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.
QRVO YoY Financials
Q4 2026 vs Q4 2025, source: SEC Filings
QRVO Revenue by Segment
With YoY comparisons, source: SEC Filings
“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
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% |