earnings
confidence high
sentiment positive
materiality 0.75
Qorvo beats FQ3 guidance; revenue $916M, non-GAAP EPS $1.61; guides FQ4 rev ~$850M
Qorvo, Inc.
2025-Q3 EPS
reported $0.25
vs consensus $2.11
▼ miss
(-88.2%)
- GAAP revenue $916.3M, GAAP diluted EPS $0.43; non-GAAP diluted EPS $1.61, exceeding midpoint of guidance.
- Non-GAAP gross margin 46.5%; operating income $177.9M.
- Largest customer ~50% of sales; HPA segment record Defense & Aerospace quarterly revenue.
- Subsequent to quarter, divested SiC business; expects actions to support high-40%'s gross margin in F2026 strong quarters.
- FQ4 2025 guidance: revenue ~$850M +/- $25M, non-GAAP gross margin 43%-44%, non-GAAP EPS $0.90-$1.10.