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Sep 27, 2025
Qorvo Q2 2026 Earnings Report
Qorvo reported strong revenue and profitability growth in Q2 2026, driven by mobile and infrastructure markets.
Key Takeaways
Qorvo exceeded expectations in Q2 2026 with $1.06 billion in revenue and notable improvements in both GAAP and non-GAAP profitability. The company saw strong momentum in ACG and HPA segments and expanded margins through improved product mix and cost efficiency.
Revenue reached $1.06B, slightly above prior year levels.
Non-GAAP EPS rose to $2.22, exceeding expectations.
ACG segment led performance with $777M in revenue.
Gross margin improved significantly YoY on a GAAP and non-GAAP basis.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Qorvo expects revenue decline in Q3 but maintains margin strength, supported by customer momentum and product mix improvements.
Positive Outlook
- Continued strength in mobile and D&A markets.
- Non-GAAP gross margin expected between 47% and 49%.
- Improved revenue mix across segments.
- Structural improvements to margins from cost initiatives.
- Strong customer demand from strategic accounts.
Challenges Ahead
- Sequential revenue decline projected (~$985M Q3 midpoint).
- CSG segment showed YoY revenue contraction.
- Expected EPS decline from Q2 levels.
- Ongoing restructuring-related charges may impact results.
- Challenging macro environment in some verticals.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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