Qorvo's earnings call highlighted strong performance in key segments like DNA and CSG, with record revenues and significant content growth with its largest customer. However, challenges such as tariff uncertainties and strategic exits from lower-margin Android business present potential headwinds. Despite these challenges, the company's initiatives appear to be setting a solid foundation for future growth.

Company Guidance -

Q1 2026

In the recent Qorvo Inc. Fourth Quarter 2025 Earnings Conference Call, the company provided guidance reflecting a strategic focus on growth and operational efficiency. Qorvo reported a strong quarter with revenue of $869 million and non-GAAP diluted earnings of $1.42 per share, exceeding midpoint guidance. For fiscal year 2025, they achieved $3.7 billion in revenue with a non-GAAP gross margin of 45.2%, up 70 basis points year-over-year. The company highlighted a greater than 10% year-over-year content growth opportunity with its largest customer and projected double-digit revenue growth in both Connectivity & Sensors Group (CSG) and High Performance Analog (HPA) segments. This growth is anchored in expanding defense and aerospace businesses and increased automotive and Ultra-Wideband opportunities. The company also outlined margin improvement strategies, such as exiting legacy Android programs and consolidating manufacturing operations, including the closure of its Costa Rica facility. For the upcoming quarter, Qorvo forecasts revenue of $775 million, with non-GAAP gross margins between 42% and 44%, and diluted EPS ranging from $0.50 to $0.75, amid a dynamic global trade environment and ongoing supply chain challenges.

Record Revenue in Defense and Aerospace (DNA) Segment

Qorvo's DNA segment posted a record revenue quarter, marking the third consecutive year of year-over-year revenue growth. The sales funnel for the DNA business currently exceeds $5 billion, with plans to scale the business to $1 billion annually.

Double-Digit Revenue Growth in CSG and HPA Segments

For fiscal year 2025, both the Connectivity and Sensors Group (CSG) and High Performance Analog (HPA) segments grew revenue double digits, driven by strong demand in areas such as Ultra-Wideband technology and power management.

Strong Content Growth with Largest Customer

Qorvo achieved greater than 10% year-over-year content growth with its largest customer, driven by the ramp-up of the envelope tracking power management solution and additional wins in antenna tuning and ultra-high band content.

Strategic Expansion in Automotive and Consumer Markets

Qorvo expanded its automotive connectivity footprint in Japan and began production of its first power management IC for wearables, indicating successful diversification efforts.

Significant Free Cash Flow Generation

Qorvo generated $485 million in free cash flow for fiscal 2025, returning over $350 million to shareholders via share repurchases and retiring over $400 million of debt.

Qorvo (QRVO) Earnings, Revenues Date & History

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QRVO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 30, 2025	2026 (Q1)	0.63 / -	0.87	―	―	―
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)	―
May 03, 2023	2023 (Q4)	0.13 / 0.26	3.12	-91.67% (-2.86)	―

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
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%
Jul 30, 2024	$119.46	$119.80	+0.28%

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.