Qorvo delivered a solid March-quarter performance across its three operating segments, underscoring the company’s multi-year strategy to diversify away from mass Android content toward high-value, differentiated RF and power solutions. Revenue for Q4 2025 was $869.5 million, with non-GAAP gross margin of 45.9% and non-GAAP diluted EPS of $1.42, aided by disciplined cost controls and structural portfolio actions. Management highlighted a portfolio that is increasingly oriented toward defense/aerospace (DNA), automotive connectivity and Ultra-Wideband (UWB), and high-performance Wi-Fi/SOC opportunities in CSG, plus a ramp of envelope tracking power management (ET PMIC) in ACG tied to its largest customer. The company reiterated a long-term objective to reach roughly $1 billion in DNA revenue and signaled a strong, multi-year design-wind funnel (> $5 billion) across its core markets. Near-term guidance for the June quarter implies revenue of about $775 million (±$25 million), with non-GAAP gross margin of 42–44% and non-GAAP EPS of $0.50–$0.75, reflecting seasonality and ongoing tariff-related uncertainties. Cash flow remained favorable: operating cash flow around $200 million in Q4 and free cash flow of about $171 million, contributing to full-year 2025 FCF of $485 million and a robust balance sheet (cash around $1.02 billion, net debt ~$528 million). The June guidance embeds continued tariff risk, but management outlined mitigation playbooks and geographic/inventory flexibility to manage direct exposure. Overall, Qorvo’s performance demonstrates credible execution across the portfolio with meaningful optionality from defense, UWB, IoT, and premium mobile content, while the strategic portfolio actions (e.g., Costa Rica exit, Android exposure reduction, and SiC divestiture) are intended to lift margins and diversify revenue streams over the next 12–24 months.