Qorvo Q1 Revenue Falls 7.7%

(NASDAQ:QRVO), a leading supplier of radio frequency (RF), power, and connectivity solutions for smartphones, infrastructure, and connected devices, reported its Q1 FY2026 earnings on July 29, 2025. The most notable news: GAAP revenue and non-GAAP diluted earnings per share missed analyst estimates, coming in at $818.8 million and $0.92, below consensus forecasts of $868.8 million and $1.13, respectively. However, Non-GAAP gross margin advanced to 44.0% in Q1 FY2026, rising 3.1 percentage points from the prior-year quarter. While the company’s earnings lagged Wall Street expectations, its product mix changes and continued portfolio adjustments led to stronger profitability ratios, supporting management’s view that operational progress is underway, even as sales remain soft.

Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q4 2025 earnings report.

Qorvo’s core business is designing and manufacturing key components for wireless communications, including RF semiconductors, power amplifiers, and advanced connectivity chips. Its products are essential in smartphones, telecommunications networks, defense, automotive, and internet-of-things (IoT) devices. The company serves a small group of very large customers, including major smartphone manufacturers and defense contractors.

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Source Fool.com