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Qorvo

QRVO Q1 2026 Earnings

Reported Jul 29, 2025 at 4:10 PM ET · SEC Source

Q1 26 EPS

$0.92

BEAT +46.17%

Est. $0.63

Q1 26 Revenue

$818.8M

BEAT +5.45%

Est. $776.5M

vs S&P Since Q1 26

-11.4%

TRAILING MARKET

QRVO +4.2% vs S&P +15.6%

Market Reaction

Did QRVO Beat Earnings? Q1 2026 Results

Qorvo delivered a clear beat on both lines in its fiscal first quarter of 2026, with non-GAAP EPS of $0.92 topping the $0.63 consensus estimate by 46.17% and revenue of $818.78 million edging past Wall Street's $776.47 million expectation by 5.45%, e… Read more Qorvo delivered a clear beat on both lines in its fiscal first quarter of 2026, with non-GAAP EPS of $0.92 topping the $0.63 consensus estimate by 46.17% and revenue of $818.78 million edging past Wall Street's $776.47 million expectation by 5.45%, even as sales declined 7.7% year-over-year. The profitability story drove the narrative, with non-GAAP gross margin expanding 310 basis points to 44.0%, the result of what management described as broad-based structural initiatives across its product portfolio, business segments, and manufacturing footprint. The High Performance Analog segment offered a particularly sharp illustration of that progress, with operating income surging to $21.60 million from just $4.90 million a year ago. Shares rose roughly 7% in the aftermath, and the enthusiasm is easy to trace to the company's fiscal Q2 outlook, which calls for revenue of approximately $1.02 billion and non-GAAP EPS of $2.00, supported by higher content and unit volumes in large customer programs tied to upcoming smartphone launch cycles.

Key Takeaways

  • • Broad-based demand driving revenue and non-GAAP EPS above high-end of guidance
  • • Non-GAAP gross margin of 44% achieved high-end of guidance, representing meaningful year-over-year improvement of 310 basis points
  • • Structural profitability enhancement initiatives across product portfolio, business segments, and manufacturing footprint
  • • HPA segment operating income improved to $21.6M from $4.9M year-over-year with 340.8% growth
  • • CSG segment operating loss narrowed to $(7.5)M from $(19.5)M year-over-year
24/7 Wall St

QRVO YoY Financials

Q1 2026 vs Q1 2025, source: SEC Filings

24/7 Wall St

QRVO Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 26 Q4 26

“The Qorvo team delivered a strong fiscal 2026 first quarter. We are undertaking a broad set of initiatives to structurally enhance profitability, and we are already seeing the positive effects of these strategic actions. In the September quarter, we expect sequential growth and margin expansion to be supported by increases in Qorvo content and unit volumes in large customer programs.”

— Bob Bruggeworth, Q1 2026 Earnings Press Release

Back to QRVO Stock Page