Qorvo, Inc. Q2 FY26 Results

Summary

Qorvo announced preliminary financial results for Q2 FY26. GAAP revenue was $1.1 billion, with a gross margin of 47.0% and diluted earnings per share of $1.28. Non-GAAP results included a gross margin of 49.7% and diluted earnings per share of $2.22. The company also announced a definitive agreement to combine with Skyworks Solutions, Inc. in a cash-and-stock transaction valuing the combined enterprise at approximately $22 billion.

Key Highlights

1. 1

   Qorvo's preliminary revenue for Q2 FY26 is $1.1 billion on a GAAP basis.

2. 2

   The preliminary GAAP gross margin for Q2 FY26 is 47.0%.

3. 3

   Preliminary GAAP diluted earnings per share for Q2 FY26 is $1.28.

4. 4

   On a non-GAAP basis, the preliminary gross margin is 49.7% for Q2 FY26.

5. 5

   The preliminary non-GAAP diluted earnings per share is $2.22 for Q2 FY26.

6. 6

   Revenue exceeded prior guidance of $1,025 million, plus or minus $50 million, reaching $1,058.5 million.

7. 7

   Non-GAAP diluted earnings per share exceeded prior guidance of $2.00, plus or minus 25 cents, reaching $2.22.