QRVO
Qorvo Inc
Q1 2026 Report
Qorvo Inc (QRVO) Q1 2026 Financial Results Report - Strong Growth Amid Strategic Transitions...
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Executive Summary
In the fourth quarter of fiscal year 2025, Qorvo Inc reported solid results with a revenue of $869 million, indicating a 7.6% year-over-year decline but exceeded the midpoint of guidance. Notably, the company demonstrated resilience through strategic actions in expanding its defense and aerospace business, which achieved record revenue for the quarter. CEO Bob Bruggeworth highlighted key growth in Ultra-Wideband opportunities, particularly for automotive applications, and emphasized ongoing initiatives to enhance margins by reducing exposure to low-margin Android products. Despite facing macroeconomic uncertainties and tariff-related challenges, Qorvo remains committed to diversifying its revenue streams and capitalizing on multi-year growth opportunities in high-value markets.
Key Performance Indicators
Revenue
869.47M
QoQ: -5.11% | YoY:-7.60%
Gross Profit
393.74M
45.28% margin
QoQ: 0.59% | YoY:2.44%
Operating Income
28.22M
QoQ: -46.78% | YoY:-5.86%
Net Income
31.37M
QoQ: -24.00% | YoY:1 046.80%
EPS
0.34
QoQ: -22.73% | YoY:1 101.41%
Revenue Trend
Margin Analysis
Key Insights
- Operating Income: $28.22 million (Operating Margin: 3.2%)
- Net Income: $31.37 million, EPS (Diluted): $0.330
- Cash and Equivalents: $1.02 billion
- Free Cash Flow: $170.67 million for the quarter. Key metrics demonstrate a strategic pivot towards higher-margin sectors, with ongoing cost management efforts fostering profitability despite revenue pressures from the mobile segment.