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Qorvo

QRVO Q4 2026 Earnings

Reported May 5, 2026 at 4:10 PM ET · SEC Source

Q4 26 EPS

$1.69

BEAT +39.48%

Est. $1.21

Q4 26 Revenue

$808.3M

BEAT +0.81%

Est. $801.8M

vs S&P Since Q4 26

+4.4%

BEATING MARKET

QRVO +4.3% vs S&P -0.1%

Full Year 2026 Results

FY 26 EPS

$3.62

FY 26 Revenue

$3.68B

Market Reaction

Did QRVO Beat Earnings? Q4 2026 Results

Qorvo delivered a decisive earnings beat in fiscal Q4 2026, with non-GAAP diluted EPS of $1.69 clearing the $1.21 consensus by 39.48%, even as revenue slipped 7.0% year-over-year to $808.28 million, a figure that still edged past the $801.76 million … Read more Qorvo delivered a decisive earnings beat in fiscal Q4 2026, with non-GAAP diluted EPS of $1.69 clearing the $1.21 consensus by 39.48%, even as revenue slipped 7.0% year-over-year to $808.28 million, a figure that still edged past the $801.76 million estimate. The standout driver was a sharp improvement in profitability: non-GAAP gross margin expanded 670 basis points year-over-year to 52.6%, reflecting a deliberate reshaping of business mix across segments. The High Performance Analog unit was a particular bright spot, posting $202.70 million in revenue, up 7.9% year-over-year, with GAAP operating margins of 34.7%. Meanwhile, the Advanced Cellular Group, the company's largest segment at $512.30 million, saw ACG margins expand 660 basis points despite a meaningful sequential decline. Qorvo also generated $255.03 million in free cash flow and repurchased $400.05 million in stock during the quarter. With a pending tie-up between two RF chip rivals in motion, Qorvo has suspended guidance calls but continues to target fiscal 2027 non-GAAP gross margin above 50% and non-GAAP diluted EPS approaching $7.00.

Key Takeaways

  • • Non-GAAP gross margin expanded 670 basis points year-over-year to 52.6%
  • • Strategic optimization of business mix within and across operating segments
  • • Reduced capital intensity
  • • HPA segment revenue grew 7.9% year-over-year with 34.7% GAAP operating margin
  • • ACG operating margin expanded 660 basis points year-over-year to 25.5%

QRVO Forward Guidance & Outlook

Qorvo has discontinued conducting conference calls and providing forward-looking guidance given the pending merger transaction with Skyworks. However, CEO Bob Bruggeworth stated the company expects continued momentum in reducing capital intensity and enhancing profitability. For full-year fiscal 2027, Qorvo continues to expect non-GAAP gross margin above 50% and non-GAAP diluted EPS approaching $7.00. Fiscal 2027 will be a 53-week year, with the fiscal second quarter (ending October 3, 2026) including 14 weeks.

24/7 Wall St

QRVO YoY Financials

Q4 2026 vs Q4 2025, source: SEC Filings

24/7 Wall St

QRVO Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 26 Q4 26

“Qorvo's fiscal fourth quarter performance reflects continued operational excellence and the strategic optimization of business mix within and across operating segments. March quarterly non-GAAP gross margin expanded by 670 basis points year-over-year, and full-year fiscal 2026 non-GAAP gross margin expanded by 370 basis points versus the prior fiscal year. Looking forward, we expect continued momentum reducing capital intensity and enhancing profitability. For full-year fiscal 2027, we continue to expect non-GAAP gross margin above 50% and non-GAAP diluted earnings per share approaching $7.00.”

— Bob Bruggeworth, Q4 2026 Earnings Press Release

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