Shares of Qorvo, a key Apple supplier, tumbled after hours following disappointing guidance for the current quarter. The radio-frequency chipmaker cited a "seasonal decline" from its largest customer as the primary reason for the soft outlook. Specifically, Qorvo anticipates Q4 revenue in the $775-$825 million range, below analyst expectations, causing investor concern.

This disappointing forecast comes after Qorvo reported a fiscal Q3 earnings per share of $2.17, exceeding estimates. However, the market is now focused on the future, particularly Qorvo's reliance on Apple for a significant portion of its revenue. The company is also in the process of being acquired by Skyworks Solutions in a $22 billion deal. The merger is slated to close early next year.

Qorvo's management attributed the weak forecast to the seasonal slowdown at Apple, and ongoing adjustments to its Android business. The guidance also reflects the company's strategic moves. Investors are closely watching how this impacts the merger with Skyworks. The deal's success is now potentially tied to how Qorvo navigates the Apple relationship.

Looking ahead, investors will be monitoring the impact of Apple's upcoming product cycles on Qorvo's performance. The broader chip sector is also facing headwinds from macroeconomic uncertainty and shifting consumer demand. Any change in the merger timeline with Skyworks would be a major development for the company and investors.