The earnings call reflects a strong performance in the first quarter with significant achievements in defense, aerospace, and automotive markets. However, challenges in the Android segment and delayed CSG growth, coupled with trade uncertainties, present notable concerns. While Qorvo is making strategic adjustments to optimize costs and expand high-margin businesses, macroeconomic and geopolitical dynamics remain a risk.

Company Guidance -

Q2 2026

During Qorvo Inc.'s fiscal 2026 first quarter earnings call, robust performance was reported across its operating segments, with a revenue of $819 million, exceeding guidance. The company achieved a non-GAAP gross margin of 44% and non-GAAP diluted earnings of $0.92 per share. The largest customer accounted for 41% of revenue. Qorvo's strategic focus includes diversifying revenue streams and expanding content with new Wi-Fi 7 and ultra-wideband investments. The defense and aerospace segment is expected to experience durable growth due to increased U.S. and allied defense spending. Additionally, Qorvo forecasts $1.025 billion in revenue for the second quarter, with a non-GAAP gross margin between 48% and 50% and non-GAAP diluted EPS of $2. The company is also engaged in strategic actions such as optimizing its manufacturing footprint, including the closure of its North Carolina fab. Despite macroeconomic uncertainties, Qorvo is confident in its strategic initiatives and expects continued profitability expansion into fiscal 2027.

Strong First Quarter Performance

Qorvo delivered a strong first quarter of fiscal 2026 with revenue of $819 million, non-GAAP gross margin of 44%, and non-GAAP diluted earnings of $0.92 per share, all surpassing guidance.

Defense and Aerospace Growth

Qorvo's defense and aerospace sales funnel increased by approximately $2 billion sequentially to over $7 billion, driven by rising U.S. and international defense spending.

Automotive Market Success

Secured ultra-wideband design wins for leading automotive OEMs in Japan and South Korea, supporting automotive use cases like secure access and asset tracking.

Wi-Fi Technology Advancements

Secured a Wi-Fi 7 design win in augmented reality glasses, expanding Qorvo's presence in consumer electronics and supporting flagship smartphones with Wi-Fi 7 front ends.

Content Growth at Largest Customer

Achieved greater than 10% content growth in this year's fall launch at their largest customer, contributing to strong unit volumes and increased revenue.

Strategic Cost Optimizations

Ongoing strategic actions include fab consolidations and business divestitures, expected to improve cost efficiencies and margins over time.

Qorvo (QRVO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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QRVO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2026 (Q2)	2.03 / -	1.88	―	―	―
Jul 29, 2025	2026 (Q1)	0.63 / 0.92	0.87	5.75% (+0.05)	―
Apr 29, 2025	2025 (Q4)	1.00 / 1.42	1.39	2.16% (+0.03)	―
Jan 28, 2025	2025 (Q3)	1.21 / 1.61	2.1	-23.33% (-0.49)	―
Oct 29, 2024	2025 (Q2)	1.85 / 1.88	2.39	-21.34% (-0.51)	―
Jul 30, 2024	2025 (Q1)	0.71 / 0.87	0.34	155.88% (+0.53)	―
May 01, 2024	2024 (Q4)	1.21 / 1.39	0.26	434.62% (+1.13)	―
Jan 31, 2024	2024 (Q3)	1.66 / 2.10	0.75	180.00% (+1.35)	―
Nov 01, 2023	2024 (Q2)	1.77 / 2.39	2.66	-10.15% (-0.27)	―
Aug 02, 2023	2024 (Q1)	0.15 / 0.34	2.25	-84.89% (-1.91)	―

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
Jul 29, 2025	$84.67	$86.50	+2.16%
Apr 29, 2025	$62.65	$71.67	+14.40%
Jan 28, 2025	$85.78	$86.03	+0.29%
Oct 29, 2024	$100.48	$73.04	-27.31%

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.