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Dec 27, 2025
Qorvo Q3 2026 Earnings Report
Qorvo reported strong fiscal third quarter 2026 results, with revenue, non-GAAP gross margin, and non-GAAP EPS all exceeding guidance, driven by strength at its largest customer and growth across all operating segments.
Key Takeaways
Qorvo announced robust financial results for its fiscal 2026 third quarter, with GAAP revenue reaching $993.0 million and diluted EPS of $1.75. Non-GAAP diluted EPS stood at $2.17, reflecting strong operational performance. The company saw significant year-over-year growth in revenue and operating income, primarily due to strong demand from its largest customer and growth in automotive, consumer Wi-Fi, D&A, base station, and power management sectors.
Qorvo's fiscal Q3 2026 revenue was $993.0 million, showing an 8.4% increase year-over-year.
GAAP diluted EPS was $1.75, while non-GAAP diluted EPS was $2.17, significantly higher than the previous year.
All operating segments (HPA, CSG, ACG) experienced year-over-year revenue growth, with notable strength in automotive components and Wi-Fi.
Non-GAAP gross margin improved to 49.1%, an increase of 2.6 percentage points compared to the prior year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Qorvo's outlook for the March 2026 quarter anticipates revenue of approximately $800 million, non-GAAP gross margin between 48% and 49%, and non-GAAP diluted earnings per share of $1.20.
Positive Outlook
- Anticipated non-GAAP gross margin between 48% and 49% for the March quarter, indicating continued profitability.
- Expected non-GAAP diluted earnings per share of $1.20, plus or minus 15 cents.
- Continued strength in High-Performance Analog (HPA) business.
- Year-over-year improvement in non-GAAP gross margin expected to continue in the March quarter.
- Ongoing execution on cost and productivity initiatives to structurally enhance gross and operating margins.
Challenges Ahead
- Seasonal decline at the largest customer is expected to impact March quarterly revenue.
- Ongoing strategic resizing of the Android business will affect revenue.
- Quarterly revenue expected to be approximately $800 million, plus or minus $25 million, which is lower than the current quarter.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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