Qorvo Inc (QRVO) Q1 2026 Earnings Report

### 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.