| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 992.96 | 6.2% | 8.4% |
| Total Income | 992.96 | 6.2% | 8.4% |
| Expenditure | 800.82 | 11.1% | 7.2% |
| PBT | 189.80 | 22.4% | |
| Net Profit | 164.06 | 37.2% | 297.5% |
| OPM | 19.35% | 4.45pp | 13.56pp |
| NPM | 16.52% | 5.22pp | 12.02pp |
| EPS | 1.77 | 37.2% | 302.3% |
Qorvo Reports Q3 Fiscal 2026 Revenue of $993.0 Million
04 May 2026 · 4 May, 1:42 am
Summary
Qorvo announced its financial results for the third quarter of fiscal year 2026, with revenue reaching $993.0 million. The GAAP gross margin was 46.7%, and the operating income was $192.1 million. According to CEO Bob Bruggeworth, the December quarterly revenue primarily reflects strength at their largest customer, with each operating segment growing revenue year-over-year. The outlook for the March 2026 quarter includes revenue of approximately $800 million, plus or minus $25 million.
Key Highlights
- 1
Qorvo's fiscal 2026 third quarter revenue reached $993.0 million.
- 2
The GAAP gross margin for Q3 Fiscal 2026 was 46.7%.
- 3
GAAP operating income for Q3 Fiscal 2026 was $192.1 million.
- 4
Diluted earnings per share on a GAAP basis were $1.75 for Q3 Fiscal 2026.
- 5
Non-GAAP gross margin increased approximately 260 basis points versus last fiscal year.
- 6
Each of Qorvo's operating segments grew revenue year-over-year.
Management Comments
Bob Bruggeworth
Qorvo's December quarterly revenue primarily reflects strength at our largest customer. Each of our operating segments grew revenue year-over-year, with notable strength in automotive components, consumer and enterprise Wi-Fi, D&A, base station, and power management. Looking forward, our March quarterly outlook reflects the seasonal decline at our largest customer, the ongoing strategic resizing of our Android business, and continued strength in HPA.
Grant Brown
Qorvo’s fiscal third quarter revenue, non-GAAP gross margin, and non-GAAP EPS all compared favorably to guidance. We continue to execute on cost and productivity initiatives to structurally enhance our gross and operating margins. December quarterly non-GAAP gross margin increased approximately 260 basis points versus last fiscal year, and we expect a similar year-over-year improvement, at the midpoint of guidance, in the March quarter.
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