QRVO

It has been about a month since the last earnings report for Qorvo (QRVO). Shares have added about 17.8% in that time frame, outperforming the S&P 500. But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Qorvo due for a pullback? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent drivers for Qorvo, Inc. before we dive into how investors and analysts have reacted as of late. Qorvo Q4 Earnings Surpass Estimates Despite Lower Revenue GrowthQorvo reported relatively healthy fourth-quarter fiscal 2026 results, with both top and bottom lines beating the Zacks Consensus Estimate.During the quarter, the company’s weak smartphone demand continued to pressure revenues. However, the company managed to improve profitability through better cost control and a stronger product mix.Net IncomeOn a GAAP basis, the company reported a net income of $29.7 million or 32 cents per share compared with $31.4 million or 33 cents per share in the prior-year quarter, primarily due to lower net sales and higher operating expenses.Non-GAAP net income was $156.8 million or $1.69 per share compared with $133.3 million or $1.42 per share in the year-ago quarter. The bottom line surpassed the Zacks Consensus Estimate by 48 cents.For 2026, Qorvo reported GAAP net income of $339 million or $3.62 per share compared with $55.6 million or 58 cents per share in 2025.RevenuesNet sales during the quarter declined to $808.3 million from $869.5 million in the prior-year quarter. The top line beat the Zacks Consensus Estimate of $799.7 million. For 2026, revenues decreased to $3.68 billion from $3.72 billion in 2025.Segmental PerformanceThe High-Performance Analog segment contributed $202.7 million in revenues compared with $187.9 million in the year-ago quarter, mainly driven by demand for 5G network equipment, defense and aerospace systems, Wi-Fi devices and industrial electronics.Revenues from the Connectivity and Sensors Group segment were $93.3 million compared with $101.3 million in the year-earlier quarter. Net sales in the Advanced Cellular Group segment were $512.3 million, down 11.7% year over year.Other DetailsNon-GAAP gross profit was $425.2 million compared with $398.7 million in the year-ago quarter, with respective margins of 52.6% and 45.9%. Non-GAAP o...

Qorvo (QRVO) reported fiscal Q4 adjusted earnings late Tuesday of $1.69 per diluted share, up from $

Qorvo, Inc. QRVO reported relatively healthy fourth-quarter fiscal 2026 results, with both top and bottom lines beating the Zacks Consensus Estimate. During the quarter, the company’s weak smartphone demand continued to pressure revenues. However, the company managed to improve profitability through better cost control and a stronger product mix. On a GAAP basis, the company reported a net income of $29.7 million or 32 cents per share compared with $31.4 million or 33 cents per share in the prior-year quarter, primarily due to lower net sales and higher operating expenses. Non-GAAP net income was $156.8 million or $1.69 per share compared with $133.3 million or $1.42 per share in the year-ago quarter. The bottom line surpassed the Zacks Consensus Estimate by 48 cents. For 2026, Qorvo reported GAAP net income of $339 million or $3.62 per share compared with $55.6 million or 58 cents per share in 2025. Qorvo, Inc. price-consensus-eps-surprise-chart | Qorvo, Inc. Quote Net sales during the quarter declined to $808.3 million from $869.5 million in the prior-year quarter. The top line beat the Zacks Consensus Estimate of $799.7 million. For 2026, revenues decreased to $3.68 billion from $3.72 billion in 2025. The High-Performance Analog segment contributed $202.7 million in revenues compared with $187.9 million in the year-ago quarter, mainly driven by demand for 5G network equipment, defense and aerospace systems, Wi-Fi devices and industrial electronics. Revenues from the Connectivity and Sensors Group segment were $93.3 million compared with $101.3 million in the year-earlier quarter. Net sales in the Advanced Cellular Group segment were $512.3 million, down 11.7% year over year. Non-GAAP gross profit was $425.2 million compared with $398.7 million in the year-ago quarter, with respective margins of 52.6% and 45.9%. Non-GAAP operating expenses decreased to $235 million from $246.8 million a year ago. Non-GAAP operating income was $190.2 million compared with $151.8 million in the year-ago quarter. As of March 28, 2026, QRVO had $1.22 billion in cash and cash equivalents and $1.55 billion of long-term debt compared with respective tallies of $1.02 billion and $1.55 billion a year ago. The company generated $276.3 million in cash from operations compared with $199.2 million in the year-earlier quarter. For 2026, the company generated $808.6 million of cash from...

