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 exceeding guidance.
Content Growth at Largest Customer
Qorvo achieved more than 10% content growth year-over-year in the fall launch at its largest customer, contributing to strong revenue performance.
Defense and Aerospace Growth
Defense and Aerospace (D&A) remains HPA's largest market by revenue, with expectations of durable year-over-year growth supported by increases in U.S. and allied defense spending.
Wi-Fi 7 and Ultra-Wideband Opportunities
Qorvo secured a Wi-Fi 7 design win in augmented reality glasses and is leveraging its ultra-wideband and Matter portfolio to scale new use cases and diversify revenue.
Infrastructure and DOCSIS 4.0 Momentum
Strong momentum in DOCSIS 4.0 broadband cable access, with Qorvo releasing two new GaN-based power doubler amplifiers.
Improved Financial Metrics
Operating cash flow of $183 million and free cash flow of $145 million were reported, showing financial health and operational efficiency.