Qorvo Q1 revenue falls 7.7% to $818.8 million; non-GAAP EPS rises to $0.92
Qorvo reported fiscal 2026 first-quarter results ended June 28, 2025, with revenue of $818.8 million, down 7.7% from $886.7 million a year earlier, while non-GAAP diluted EPS rose to $0.92 from $0.87. GAAP diluted EPS was $0.27, up from $0.00. The company guided September-quarter revenue to approximately $1.025 billion, plus or minus $50 million, and non-GAAP diluted EPS to $2.00, plus or minus $0.25, which matters to shareholders because it signals a large expected sequential rebound.
Key points
- Q1 fiscal 2026 revenue was $818.8 million, down from $869.5 million in Q4 fiscal 2025 and $886.7 million in Q1 fiscal 2025.
- Non-GAAP gross margin was 44.0% and non-GAAP operating income was $108.2 million, compared with $98.1 million a year earlier.
- GAAP net income was $25.6 million, or $0.27 per diluted share, compared with $0.4 million, or $0.00 per share, a year earlier.
- September 2025 quarter outlook: revenue of approximately $1.025 billion (plus or minus $50 million), non-GAAP gross margin of 48% to 50%, and non-GAAP diluted EPS of $2.00 (plus or minus $0.25).
The filing
Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 29, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.