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QRVO Q2 2026 Earnings
Reported Nov 3, 2025 at 4:05 PM ET · SEC Source
Q2 26 EPS
$2.22
BEAT +5.12%
Est. $2.11
Q2 26 Revenue
$1.06B
BEAT +2.11%
Est. $1.04B
vs S&P Since Q2 26
-4.3%
TRAILING MARKET
QRVO +4.3% vs S&P +8.6%
Market Reaction
Did QRVO Beat Earnings? Q2 2026 Results
Qorvo delivered a clean beat in its fiscal second quarter of 2026, with revenue of $1.06 billion edging ahead of the $1.04 billion consensus by 2.11% and non-GAAP EPS of $2.22 clearing the $2.11 estimate by 5.12%, as the company's largest customer sm… Read more Qorvo delivered a clean beat in its fiscal second quarter of 2026, with revenue of $1.06 billion edging ahead of the $1.04 billion consensus by 2.11% and non-GAAP EPS of $2.22 clearing the $2.11 estimate by 5.12%, as the company's largest customer smartphone ramp powered a 36.0% sequential surge in its Advanced Cellular Group segment. Revenue grew 1.1% year-over-year, while non-GAAP gross margin expanded 270 basis points to 49.7%, reflecting ongoing cost discipline and a more favorable product mix. The High Performance Analog segment added further momentum, rising 17.7% year-over-year to $174.60 million on defense and aerospace demand, though the Connectivity and Sensors Group remained a drag, declining 27.2% to $106.90 million. Looking ahead, Qorvo guided fiscal Q3 revenue of approximately $985 million and non-GAAP EPS of $1.85, against a backdrop of a pending $22 billion merger with Skyworks Solutions that, if completed, would create a combined RF chip supplier of considerable scale serving Apple and other major smartphone makers.
Key Takeaways
- • Largest customer smartphone ramp driving ACG sequential revenue growth of 36%
- • Non-GAAP gross margin improvement of 270 basis points year-over-year to 49.7%
- • HPA segment growth in defense & aerospace and infrastructure businesses
- • Cost and productivity initiatives improving profitability
- • Improved revenue mix within and across operating segments
QRVO YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
QRVO Revenue by Segment
With YoY comparisons, source: SEC Filings
“In the September quarter, ACG supported our largest customer's smartphone ramp while continuing to serve Android's premium and flagship tiers. In HPA, we grew our D&A and infrastructure businesses while supporting a recently launched smartwatch with our power management ICs. In CSG, we consolidated our organizational structure to improve profitability and prioritize opportunities in automotive, industrial, enterprise, and other markets. In the December quarter, we expect year-over-year revenue growth and margin expansion, supported by strategic customers in mobile and D&A markets.”
— Bob Bruggeworth, Q2 2026 Earnings Press Release
QRVO Earnings Trends
QRVO vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
QRVO EPS Trend
Earnings per share: estimate vs actual
QRVO Revenue Trend
Quarterly revenue: estimate vs actual
QRVO Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 BEAT FY | $1.21 | $1.69 | +39.48% | $808.3M | +0.81% |
| FY Full Year | — | $3.62 | — | $3.68B | — |
| Q3 26 BEAT | $1.86 | $2.17 | +16.40% | $993.0M | +0.85% |
| Q2 26 BEAT | $2.11 | $2.22 | +5.12% | $1.06B | +2.11% |
| Q1 26 BEAT | $0.63 | $0.92 | +46.17% | $818.8M | +5.45% |