Nasdaq files Form 25 to delist Qorvo common stock

What happened

Nasdaq Stock Market LLC filed a Form 25 with the Securities and Exchange Commission on October 5, 2026 to remove Qorvo, Inc.'s common stock from listing and registration on the exchange, according to the filing.

The filing identifies Qorvo as the issuer, gives its principal executive offices as 7628 Thorndike Road, Greensboro, North Carolina, and lists the class of securities as Common Stock. It is signed by Tara Petta, an assistant vice president at Nasdaq. Qorvo's shares closed at $114.17 on the day of the filing, up 1.75% from the prior close of $112.21, according to the price data.

The form does not state a reason for the delisting. Nasdaq checked the box for Rule 17 CFR 240.12d2-2(b), which covers an exchange striking a class of securities from listing after complying with its own rules; the filing does not indicate which of the specific provisions in 12d2-2(a) applied.

The company

Qorvo is a semiconductor company, classified in the SEC filing under Semiconductors & Related Devices. It is listed in the filing under Commission File Number 001-36801. The sources provided do not describe what happened beyond the delisting notice and do not explain Qorvo's business in detail.

What this means

A Form 25 is the document used to remove a security from an exchange listing and from registration under Section 12(b) of the Securities Exchange Act of 1934. Either the issuer or the exchange can file it. Here the filer is Nasdaq, not Qorvo, so this is the exchange acting rather than the company voluntarily withdrawing. The form notes that under Rule 17 CFR 240.12d2-2(b), the exchange has complied with its rules to strike the class of securities from listing.

The earlier version of this form — one filed by an issuer voluntarily withdrawing — is covered by Rule 17 CFR 240.12d2-2(c), which says the issuer has complied with exchange rules for voluntary withdrawal. That box appears on the form but the filing text as provided does not show it checked, and the signature is Nasdaq's, not the company's.

Once a Form 25 takes effect, the security is no longer listed on that exchange and is no longer registered under Section 12(b). The filing does not say what happens to Qorvo's shares after delisting, whether they will trade elsewhere, or why Nasdaq acted. Readers should treat those questions as unanswered by the sources provided.

Note that a Form 25 is also used for debt securities such as notes and bonds reaching maturity, which is routine housekeeping. That is not the case here: the class of securities named in this filing is Common Stock, which is a different situation.