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Reported Q: Q1 2026 Rev YoY: -7.7% EPS YoY: +6,411.6% Move: +1.21%

Qorvo Inc

QRVO

$83.72 1.21%

Exchange NASDAQ Sector Technology Industry Semiconductors

Q1 2026

Published: Jul 29, 2025

Company Status Snapshot

Fast view of the latest quarter outcome for QRVO

Reported

Report Date

Jul 29, 2025

Quarter Q1 2026

Revenue

818.78M

YoY: -7.7%

EPS

0.27

YoY: +6,411.6%

Market Move

+1.21%

Previous quarter: Q4 2025

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Earnings Highlights

Revenue of $818.78M down 7.7% year-over-year
EPS of $0.27 increased by 6% from previous year
Gross margin of 40.5%
Net income of 25.59M
"We continue to execute and leverage the breadth of our cellular product portfolio to support strong demand from our largest customer." - Bob Bruggeworth

QRVO

Qorvo Inc

Period Q1 2026

Currency USD

Report Type Quarterly Earnings

Generated Feb 9, 2026

Executive Summary

In Q1 2026, Qorvo Inc delivered robust financial performance with revenues reaching $818.8 million, although it reflected a 7.66% year-over-year decline and a 5.83% decrease quarter-over-quarter. The company recorded a non-GAAP gross margin of 44% and diluted EPS of $0.92, exceeding management's guidance, driven by strategic cost management and product mix enhancement. Key growth areas include defense, aerospace, and ultra-wideband technologies, while continuing to mitigate exposure to low-margin Android markets. The company is well-positioned to leverage rising defense spending and strong demand across various technology applications, with a positive outlook for fiscal Q2 2026.

Key Performance Indicators

Revenue

Decreasing

818.78M

QoQ: -5.83% | YoY: -7.66%

Gross Profit

Decreasing

331.80M

40.52% margin

QoQ: -15.73% | YoY: -0.15%

Operating Income

Increasing

30.09M

QoQ: 6.61% | YoY: 553.19%

Net Income

Increasing

25.59M

QoQ: -18.40% | YoY: 6 082.13%

EPS

Increasing

0.28

QoQ: -17.65% | YoY: 6 411.63%

Revenue Trend

Margin Analysis

Financial Highlights

### Financial Metrics Analysis
- Revenue: $818.8 million (YoY: -7.66%, QoQ: -5.83%)
- Gross Profit: $331.8 million, Gross Margin: 44% (YoY: +300 bps)
- Net Income: $25.6 million (YoY: +6082.13%, QoQ: -18.4%)
- EPS (Diluted): $0.27 (YoY: +6411.63%, QoQ: -17.65%)
- Cash: $1.165 billion at quarter end
- Long-term Debt: $1.549 billion
- Operating Cash Flow: $182.9 million; Free Cash Flow: $145.4 million

Despite a decline in revenue, the notable increase in gross margin underscores Qorvo's successful cost reduction strategies and high-value product expansion. Management highlighted improvements driven by exiting low-margin business segments and enhancing manufacturing efficiency. The year-over-year increase in net income despite the revenue drop illustrates the effectiveness of these strategic moves. Overall financial health remains strong with significant cash reserves to sustain operations and investments.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	818.78M	-7.66%	-5.83%
Gross Profit	331.80M	-0.15%	-15.73%
Operating Income	30.09M	553.19%	6.61%
Net Income	25.59M	6 082.13%	-18.40%
EPS	0.28	6 411.63%	-17.65%

Key Financial Ratios

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q1 2026	818.78	0.27	-7.7%	View
Q4 2025	869.47	0.33	-7.6%	View
Q3 2025	916.32	0.43	-2.6%	View
Q2 2025	1,046.51	-0.18	-2.6%	View
Q1 2025	886.67	0.00	-19.7%	View

Qorvo Inc (QRVO) Q1 2026 Earnings Report

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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