Qorvo Inc

Latest Results (17.11.2025):

Qorvo Inc.'s fiscal 2026 second quarter results, ending on September 27, 2025, showcased strong operational performance. The company reported GAAP revenue of approximately $1.1 billion with a 47.0% gross margin, operating income of $157.7 million, and diluted EPS of $1.28. On a non-GAAP basis, its performance improved further with a 49.7% gross margin, operating income of $252.6 million, and diluted EPS of $2.22. These results reflect the company’s effective cost management, solid revenue mix across segments, and strategic positioning for future growth.

Revenue & Profitability

Qorvo Inc.'s fiscal 2026 Q2 GAAP revenue reached about $1.1 billion, up from prior periods, while its GAAP gross margin improved to 47.0%. On a non-GAAP basis, higher margins of 49.7% and operating improvements were noted, contributing to diluted EPS of $2.22 compared to $1.28 under GAAP, indicating strong profitability and efficient cost management.

Segment Performance

The company’s earnings were driven by its diverse operating segments. In the Advanced Connectivity Group (ACG), revenue grew significantly with a 36.0% sequential increase, while the High Power Applications (HPA) segment recorded notable growth in digital and infrastructure initiatives. Conversely, the Connectivity Solutions Group (CSG) experienced a revenue decline, prompting restructuring efforts to refocus on high-opportunity markets such as automotive and industrial sectors.

Outlook & Future Guidance

Management expressed optimism for the December 2025 quarter, expecting year-over-year revenue growth and further margin expansion. The outlook provided guidance for quarterly revenue to be around $985 million (±$50 million), a non-GAAP gross margin between 47% and 49%, and non-GAAP diluted EPS of approximately $1.85 (±20 cents), reinforcing a positive trajectory for Qorvo Inc.'s future performance.