Quiet changesRisk Factors
Additionally, we sell a significant portion of our products through third-party distributors, some of whom have rights to return products if the product is non-conforming.
The 10-K against last year's
175 changes: 41 added, 69 removed, 63 reworded, 2 quiet changes
10-K 0000004127-26-000055 (2026-11-10) vs 10-K 0000004127-25-000085 (2025-11-07)
The redline
The paragraph that changed most in each section
Marked against last year's 10-K:
cut words struck through, new words highlighted and underlined.
Risk Factors 265 words changed in this paragraph; it is 30% similar to last year's version.
During fiscal 2022, 2026 [and subsequent to the end of fiscal 2026], in reaction to market demand factors impacting capacity at a number of our vendors, including increased demand that foundries have faced associated with data center and AI-related buildouts, we entered into or continued to perform under long-term capacity reservation and supply agreements with certain third-party foundries, foundries and OSATs, under which we agreed to certain minimum purchase commitments. As a result of reduced overall commitments and/or upfront cash payments. We currently expect that market demand, we recorded impairment charges during fiscal 2023 forces will require us to enter into additional long-term capacity reservation and renegotiated certain of these agreements in fiscal 2024. supply agreements. These long-term capacity reservation agreements may have an additional adverse effect on our operating results in the event our future supply needs are reduced below the minimum purchase expectations requirements as a result of further a reduction in overall market demand. demand for our products. In addition, we may not be able to enter into new long-term capacity reservation and supply agreements. If we are unable to secure such supply agreements or even with such supply agreements, we are still subject to risks that a supplier will prioritize other customers’ capacity demands or be unable to meet its supply commitments, achieve anticipated manufacturing yields, produce wafers or other components on a timely basis, or provide additional capacity beyond its commitments sufficient to meet our supply needs. If so, we may experience delays in product launches or supply shortages for certain products, which could cause an unanticipated decline in our sales and damage our existing customer relationships and our ability to establish new customer relationships. In addition, if a supplier experiences financial difficulties or goes into bankruptcy, it could be difficult or impossible, or may require substantial time and expense, for us to recover any or all of our payments and deposits made as part of any supply agreement.
Source: Item 1A, 10-K 0000004127-26-000055 vs Item 1A, 10-K 0000004127-25-000085
Accounting Policies 120 words changed in this paragraph; it is 41% similar to last year's version.
In November 2023, May 2026, the Financial Accounting Standards Board (“FASB”) FASB issued Accounting Standards Update (“ASU”) 2023-07, “Segment Reporting ASU 2026-02, “Environmental Credits and Environmental Credit Obligations (Topic 280): Improvements to Reportable Segment Disclosure” 818)” (“ASU 2023-07”). 2026-02”). ASU 2023-07 requires 2026-02 provides specific guidance on the recognition, measurement, presentation, and disclosure of incremental segment information on an annual and interim basis. requirements for entities that generate, purchase, or receive environmental credits or have a regulatory compliance obligation that may be settled with environmental credits. ASU 2023-07 2026-02 is effective for fiscal years annual periods beginning after December 15, 2023, 2027, and interim periods within fiscal years beginning after December 15, 2024, those annual periods, on a retrospective basis. Early adoption is permitted. The Company adopted ASU 2023-07 during is currently evaluating the fourth quarter of fiscal 2025. Refer to Note 14 for additional information. The adoption impact of ASU 2023-07 did not have a significant impact 2026-02 on the Company’s its consolidated financial statements and related disclosures.
Source: Item 8, Note 2 – BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, 10-K 0000004127-26-000055 vs Item 8, Note 2 – BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, 10-K 0000004127-25-000085
Legal Proceedings 101 words changed in this paragraph; it is 54% similar to last year's version.
The Company monitors the status of legal proceedings and other contingencies on an ongoing basis to assess whether loss contingencies should be recognized and disclosed in its financial statements and footnotes. Other than as described below, the Company does not believe there are any pending legal proceedings that are at least reasonably possible to result in a material loss. On June 20, 2025, Denso Corporation filed patent infringement litigation against the Company in the U.S. (United States District Court for the Central District of California) and Japan (Civil Division of the Osaka District Court). Denso alleges that the Company has and is willfully infringing Denso’s U.S. patent (7,758,979) and Japan patent (JP5190841), each relating to piezoelectric thin film. Denso is seeking monetary damages, including enhanced damages, interest, fees and costs, and injunctive relief. While the Company is unable to determine the ultimate outcome of these suits, the Company believes it has substantial defenses and intends to vigorously oppose the suits.
Source: Item 3, via Note 11 – COMMITMENTS AND CONTINGENCIES, 10-K 0000004127-26-000055 vs Item 3, via Note 11 – COMMITMENTS AND CONTINGENCIES, 10-K 0000004127-25-000085
MD&A 98 words changed in this paragraph; it is 53% similar to last year's version.
Under the terms of the Merger Agreement, at the effective time of the Mergers, transaction, each share of Qorvo common stock issued and outstanding immediately prior thereto (with to the effective time, subject to certain exceptions set forth in the Merger Agreement) will be Agreement, was converted into the right to receive 0.960 (the “Exchange Ratio”) of a share of Skyworks common stock and $32.50 per share in cash, without interest, interest and subject to applicable withholding taxes. The Exchange Ratio is expected to result Qorvo stockholders received approximately $2.9 billion in Qorvo equityholders cash and 85.3 million shares of Skyworks equityholders owning approximately 37% and 63%, respectively, of common stock in the combined company on a pro forma basis following the closing. The Merger Agreement also provides for Skyworks’ assumption of certain Qorvo equity awards, subject to certain adjustments thereto in respect of, among other things, performance-based vesting conditions. aggregate.
Source: Item 7, 10-K 0000004127-26-000055 vs Item 7, 10-K 0000004127-25-000085
Every change, by type
Sentences and paragraphs added, removed or reworded
Sentences and paragraphs of SWKS's Risk Factors and MD&A, 10-K 2026-11-10 against 10-K 2025-11-07. Each links to the text at sec.gov.
Quiet changes are sentences kept from last year with one to four words changed, at least one of them a hedge, a modal or a qualifier (may, could, will, not, significant, material…). A year or date rolling forward is not counted.
The full word list
adverse, adversely, all, although, anticipate, anticipates, any, approximately, believe, believes, can, cannot, certain, could, expect, expects, generally, however, if, intend, intends, largely, likely, many, material, materially, may, might, most, must, never, no, not, possible, primarily, probable, should, significant, significantly, some, substantial, substantially, unlikely, will, wouldQuiet changesRisk Factors
Uncertain worldwide economic and political conditions, together with other factors such as the volatility of the financial markets, continue to can make it difficult for our customers and for us to accurately forecast and plan future business activities.