Qorvo reports Q2 revenue of $1.06 billion, beats guidance

Qorvo Inc. (NASDAQ: QRVO) reported preliminary financial results for its fiscal 2026 second quarter ended September 27, 2025, with revenue of $1.06 billion exceeding prior guidance of $1.025 billion plus or minus $50 million.

The semiconductor company posted GAAP diluted earnings per share of $1.28 and non-GAAP diluted earnings per share of $2.22, surpassing guidance of $2.00 plus or minus 25 cents. GAAP gross margin reached 47.0%, while non-GAAP gross margin was 49.7%, falling within the company's guidance range of 48% to 50%.

Non-GAAP net income totaled $208.3 million compared to GAAP net income of $119.6 million. The adjustments included $40.4 million in stock-based compensation expense, $21.4 million in amortization of acquired intangible assets, and $30.8 million in restructuring-related charges.

The company noted these preliminary results have not been reviewed by its independent registered public accounting firm and remain subject to final review and closing procedures. Qorvo stated the actual results may differ materially from the preliminary figures due to completion of financial closing procedures and final adjustments.

Qorvo also announced it entered into a definitive agreement with Skyworks Solutions Inc. (NASDAQ: SWKS) to combine the companies in a cash-and-stock transaction valuing the combined enterprise at approximately $22 billion. The companies scheduled a joint conference call to discuss the proposed transaction.

The company will announce complete financial results for its fiscal 2026 second quarter on November 3, 2025.

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