Qorvo Inc
QRVO
$93.48 2.12%
Exchange: NASDAQ | Sector: Technology | Industry: Semiconductors
Q2 2025
Published: Oct 30, 2024

Earnings Highlights

  • Revenue of $1.05B down 2.6% year-over-year
  • EPS of $-0.18 increased by 86.3% from previous year
  • Gross margin of 42.6%
  • Net income of -17.44M
  • "Qorvo is investing to grow our business at our largest customer... while the flagship and premium tiers are holding up well, the mix in the mid and entry tiers has shifted towards entry tier 5G at the expense of mid-tier 5G." - Robert Bruggeworth

Qorvo Inc (QRVO) Q2 2025 Financial Results: Navigating Shifts in the Android Market

Executive Summary

In Q2 2025, Qorvo Inc (NASDAQ: QRVO) generated revenue of $1.048 billion, reflecting a significant 18% increase quarter-over-quarter, although down slightly from the previous year. Key segments driving growth were automotive and consumer markets, amidst challenges in the Android smartphone sector. Management emphasized a strategic pivot to support growth in high-tier products while reducing exposure to lower-margin segments. Despite a reported net loss of $17.4 million and an unfavorable shift towards entry-tier devices, Qorvo remains optimistic about long-term revenue growth driven by investments in advanced technologies. Qorvo's adjusted gross margin for the quarter was approximately 47%, underscoring effective cost management and operational efficiencies. Looking ahead, management projects revenue to stabilize in the next quarter with a target of $900 million, while navigating ongoing market challenges in the Android ecosystem. Investors should closely monitor Qorvo's execution on cost-cutting measures and continued diversification into higher-margin products, particularly in the defense and aerospace segments.

Key Performance Indicators

Revenue

1.05B
QoQ: 18.03% | YoY:-2.55%

Gross Profit

445.31M
42.55% margin
QoQ: 34.01% | YoY:14.81%

Operating Income

9.68M
QoQ: 110.05% | YoY:123.27%

Net Income

-17.44M
QoQ: -4 311.35% | YoY:86.26%

EPS

-0.18
QoQ: -4 286.05% | YoY:86.26%

Revenue Trend

Margin Analysis

Key Insights

  • **Quarterly Revenue**: $1.048 billion, (+18% QoQ) yet (-2.5% YoY)
  • **Gross Profit**: $445.3 million with a **Gross Margin Ratio** of 47%.
  • **Operating Income**: $9.7 million (margin: 0.9%), improved from prior quarters due to lower operational expenses.
  • **Net Income**: -$17.4 million, resulting in an **EPS** of -$0.18.
  • Revenue growth driven by automotive and power management solutions, contrasting a decline in entry-tier smartphone revenues.

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
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