
DirectionMixed17% agreement—not a clean directional move
Outside confirmation0 of 8filing-linked outsiders moving with the group
Observed history6 episodes11 active sessions
01 · WHAT IS HAPPENING
The move and its drivers
02 · WHY IT MATTERS
The business context around the move
WHY THIS GROUP EXISTS
2/2 members coveredShared filing context
Moderate filing support: the strongest shared 10-Q/K outlook is operating setup (near-term outlook) across QRVO, SWKS.
demand / volume affecting revenue
“These revenue increases were partially offset by a $27.7 million decrease in revenue as a result of the sale of the SiC power device business in January 2025, as well as a $9.0 million decrease in revenue from our power management business due to lower demand from our customers whose products have been impacted by tariffs.”
QRVO 10-K · 2026-05-08
restructuring affecting expense
“The discrete tax expense for the nine months ended December 27, 2025 was primarily due to net discrete tax charges associated with restructuring activities initiated in fiscal 2026 (refer to Note 10 of the Notes to Condensed Consolidated Financial Statements for additional information), partially offset by the tax effects of merger-related costs.”
QRVO 10-Q · 2026-01-28
credit / rates affecting interest expense
“Interest expense for fiscal years 2026 and 2025 also includes financing costs related to certain inventory (subject to repurchase) in connection with a supply agreement.”
QRVO 10-K · 2026-05-08
WHERE IT COULD SPREAD
0 confirming nowFiling-linked outsiders
Companies outside the group that have disclosed links to its members. Their current state is a confirmation check, not a forecast.
AAPLNot confirming
QRVO · customer
Filing receipt
“We provide products to our largest end customer, Apple Inc.”
QCOMNot confirming
QRVO · partner
Filing receipt
“Examples (some of which are strategic partners of ours in other areas) include Broadcom, HiSilicon, MediaTek, Mobileye, Nvidia, NXP Semiconductors, Qorvo, Samsung, Skywo…”
MTSINot confirming
SWKS · text peer
MXLCurrent read unavailable
SWKS · competitor
Filing receipt
“Our primary merchant semiconductor competitors include Broadcom, Inc., Qualcomm Incorporated, Realtek Semiconductor Corp., Skyworks Solutions, Inc., Credo Semiconductor…”
03 · WHO IS IN IT
Member participation
QRVOSWKS
2/2 active1 rising · 1 falling
04 · HAS THIS HAPPENED BEFORE