Qorvo (QRVO) Company Report

Skyworks delivered $1.035 billion in revenue, with GAAP diluted EPS of $0.53, non-GAAP diluted EPS of $1.54, operating cash flow of $396 million, and free cash flow of $339 million.
For Q2 FY26, Skyworks expects revenue of $875 million to $925 million and non-GAAP diluted EPS of $1.04 at the midpoint.
The board declared a $0.71 per share cash dividend, payable Mar. 17, 2026 to shareholders of record as of Feb. 24, 2026.

4 hours ago

Press Release

Qorvo publishes RF GaN Market Report 2026-2036

QRVO

The global RF GaN market is projected to grow at a 15–20% CAGR over 2026–2036, driven by 5G deployments, defense modernization, and satellite communications expansion.
Telecom infrastructure commands roughly 40% of RF GaN revenues, with GaN-on-SiC dominating; satellite communications is the fastest-growing segment due to LEO constellation rollouts.
Defense and aerospace applications are the second-largest segment, with GaN achieving full production maturity for AESA radars and electronic warfare systems.
The market remains concentrated among Wolfspeed, Qorvo, MACOM, Sumitomo Electric, and Ampleon, while wafer transitions (4″→6″ on SiC; 200–300 mm on Si) and advanced packaging are key technology trends.

4 days ago

Press Release

Qorvo supplements proxy disclosures and addresses merger litigation

QRVO

M&A

Legal Proceedings

Executive Compensation

Qorvo and Skyworks Solutions entered into a two-step merger agreement; special stockholder meetings scheduled for Feb. 11, 2026.
Two lawsuits filed in New York challenging the Mergers and demand letters alleging disclosure deficiencies; Qorvo and Skyworks view these as without merit.
To avoid delays, both companies voluntarily supplemented the Joint Proxy Statement/Prospectus with additional disclosures on managerial assumptions and financial analyses.
Supplemental Disclosures update key metrics: Qorvo debt ~$1.6 B, cash ~$1.1 B, shares ~96.1 M ; Skyworks debt ~$1.0 B, cash ~$1.4 B.
Restated golden parachute totals for Qorvo executives include CEO $32.3 M and CFO $11.3 M.

6 days ago

8-K

Qorvo reports Q3 FY2026 results and FY2027 outlook

QRVO

Earnings

Guidance Update

Q3 revenue of $993 M, non-GAAP gross margin 49.1%, non-GAAP EPS $2.17; ended quarter with $1.3 B cash, $530 M inventory, generated $265 M operating cash flow and $237 M free cash flow.
Q4 guidance: revenue $800 M ± $25 M, non-GAAP gross margin 48–49%, non-GAAP EPS $1.20 ± $0.15.
FY2027 outlook: mid-single-digit revenue decline; gross margin >50%; EPS ~$7; Android revenue to drop ~$300 M, CSG ~flat, HPA to grow double-digits, with D&A sales ~$500 M and defense business surpassing Android.
Strategic actions: exited lower-margin mass-tier Android; closed Costa Rica fab and shifted SAW filter production to Texas; won high-band PAD in cellular iPad, secured first automotive UWB production orders, delivered Wi-Fi 8 samples.

7 days ago

Transcript

Qorvo reports Q3 fiscal 2026 results and FY 2027 guidance

QRVO

Earnings

Guidance Update

Q3 revenue of $993 million, non-GAAP gross margin 49.1 %, and non-GAAP EPS of $2.17; largest customer ~53 % of revenue.
Completed early closure of Costa Rica facility and remains on track transferring SAW filter production to Texas to optimize profitability.
Exiting lower-margin mass-tier Android business; expects Android revenue to decline by $300 million in FY 2027, contributing to a mid-single-digit full-year revenue decline.
Projects FY 2027 gross margin above 50 % and EPS approaching $7 per share, with ACG down, CSG flat, and HPA in double-digit growth.
Q4 FY 2026 guidance: revenue of $800 million ± $25 million, non-GAAP gross margin 48–49 %, and non-GAAP EPS $1.20 ± 0.15.

