Qorvo (QRVO) Q4 2026 Earnings
How Did QRVO Stock React to Q4 2026 Earnings?
S&P 500 over the same 30 days: +0.73%.
Did QRVO Beat Earnings? Q4 2026 Results
Yes. Qorvo reported Q4 2026 earnings of $1.69 a share on May 5, 2026, beating the $1.21 consensus estimate by 39.5%. Revenue was $808.3M against a $801.8M estimate.
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 <a href="https://247wallst.com/investing/2026/03/14/skyworks-vs-qorvo-two-rf-chip-giants-fighting-for-the-same-5g-dollar/">two RF chip rivals</a> 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.
- 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%
“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.”
Qorvo CEO, on the earnings call
What Was Qorvo's Outlook in Q4 2026?
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.
QRVO YoY Financials
| Metric | Q4 2026 | Q4 2025 | Year over year |
|---|---|---|---|
| Revenue | $808.3M | $869.5M | −7.0% |
| Gross Profit | $395.0M | $366.6M | +7.8% |
| Operating Income | $31.5M | $28.2M | +11.7% |
| Net Income | $29.7M | $31.4M | −5.2% |
QRVO Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.