Qorvo Inc (QRVO) q3 2025 Earnings Report

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Qorvo Inc

QRVO

$89.96 1.11%

Exchange: NASDAQ | Sector: Technology | Industry: Semiconductors

Q3 2025

Published: Jan 29, 2025

Earnings Highlights

Revenue of $916.32M down 2.6% year-over-year
EPS of $0.43 increased by 1% from previous year
Gross margin of 42.7%
Net income of 41.27M
""Our largest growth opportunity in ACG is with our largest customer, and we are investing today to continue increasing our share with them in subsequent programs over multiple years." - Bob Bruggeworth, CEO" - Bob Bruggeworth

QRVO

Qorvo Inc

Period Q3 2025

Currency USD

Report Type Quarterly Earnings

Generated Dec 8, 2025

Executive Summary

In Q3 2025, Qorvo Inc (QRVO) reported revenue of $916 million, reflecting a decrease of 2.62% year-over-year, driven by significant challenges in both the Android ecosystem and automotive markets. Management highlighted a shift towards premium segments to enhance profitability amidst declining traditional product lines. Notably, net income surged to $41 million, marking a substantial increase compared to previous quarters, buoyed by recent cost-reduction measures and successful scales in defense and aerospace markets. Gross margins faced pressures from exiting lower-margin Android products, but strategic restructuring efforts are expected to stabilize and potentially enhance profitability moving forward.

Key Performance Indicators

Revenue

Decreasing

916.32M

QoQ: -12.44% | YoY: -2.62%

Gross Profit

Decreasing

391.42M

42.72% margin

QoQ: -12.10% | YoY: -4.62%

Operating Income

Decreasing

53.03M

QoQ: 448.06% | YoY: -42.43%

Net Income

Increasing

41.27M

QoQ: 336.71% | YoY: 1 408.99%

EPS

Increasing

0.44

QoQ: 344.44% | YoY: 1 454.77%

Revenue Trend

Margin Analysis

Financial Highlights

1. Revenue: $916 million, down 12.44% quarter-over-quarter.
2. Net Income: $41.27 million, a significant increase of 1,408.99% year-over-year.
3. Gross Profit Margin: 42.7%, with pressures anticipated due to lower-performing product lines.
4. Operating Cash Flow: $214 million, demonstrating strong operational efficiency.
5. Total Debt: $1.5 billion, with no near-term maturities, showcasing a solid balance sheet position amidst restructuring.
Key insights from management emphasize the focus on premium products and the expected decline in Android 5G revenue by $150 million to $200 million annually, which necessitates adaptative strategic measures moving into FY26 and beyond.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	916.32M	-2.62%	-12.44%
Gross Profit	391.42M	-4.62%	-12.10%
Operating Income	53.03M	-42.43%	448.06%
Net Income	41.27M	1 408.99%	336.71%
EPS	0.44	1 454.77%	344.44%

Key Financial Ratios

Gross Profit Margin

Good

42.70%

Gross profit margin is healthy and competitive within industry standards

Operating Profit Margin

Fair

5.79%

Operating margin is moderate, room for improvement in cost management

Net Profit Margin

Fair

4.50%

Net profit margin is moderate, room for improvement in cost management

Return on Assets

Weak

0.69%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

1.22%

Return on equity suggests inefficient capital allocation

Current Ratio

Strong

2.60

Current ratio indicates excellent liquidity and financial flexibility

Debt to Equity

Moderate

0.46

Debt-to-equity indicates balanced capital structure with manageable debt

P/E Ratio

High Growth

40.81x

Very high P/E indicates aggressive growth expectations, higher risk

Price to Book

Fair Value

1.99x

Price-to-book ratio reasonable for profitable companies

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) Q3 2025 Earnings Report

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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