Executive Summary
Qorvo Inc reported Q1 2026 revenues of $818.8 million, representing a decline of 7.66% year-over-year (YoY) and a drop of 5.83% quarter-over-quarter (QoQ). The significant decrease in revenue reflects continued challenges in the semiconductor market, attributed to weakening demand for mobile products amid macroeconomic headwinds. Despite these challenges, the company reported a notable uptick in operating income by 553.19% YoY to $30.1 million, thanks to effective cost management. However, net income increased by a staggering 6,082.13% YoY, amounting to $25.6 million, reflecting prior year lows and operational strides taken in the current period. This report dissects the various financial aspects, offers insights into management commentary, and evaluates Qorvo's overall market stance.
Key Performance Indicators
Revenue
818.78M
QoQ: -5.83% | YoY:-7.66%
Gross Profit
331.80M
40.52% margin
QoQ: -15.73% | YoY:-0.15%
Operating Income
30.09M
QoQ: 6.61% | YoY:553.19%
Net Income
25.59M
QoQ: -18.40% | YoY:6 082.13%
EPS
0.28
QoQ: -17.65% | YoY:6 411.63%
Revenue Trend
Margin Analysis
Key Insights
- **Revenue:** $818.8 million (YoY: -7.66%, QoQ: -5.83%)
- **Gross Profit:** $331.8 million (YoY: -0.15%, QoQ: -15.73%)
- **Operating Income:** $30.1 million (YoY: +553.19%, QoQ: +6.61%)
- **Net Income:** $25.6 million (YoY: +6,082.13%, QoQ: -18.40%)
- **EPS:** $0.28 (YoY: +6,411.63%, QoQ: -17.65%)