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Qorvo (QRVO)
NASDAQ:QRVO
Earnings Data
Report Date
May 06, 2026After Close (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
1.21Last Year’s EPS
1.42Same Quarter Last Year
Based on 16 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call balances clear operational and financial progress — strong Q3 revenue, notable margin expansion (≈+260 bps YoY), solid free cash flow, strategic product wins (iPad high-band pad, automotive UWB, Wi‑Fi 8 samples), and actions to improve capital intensity — against meaningful near-term top-line headwinds driven by an intentional exit from lower-margin Android mass-tier (~$300M FY2027 impact), loss of share in some ultra-high band sockets, and a mid-single-digit revenue decline forecast for FY2027. Management emphasizes a portfolio shift toward higher-margin HPA and defense markets and targets full-year gross margins above 50% and EPS approaching $7, indicating confidence in improved profitability despite lower revenue. Overall, the positives around margin improvement, cash generation, and strategic repositioning outweigh the near-term revenue declines.Company Guidance
Strong Q3 Financial Performance
Q3 revenue of $993M, non-GAAP gross margin of 49.1%, and non-GAAP diluted EPS of $2.17 — all above guidance.
Material Gross Margin Improvement
Non-GAAP gross margin improved approximately 260 basis points year-over-year in Q3; company expects similar improvement in Q4 and full-year FY2027 gross margins above 50%.
Robust Cash Generation and Liquidity
Quarter generated operating cash flow of ~$265M, capex of $28M, and free cash flow of ~$237M; cash and equivalents approximately $1.3B with long-term debt of ~$1.5B and no near-term maturities.
Inventory Reduction
Net inventory ended the quarter at $530M, a sequential reduction of $75M and a decrease of $111M versus the prior fiscal year-end.
HPA (High Performance Analog) Momentum and Defense Tailwinds
HPA expected to continue double-digit growth; DNA/defense markets forecasted to total ~ $500M in sales for fiscal 2027 driven by NDAA programs and RF content expansion.
Strategic Product and Commercial Wins
Won high-band pad placement in cellular-enabled iPad (new content), received first production orders for automotive ultra-wideband in December, delivered first Wi‑Fi 8 samples in December, and taped out first chip for next-generation enterprise SSD PMIC.
Manufacturing Optimization and Restructuring Progress
Closed Costa Rica facility ahead of schedule, transitioned production to external partners, and on track transferring SAW filter production to Greensboro (NC) and Richardson (TX) to reduce capital intensity.
Portfolio Rationalization for Profitability
Divested MEMS-based Sensing Solutions and are intentionally resizing Android exposure to reduce low-margin mass-tier business; management expects the improved mix plus OpEx discipline to drive expanding operating margins.
QRVO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
QRVO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 27, 2026 | $82.81 | $77.18 | -6.80% |
Nov 03, 2025 | $93.58 | $87.54 | -6.45% |
Jul 29, 2025 | $84.67 | $86.50 | +2.16% |
Apr 29, 2025 | $62.65 | $71.67 | +14.40% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Qorvo (QRVO) report earnings?
Qorvo (QRVO) is schdueled to report earning on May 06, 2026, After Close (Confirmed).
What is Qorvo (QRVO) earnings time?
Qorvo (QRVO) earnings time is at May 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is QRVO EPS forecast?
QRVO EPS forecast for the fiscal quarter 2026 (Q4) is 1.21.
