Qorvo, Inc. 1Q 2026: Revenue $784.8M, EPS $0.96— 10-Q Summary

Qorvo, Inc. reported first-quarter 2026 results with revenue of $784.8M, net income of $85.8M and diluted EPS of $0.96, as revenue declined versus the prior year while earnings and EPS rose sharply.Financial Highlights¹ Reported as “Revenue”. ² Reported as “Net income”. ³ Reported as “Diluted incom…

Qorvo, Inc. reported first-quarter 2026 results with revenue of $784.8M, net income of $85.8M and diluted EPS of $0.96, as revenue declined versus the prior year while earnings and EPS rose sharply.

Financial Highlights

MetricCurrent quarterPrior year quarterYoY change

Revenue¹$784.8M$818.78M(4.2%)

Net income²$85.8M$25.59M235.2%

Diluted EPS³$0.96$0.27255.6%

¹ Reported as “Revenue”. ² Reported as “Net income”. ³ Reported as “Diluted income per share”.

Business Highlights

Revenue decline of 4.2% was driven by decreases in the ACG and CSG businesses, partially offset by growth in the HPA segment.
Strategic shift away from lower‑margin mass‑market Android smartphone placements toward higher‑value product placements continued.
High‑performance analog (HPA) grew 50.2% year over year, supported by defense and aerospace programs, DOCSIS 4.0 and base station demand.
Margins expanded to 51.1% from 40.5%, reflecting product mix optimization and cost reduction efforts.
The pending merger with Skyworks advanced with ongoing regulatory reviews and integration planning.

Original SEC Filing:

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