7 days ago

Transcript

Qorvo reports Q3 FY2026 results and provides FY2027 outlook

QRVO

Earnings

Guidance Update

Q3 revenue of $993 million, non-GAAP gross margin of 49.1%, and non-GAAP EPS of $2.17; generated $265 million operating cash flow and $237 million free cash flow, with cash of $1.3 billion and net inventory of $530 million
Q4 guidance of $800 million revenue ±$25 million, non-GAAP gross margin of 48–49%, and EPS of $1.20 ± $0.15
FY2027 revenue expected to decline mid-single digits as ACG falls on a ~$300 million exit from low-margin Android, CSG flat, and HPA grows double digits; gross margin above 50% and EPS approaching $7
Strategic actions include exiting mass-tier Android, closing the Costa Rica facility, transferring SAW production to Texas, and divesting MEMS sensing to improve profitability

7 days ago

Transcript

Qorvo announces fiscal Q3 2026 results

QRVO

Earnings

Guidance Update

Q3 fiscal 2026 revenue of $993.0 million, up 8.4% year-over-year; GAAP gross margin 46.7% and non-GAAP gross margin 49.1%.
GAAP operating income of $192.1 million (19.4% of revenue) and diluted EPS of $1.75; non-GAAP operating income $247.6 million and EPS $2.17.
All operating segments grew year-over-year: HPA +11.2%, ACG +8.8%, CSG +1.6%.
Q4 FY 2026 outlook: revenue $800 million ± $25 million, non-GAAP gross margin 48–49%, and non-GAAP EPS $1.20 ± $0.15.

7 days ago

8-K

Qorvo reports fiscal 2026 third quarter results

QRVO

Earnings

Guidance Update

Revenue of $993.0 million; GAAP gross margin 46.7% and non-GAAP gross margin 49.1%; GAAP diluted EPS $1.75, non-GAAP EPS $2.17
All operating segments grew revenue year-over-year, led by automotive components, consumer & enterprise Wi-Fi, D&A, base station and power management; HPA revenue rose 9.3% sequentially and 11.2% year-over-year
March 2026 quarter guidance: revenue of $800 million ± $25 million, non-GAAP gross margin of 48–49%, and non-GAAP diluted EPS of $1.20 ± $0.15
December quarter non-GAAP gross margin expanded by 260 basis points year-over-year, with similar improvement expected in the March quarter

7 days ago

Press Release

Qorvo reports Q2 2026 earnings

QRVO

Earnings

Guidance Update

Q2 revenue was $1,059 million, non-GAAP gross margin 49.7%, and non-GAAP EPS $2.22.
Q3 guidance: revenue of $985 million ± $50 million, gross margin 47–49%, and non-GAAP EPS $1.85 ± $0.20.
Exiting low-margin mass-tier Android drives an expected $200 million revenue decline this fiscal year and next, while CSG restructuring will cut $70 million in annual OpEx by FY 2027.
HPA (defense & aerospace) grew 25% YoY in Q2, with double-digit YoY growth expected, supported by rising U.S. and allied defense spending.
Manufacturing footprint consolidation: sale of Chinese factories, GaN wafer shift to Oregon, SAW transfer to Texas, and Costa Rica facility closure to onshore U.S. output.

Nov 3, 2025, 9:30 PM

Transcript

Qorvo announces Q2 FY2026 results

QRVO

Earnings

Guidance Update

Qorvo reported on a GAAP basis revenue of $1.1 billion, gross margin of 47.0%, operating income of $157.7 million, and diluted EPS of $1.28.
On a non-GAAP basis, gross margin was 49.7%, operating income was $252.6 million, and diluted EPS was $2.22.
For the December 2025 quarter, Qorvo expects revenue of $985 million ± $50 million, non-GAAP gross margin of 47–49%, and non-GAAP diluted EPS of $1.85 ± $0.20.

Nov 3, 2025, 9:05 PM

8-K

Earnings Transcripts

Quarterly earnings call transcripts for Qorvo.

Q3 2026

Jan 27, 2026

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Q2 2026

Nov 3, 2025

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Q1 2026

Jul 29, 2025

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View All Transcripts

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Qorvo (QRVO)

Analyst Earnings Quarterly Reports

Q2 2026

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Q4 2025

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Q3 2026

Executives

Robert Bruggeworth

Frank Stewart

Gina Harrison

Grant Brown

Paul Fego

Philip Chesley

Steven Creviston

Board Members

Alan Lowe

Christopher Koopmans

John Harding

Judy Bruner

Peter Feld

Richard Clemmer

Roderick Nelson

Susan Spradley

Walden Rhines

Analyst Coverage

Thomas O’Malley

Christopher Rolland

Edward Snyder

Gary Mobley

Karl Ackerman

Harsh Kumar

Peter Peng

Christopher Caso

Robert Mertens

Sreekrishnan Sankarnarayanan

Chris Caso

James Schneider

Joseph Moore

Krish Sankar

Nicolas Doyle

Ruben Roy

Srinivas Pajjuri

Timothy Arcuri

Toshiya Hari

Vijay Rakesh

Vivek Arya

Latest news

Earnings Transcripts

Q3 2026

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