Qorvo Earnings Reports

Qorvo exceeded high-end guidance on non-GAAP EPS and gross margin for Q1 2026. While revenue fell year-over-year, profitability improved due to cost initiatives and stronger mix.

Qorvo exceeded the midpoint of its revenue, gross margin, and EPS guidance for the fourth quarter of fiscal 2025, achieving stronger than seasonal sequential revenue and expanding gross margin year-over-year. The company also generated significant free cash flow during the quarter and the full fiscal year.

Qorvo's fiscal 2025 third quarter saw a GAAP revenue of $916.3 million, with a gross margin of 42.7%, operating income of $53.0 million, and diluted earnings per share of $0.43. The company is executing on strategic initiatives to expand margin, generate strong free cash flow, and increase shareholder value.

Qorvo reported Q2 2025 revenue of $1.047 billion. While ACG supported a large customer's smartphone ramp, unfavorable mix and a shift in Android 5G demand are expected to impact future results. Full-year fiscal 2025 revenue and gross margin are expected to be slightly down compared to fiscal 2024.

Qorvo announced its fiscal 2025 first quarter financial results, with revenue of $887 million, a 36% increase year-over-year. The company exceeded its revenue guidance by $37 million and fully integrated Anokiwave into Qorvo.

Qorvo announced its fiscal 2024 fourth-quarter results, with revenue reaching $941 million, a 49% year-over-year increase. GAAP EPS was $0.03, while non-GAAP EPS was $1.39. The company completed the acquisition of Anokiwave and anticipates modest revenue growth and margin improvement for fiscal year 2025.

Qorvo reported a strong fiscal Q3 2024, exceeding revenue guidance by $49 million with a 44% year-over-year increase. The company saw improvements in the Android ecosystem and expects year-over-year revenue growth across all operating segments in the March quarter. Qorvo also generated record cash flow from operations and free cash flow during the quarter.

Qorvo reported strong second-quarter results, exceeding revenue guidance by $103 million. The company saw sequential growth in all three operating segments (ACG, CSG, and HPA) and secured key design wins. Qorvo anticipates year-over-year revenue growth in fiscal year 2024.

Qorvo's Q1 2024 revenue was $651 million. The company reported a GAAP loss per share of $0.44 and a non-GAAP diluted earnings per share of $0.34. They expect improved financial performance in the September quarter.

Qorvo reported Q4 fiscal 2023 results with revenue of $633 million and a GAAP loss per share of $1.39. Non-GAAP EPS was $0.26. The company is reducing Android channel inventory and anticipates sequential revenue growth in the coming quarters.

Qorvo's Q3 2023 revenue was $743 million. The company reported a GAAP loss per share of $0.16 and a non-GAAP diluted earnings per share of $0.75. Channel inventories declined during the quarter, and further declines are expected in the next quarter.

Qorvo's fiscal 2023 second quarter saw revenue of $1.158 billion. GAAP diluted earnings per share was $1.82, while non-GAAP diluted earnings per share was $2.66. The company is adjusting to weakening end-market demand and taking steps to reduce inventory.

Qorvo announced its fiscal year 2023 first quarter results, with revenue of $1.035 billion. The company's GAAP diluted earnings per share was $0.65, while the non-GAAP diluted earnings per share was $2.25. Despite facing macroeconomic headwinds, Qorvo is investing in product and technology leadership and expanding its reach in higher growth end markets.

Qorvo's Q4 2022 revenue was $1.166 billion. GAAP diluted earnings per share was $1.95, while non-GAAP diluted earnings per share was $3.12. The company's strategic highlights included a multi-million dollar order for SiC power device solutions and design wins for massive MIMO small signal infrastructure applications.

Qorvo reported Q3 2022 financial results with revenue of $1.114 billion, GAAP EPS of $1.95, and non-GAAP EPS of $2.98. The company outperformed the midpoint of its guidance, driven by sustained year-over-year revenue growth supported by multiyear secular growth drivers in 5G, IoT connectivity, defense and power.

Qorvo announced financial results for the Company’s fiscal 2022 second quarter ended October 2, 2021. On a GAAP basis, revenue for Qorvo’s fiscal 2022 second quarter was $1.255 billion, gross margin was 49.5%, operating income was $362 million and diluted earnings per share was $2.84.

Qorvo reported revenue of $1.110 billion for Q1 2022, with a GAAP EPS of $2.51 and a non-GAAP EPS of $2.83. The company experienced robust end market demand and a strong outlook, leading to investments in new product areas and differentiated technologies.

Qorvo's Q4 2021 revenue was $1.073 billion, exceeding expectations driven by demand in 5G handsets and Wi-Fi 6 and 6E. The company's outlook is strong, enabling multiyear upgrade cycles and introducing disruptive technologies. Qorvo acquired NextInput, expanding its technology portfolio.

Qorvo announced financial results for the Company’s fiscal 2021 third quarter, ended January 2, 2021. On a GAAP basis, revenue for the quarter was $1.1 billion, gross margin was 49.1%, operating income was $299 million and diluted earnings per share was $1.74. On a non-GAAP basis, gross margin was 54.4%, operating income was $401 million and diluted earnings per share was $3.08.

Qorvo's fiscal 2021 second quarter saw revenue of $1.06 billion, a GAAP gross margin of 46.4%, operating income of $222 million, and diluted earnings per share of $1.18. Non-GAAP figures include a gross margin of 51.7%, operating income of $329 million, and diluted earnings per share of $2.43. The quarter benefited from diversified customer strength and technology upgrade cycles like 5G and Wi-Fi 6.

Qorvo reported revenue of $787 million and GAAP EPS of $0.83 for Q1 2021. The company's results exceeded expectations due to the rollout of 5G and operational performance.

Qorvo's Q4 2020 revenue was $788 million, with a GAAP EPS of $0.43 and a non-GAAP EPS of $1.57. The company is operating well, focusing on keeping employees, partners and communities healthy, while supporting customers and advancing technology.

Qorvo announced financial results for the fiscal 2020 third quarter. Revenue was $869 million, with a GAAP diluted earnings per share of $1.36 and a non-GAAP diluted earnings per share of $1.86. The company is acquiring Decawave and Custom MMIC to expand its technology portfolio and product offerings.