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Qorvo QRVO Q1 2026 earnings

Reported July 28, 2026 · After market close

Revenue$784.8MBeat by $41.5M
EPS$1.64Beat by $0.53
Revenue estimate$743.3M
EPS estimate$1.11
The Qorvo team delivered strong June quarterly financial results, supported by double-digit year-over-year revenue growth in D&A, infrastructure, and power, coupled with our successful pivot in ACG to higher value placements. For full-year fiscal 2027, we continue to expect non-GAAP gross margin above 50% and now expect non-GAAP diluted earnings per share above $7.00.
Bob Bruggeworth

Next report

Nov 4, 2026 (in 2 months)
Revenue estimate$919.0M
EPS estimate$2.09

Financials

Q1 2026

Income statement

See full
Revenue$818.8M-7.7%
Gross profit$331.8M-0.2%
Operating income$30.1M+553%
Net income$25.6M+6,082%
EPS (diluted)$0.27

Balance sheet

See full
Cash & equivalents$1.2B+7.7%
Total debt$1.5B-34.7%
Total equity$3.4B-1.4%
Total assets$6.0B-7.0%

Cash flow

See full
Operating cash flow$182.9M+126%
CapEx$37.5M-1.8%
Free cash flow$145.4M+239%

Valuation & ratios

Valuation

as of 06/27/26
See full
Market cap$7.58B-32.4%
Enterprise value$7.96B-36.3%
P/E93.8×
P/S2.1×-0.7×

Profitability

See full
Gross margin42%+2.3pp
Operating margin3.3%-0.3pp
Net margin2.2%+1.8pp
FCF margin16.1%-2.5pp

Returns & leverage

See full
Return on equity2.3%+1.9pp
Debt / equity0.5×-0.2×
Current ratio2.8×+0.9×

Segments

By segment

See full
ACG$571.2M-11.1%
HPA$137.4M+6.1%
CSG$110.2M-4.1%

FAQ

When did Qorvo report Q1 2026 earnings?
Qorvo (QRVO) reported Q1 2026 earnings on July 28, 2026 after market close.
What were Qorvo's Q1 2026 revenue and EPS?
Qorvo reported revenue of $784.8M and eps of $1.64 for Q1 2026.
Did Qorvo beat estimates in Q1 2026?
Revenue beat the consensus estimate of $743.3M by $41.5M. EPS beat the consensus estimate of $1.11 by $0.53.
How did Qorvo's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 4.1% from $818.8M a year earlier and eps grew 78.3% from $0.92.
Where can I find Qorvo's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001628280-26-050149) and the 10-Q periodic report (0001628280-26-050166) directly on SEC EDGAR. The filing index links above go to sec.gov.