For the quarter ended March 2026, Qorvo (QRVO) reported revenue of $808.28 million, down 7% over the same period last year. EPS came in at $1.69, compared to $1.42 in the year-ago quarter. The reported revenue represents a surprise of +1.08% over the Zacks Consensus Estimate of $799.68 million. With the consensus EPS estimate being $1.21, the EPS surprise was +40.17%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Qorvo performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Revenue- HPA: $202.7 million compared to the $205.45 million average estimate based on four analysts. The reported number represents a change of +7.9% year over year. Revenue- ACG: $512.3 million versus the four-analyst average estimate of $482.36 million. The reported number represents a year-over-year change of -11.7%. Revenue- CSG: $93.3 million compared to the $111.74 million average estimate based on four analysts. The reported number represents a change of -7.9% year over year. View all Key Company Metrics for Qorvo here>>> Shares of Qorvo have returned +16.5% over the past month versus the Zacks S&P 500 composite's +9.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Qorvo, Inc. (QRVO) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

GREENSBORO, N.C., May 05, 2026 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq:QRVO), a leading global provider of connectivity and power solutions, today announced financial results for the Company’s fiscal 2026 fourth quarter ended March 28, 2026. On a GAAP basis, revenue for Qorvo’s fiscal 2026 fourth quarter was $808.3 million, gross margin was 48.9%, operating income was $31.5 million, and diluted earnings per share was $0.32. On a non-GAAP basis, gross margin was 52.6%, operating income was $190.2 million, and diluted earnings per share was $1.69. Bob Bruggeworth, president and chief executive officer of Qorvo, said, “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.” Financial Commentary Grant Brown, chief financial officer of Qorvo, said, "During the fiscal fourth quarter, Qorvo generated $255 million of free cash flow and repurchased $400 million of shares outstanding, representing a reduction of approximately 5% of common stock outstanding versus the prior quarter. Qorvo completed its fiscal fourth quarter with a cash balance of $1.2 billion." Given Qorvo's pending transaction with Skyworks, Qorvo has discontinued conducting conference calls and providing forward-looking guidance. Qorvo's fiscal 2027 will be a 53-week year, and its fiscal second quarter, ending Saturday, October 3, 2026, will include 14 weeks. See "Forward-looking non-GAAP financial measures" below. Qorvo's actual results may differ from these expectations and projections, and such differences may be material. Selected Financial Information The following tables set forth selected GAAP and non-GAAP financial information for Qorvo for the periods indicated. See the more detailed financial information for Qorvo, including reconciliations of GAAP and non-GAAP financial information, attached. (1) Adjusted for stock-based compensation expense; amortization of...

Skyworks beat Q2 guidance with revenue of $944 million and diluted EPS of $1.15, posted net income of $173 million, maintained about $1.4 billion in cash vs. $1 billion in debt, and paid $107 million in quarterly dividends. Management announced a “significant multi-generational design win” with a leading Android OEM expected to generate over $1 billion through 2030, while mobile (58% of sales) and broad markets (42%)—led by Wi‑Fi, data center and automotive—continue to drive growth. Skyworks guided Q3 revenue of $900–950 million and gross margin of ~44.5–45.5% (flat sequentially), and said regulatory review of the planned Qorvo combination is progressing toward an early‑2027 close with expected synergies of $500 million or more. Interested in Skyworks Solutions, Inc.? Here are five stocks we like better. MarketBeat Week in Review – 06/23 - 6/27 Skyworks Solutions (NASDAQ:SWKS) reported fiscal second-quarter 2026 results that came in above its guidance, citing strength in both its mobile business and broad markets portfolio. Management also highlighted a “significant multi-generational design win” with a leading Android OEM, new product introductions tied to future wireless standards, and progress on its planned combination with Qorvo. Chief Financial Officer Philip Carter said Skyworks delivered revenue of $944 million, which exceeded the high end of the company’s guidance range. Diluted earnings per share were $1.15, also above guidance, as Skyworks posted net income of $173 million. → Roblox Stock Slides to New Low as Safety Changes Weigh on Outlook Skyworks Stock Down 16% in 2025, Poised for AI Edge Surge Carter said Skyworks’ largest customer represented approximately 60% of revenue in the quarter. Mobile made up 58% of total revenue and came in ahead of expectations “driven by healthy sell-through at our top customer and product execution.” Broad markets represented 42% of sales, grew 10% year-over-year, and outperformed management’s expectations due to growth “across Wi-Fi, data center, and automotive.” Gross profit was $425 million, with gross margin of 45%, which Carter said was in line with the midpoint of guidance. He noted that input costs remained “a modest headwind” to gross margin, though the company has used cost controls and “selective price adjustments” to offset pressures. Operating income was $189 million, or a 20% operating margin, with o...

