Qorvo sees Q3 EPS $1.85 +/- $50M, consensus $1.88

Sees Q3 revenue $985M +/- $50M, consensus $982.29M. Grant Brown, chief financial officer of Qorvo (QRVO), said, “Qorvo’s second quarter revenue, non-GAAP gross margin, and non-GAAP EPS exceeded the midpoint of guidance. Second quarter non-GAAP gross margin of 49.7% represented a 270 basis-point improvement over last fiscal year. We are improving the mix of revenue within and across operating segments and successfully executing on cost and productivity initiatives. We expect this to structurally enhance margins and improve profitability this year and in fiscal 2027.”