QRVO Q3 2026

Q4 2026 Q3 2026 Q2 2026 Q1 2026

Earnings

Qorvo delivered a strong fiscal third quarter, posting non-GAAP EPS of $2.17, beating the $1.86 consensus estimate by 16.40%, as aggressive cost discipline and meaningful margin expansion drove results well ahead of expectations. Revenue of $992.96 m… Read more Qorvo delivered a strong fiscal third quarter, posting non-GAAP EPS of $2.17, beating the $1.86 consensus estimate by 16.40%, as aggressive cost discipline and meaningful margin expansion drove results well ahead of expectations. Revenue of $992.96 million rose 8.4% year-over-year and edged past the $984.60 million consensus by 0.85%, with all three operating segments contributing to the growth, led by the Advanced Cellular Group's $690.80 million in sales. The clearest driver behind the earnings beat was margin improvement, with non-GAAP gross margin expanding 260 basis points year-over-year to 49.1% and non-GAAP operating margin climbing to 24.9% from 19.4% a year ago, reflecting sustained cost and productivity initiatives that reduced operating expenses to $239.92 million. The company's pending merger with Skyworks Solutions added a new layer of complexity to the quarter's financials, with $14.72 million in merger-related costs recorded. Looking ahead, Qorvo guided fiscal Q4 revenue to approximately $800 million, reflecting seasonal softness at its largest customer, with non-GAAP EPS expected around $1.20, though the company anticipates sustaining its roughly 260 basis point gross margin improvement year-over-year.