GREENSBORO, N.C. (AP) — GREENSBORO, N.C. (AP) — Qorvo Inc. (QRVO) on Tuesday reported fiscal fourth-quarter net income of $29.7 million. The Greensboro, North Carolina-based company said it had net income of 32 cents per share. Earnings, adjusted for one-time gains and costs, were $1.69 per share. The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.21 per share. The chipmaker posted revenue of $808.3 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $799.7 million. For the year, the company reported profit of $339 million, or $3.62 per share. Revenue was reported as $3.68 billion. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on QRVO at https://www.zacks.com/ap/QRVO

Qorvo (QRVO) came out with quarterly earnings of $1.69 per share, beating the Zacks Consensus Estimate of $1.21 per share. This compares to earnings of $1.42 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +40.17%. A quarter ago, it was expected that this chipmaker would post earnings of $1.87 per share when it actually produced earnings of $2.17, delivering a surprise of +16.04%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Qorvo, which belongs to the Zacks Semiconductors - Radio Frequency industry, posted revenues of $808.28 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 1.08%. This compares to year-ago revenues of $869.47 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Qorvo shares have added about 9.5% since the beginning of the year versus the S&P 500's gain of 5.2%. While Qorvo has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Qorvo was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It...

Communications chips maker Qorvo (NASDAQ: QRVO) will be reporting results this Tuesday after market close. Here’s what to expect. Qorvo met analysts’ revenue expectations last quarter, reporting revenues of $993 million, up 8.4% year on year. It was an exceptional quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ adjusted operating income estimates. Is Qorvo a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members. This quarter, the market is expecting Qorvo’s revenue to decline 7.9% year on year, in line with the 7.6% decrease it recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Qorvo has a history of exceeding Wall Street’s expectations. Looking at Qorvo’s peers in the processors and graphics chips segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Intel delivered year-on-year revenue growth of 7.2%, beating analysts’ expectations by 9.6%, and Penguin Solutions reported a revenue decline of 6.2%, topping estimates by 0.8%. Intel traded up 23.6% following the results while Penguin Solutions was also up 13.4%. Read our full analysis of Intel’s results here and Penguin Solutions’s results here. There has been positive sentiment among investors in the processors and graphics chips segment, with share prices up 34.9% on average over the last month. Qorvo is up 17.2% during the same time and is heading into earnings with an average analyst price target of $88.93 (compared to the current share price of $93.13). ONE MORE THING: The $21 AI Application Stock Wall Street Forgot. While Wall Street obsesses over who’s building AI, one company is already using it to print money. And nobody’s paying attention. AI chip stocks trade at ridiculous valuations. This company processes a trillion consumer signals monthly using AI and trades at a third of the price. The gap won’t last. The institutions will figure it out. You need to see this first. Read the FREE Report Before They Notice.

Qorvo, Inc. QRVO is set to report fourth-quarter fiscal 2026 results on May 5, after the closing bell. In the last reported quarter, the company delivered an earnings surprise of 16.04%. It pulled off a trailing four-quarter earnings surprise of 28.6%, on average. The leading provider of radio frequency solutions is expected to witness a decline in revenues year over year, due to weakness across key segments. However, its continued focus on innovation and portfolio expansion across various markets is a tailwind. During the fourth quarter of fiscal 2026, Qorvo is expected to have benefited from improving order trends and some inventory restocking, which might have helped stabilize shipments to key smartphone customers. Seasonal demand could have also provided modest support in revenue generation. During the to-be-reported quarter, Qorvo continues to expand its presence in connectivity, defense, and automotive markets. Ongoing product launches and design wins in Wi-Fi, power management, and RF solutions are likely to support its future growth. However, Qorvo operates in a highly competitive market, where pricing pressure remains a key concern. Macroeconomic headwinds, such as supply chain challenges, raw material cost volatility, tariffs and geopolitical tensions, might have continued to weigh on its net sales in the fourth quarter of fiscal 2026. Revenues from the High-Performance Analog (HPA) segment are expected to be $205.45 million, indicating an increase from the prior-year quarter’s tally of $187.86 million. Net sales from the Connectivity and Sensors Group (CSG) segment are pegged at $111.74 million, implying growth from $101.28 million reported in the year-ago quarter. The consensus estimate for revenues from the Advanced Cellular Group (ACG) segment is pegged at $482.36 million, indicating a significant decline from $580.33 million in the year-ago quarter. For the March quarter, the Zacks Consensus Estimate for total revenues is pegged at $799.68 million, indicating a decline from $869.47 million recorded a year ago. The consensus mark for earnings is pegged at $1.21 per share, suggesting a fall from $1.42 in the year-ago quarter. Our proven model does not predict an earnings beat for Qorvo for the fiscal fourth quarter. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnin...

