Qorvo, Inc. (QRVO) Earnings
Qorvo, Inc. is expected to report next earnings on August 4, 2026 (in NaN days), with a consensus EPS estimate of $1.07. QRVO has beaten EPS estimates in 12 of its last 12 reported quarters (average surprise +28.4% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 5, 2026 | $1.21 | $1.69 | +39.7% | $808M | +0.9% |
| Jan 27, 2026 | $1.87 | $2.17 | +16.0% | $993M | +23.9% |
| Oct 28, 2025 | $2.03 | $2.22 | +9.4% | $1.1B | +7.7% |
| Jul 29, 2025 | $0.62 | $0.92 | +48.4% | $819M | -15.0% |
| Jan 28, 2025 | $1.21 | $1.61 | +33.1% | $916M | +7.7% |
| May 1, 2024 | $1.21 | $1.39 | +14.9% | $941M | +1.6% |
| Jan 31, 2024 | $1.65 | $2.10 | +27.3% | $1.1B | +7.0% |
| Nov 1, 2023 | $1.77 | $2.39 | +35.0% | $1.1B | +10.2% |
| Aug 2, 2023 | $0.15 | $0.34 | +126.7% | $651M | +1.8% |
| May 3, 2023 | $0.12 | $0.26 | +116.7% | $633M | +1.8% |
| Feb 1, 2023 | $0.64 | $0.75 | +17.2% | $743M | +2.4% |
| Nov 2, 2022 | $2.55 | $2.66 | +4.3% | $1.2B | +2.4% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q3 FY2026 · January 27, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Restructuring actions: Closed Costa Rica facility, transferred SAW filter production to Greensboro and Richardson on track. - ACG: Revenue trends, customer relationships, product portfolio details. - CSG: Ultra-wideband progress in automotive, divestment impact. - HPA: Market tailwinds, DNA and power management growth.
Guidance
- Fiscal Q4 guidance: Revenue ~$800M plus or minus $25M, non-GAAP gross margin 48-49%, non-GAAP diluted EPS ~$1.20 plus or minus 15¢. - FY2027 outlook: mid-single-digit revenue decline, gross margin above 50%, EPS approaching $7 per share.
Segment performance
**ACG**: December quarterly revenue declined sequentially; at largest customer, content gains on ramping platform led to double-digit revenue growth vs Dec 2025; ET PMICs受益于内部调制解调器采用增加；ultra-high band pad revenue declined y/y, but secured high band pad in largest customers' cellular-enabled iPads. **CSG**: Broad in Wi-Fi applications, expanding in automotive, etc. with ultra-wideband; divested MEMS-based Sensing Solutions business, which was a headwind to CSG growth. **HPA**: Growing in defense, aerospace, satellite comms, etc.; DNA markets expected to total ~$500M in FY2027; power management strong for enterprise SSDs with strong customer demand.
Risks & headwinds
- Uncertainties related to tax policy changes in US and internationally. - Memory pricing and availability impacting mass-tier Android build plans.
Analyst Q&A
Q: Talk about content roadmap for ACG.
A: Can't comment on future generations/architectures but there's opportunity to grow footprint, with multi-sourcing more sockets.
Q: Clarification on Android down more than seasonal.
A: Android typically up in March, but strategic exit from lower margin business leads to down quarter over quarter.
Q: Android business exit acceleration.
A: Due to strategic exit from lower margin Android and memory pricing/availability impacting customer build plans.
Q: Margin profile in FY2027.
A: Driven by business mix (HPA growth) and product mix within segments.
Q: Content on Apple and FY2027 revenue flat.
A: Can't comment on customer volumes, but guide based on known info.
Q: Q4 revenue decrease cause.
A: Vast majority Android related, some from divestitures.
Q: Integrated modules prospects.
A: Dual sourcing helps in some areas, underlying assumptions reflected in outlook.
Q: Android sales decline impact and memory effect.
A: Decline from strategic Android resizing and memory pricing/availability pressuring mass tier.
Q: Inventory at customers.
A: No abnormal inventory, just customer build plan adjustments.
Q: Ultra-high band share and ET content.
A: Lost share in ultra-high band but secured high band pad, ET has tailwind but overall revenue guide reflects expectations.
Q: Underutilization charges and utilization.
A: No specific underutilization charges, ops team managing costs to support gross margin improvements