Qorvo fiscal Q4 revenue falls 7% to $808.3 million; non-GAAP EPS rises to $1.69
Qorvo reported fiscal 2026 fourth-quarter revenue of $808.3 million, down 7.0% from $869.5 million a year earlier and down 18.6% from $993.0 million in the prior quarter. Non-GAAP diluted EPS rose to $1.69 from $1.42, while GAAP diluted EPS was $0.32 versus $0.33 a year earlier. Because of the pending Skyworks transaction, Qorvo said it has discontinued conference calls and forward-looking guidance, although the CEO's quote restates expectations for fiscal 2027.
Key points
- Revenue was $808.3 million, down from $869.5 million in the year-earlier quarter and $993.0 million in the prior quarter.
- GAAP operating income was $31.5 million, including an $82.4 million goodwill and intangible asset impairment; non-GAAP operating income was $190.2 million.
- Non-GAAP gross margin was 52.6%, up from 45.9% a year earlier; free cash flow was $255 million.
- Qorvo repurchased $400 million of shares, about 5% of common stock outstanding versus the prior quarter, and ended the quarter with $1.2 billion in cash.
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 May 05, 2026.
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.