GREENSBORO, N.C., April 21, 2026 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, will distribute fiscal 2026 fourth quarter financial results at approximately 4:00 p.m. (ET) on Tuesday, May 5, 2026. The press release will be available on the Company's Investor Relations website at the following URL: https://ir.qorvo.com (under "Financial Releases"). Given Qorvo's pending transaction with Skyworks, Qorvo has discontinued conducting conference calls and providing forward-looking guidance. About Qorvo Qorvo (Nasdaq:QRVO) supplies innovative semiconductor solutions that make a better world possible. We combine product and technology leadership, systems-level expertise and global manufacturing scale to quickly solve our customers' most complex technical challenges. Qorvo serves diverse high-growth segments of large global markets, including automotive, consumer, defense & aerospace, industrial & enterprise, infrastructure and mobile. Visit www.qorvo.com to learn how our diverse and innovative team is helping connect, protect and power our planet. Qorvo is a registered trademark of Qorvo, Inc. in the U.S. and in other countries. All other trademarks are the property of their respective owners. This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about our plans, objectives, representations and contentions, and are not historical facts and typically are identified by terms such as "may," "will," "should," "could," "expect," "plan," "anticipate," "believe," "estimate," "forecast," "predict," "potential," "continue" and similar words, although some forward-looking statements are expressed differently. You should be aware that the forward-looking statements included herein represent management's current judgment and expectations as of the date the statement is first made, but our actual results, events and performance could differ materially from those expressed or implied by forward-looking statements. We caution you not to place undue reliance upon any such forward-looking statements. We do not intend to update any of these forward-looking statements or publicly announce the results of any revisions to these forward-looking s...

As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the processors and graphics chips industry, including Qorvo (NASDAQ:QRVO) and its peers. The biggest demand drivers for processors (CPUs) and graphics chips at the moment are secular trends related to 5G and Internet of Things, autonomous driving, and high performance computing in the data center space, specifically around AI and machine learning. Like all semiconductor companies, digital chip makers exhibit a degree of cyclicality, driven by supply and demand imbalances and exposure to PC and Smartphone product cycles. The 9 processors and graphics chips stocks we track reported a very strong Q4. As a group, revenues beat analysts’ consensus estimates by 2.1% while next quarter’s revenue guidance was above. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 7.4% since the latest earnings results. Formed by the merger of TriQuint and RF Micro Devices, Qorvo (NASDAQ: QRVO) is a designer and manufacturer of RF chips used in almost all smartphones globally, along with a variety of chips used in networking equipment and infrastructure. Qorvo reported revenues of $993 million, up 8.4% year on year. This print was in line with analysts’ expectations, and overall, it was an exceptional quarter for the company with a beat of analysts’ EPS estimates and an impressive beat of analysts’ adjusted operating income estimates. Bob Bruggeworth, president and chief executive officer of Qorvo, said, "Qorvo's December quarterly revenue primarily reflects strength at our largest customer. Each of our operating segments grew revenue year-over-year, with notable strength in automotive components, consumer and enterprise Wi-Fi, D&A, base station, and power management. Looking forward, our March quarterly outlook reflects the seasonal decline at our largest customer, the ongoing strategic resizing of our Android business, and continued strength in HPA." Unsurprisingly, the stock is down 6.4% since reporting and currently trades at $77.52. Is now the time to buy Qorvo? Access our full analysis of the earnings results here, it’s free. Based in the US, Penguin Solutions (NASDAQ:PENG) is a diversified semiconductor company offering memory, digital, and LED products. Penguin Solutions reported revenues of $343.1 million, flat year on year, outperfo...