The Investor
28 Jan 2026, 12:22
Qorvo reported fiscal third-quarter 2026 results showing solid profitability, supported by broad-based demand across key end markets. Revenue for the December quarter totaled $993.0 million, with GAAP diluted earnings per share of $1.75 and non-GAAP EPS of $2.17. Non-GAAP gross margin improved to 49.1%, reflecting continued progress in cost control and productivity initiatives.
Management highlighted year-over-year growth across all operating segments, driven by strength in automotive components, consumer and enterprise Wi-Fi, defense and aerospace, base stations, and power management. Looking ahead, Qorvo guided for March-quarter revenue of about $800 million, citing seasonal softness at its largest customer and ongoing restructuring of its Android business, while expecting non-GAAP gross margin of 48%–49% and EPS of around $1.20.
Management highlighted year-over-year growth across all operating segments, driven by strength in automotive components, consumer and enterprise Wi-Fi, defense and aerospace, base stations, and power management. Looking ahead, Qorvo guided for March-quarter revenue of about $800 million, citing seasonal softness at its largest customer and ongoing restructuring of its Android business, while expecting non-GAAP gross margin of 48%–49% and EPS of around $1.20.