NASDAQ$QRVO

Qorvo Inc. · Q2 2025 earnings

Q2 2025 earnings · · Investor relations

Briefing

Qorvo's Q2 2025 financial results were announced, showing mixed performance across segments and exceeding guidance in revenue, gross margin, and EPS.

Qorvo reported Q2 2025 revenue of $1.047 billion. While ACG supported a large customer's smartphone ramp, unfavorable mix and a shift in Android 5G demand are expected to impact future results. Full-year fiscal 2025 revenue and gross margin are expected to be slightly down compared to fiscal 2024.

  • Revenue for Q2 2025 was $1.047 billion.
  • GAAP gross margin was 42.6%, and operating income was $9.7 million.
  • Non-GAAP gross margin was 47.0%, and operating income was $212.2 million.
  • Diluted loss per share was $0.18 on a GAAP basis, while diluted earnings per share was $1.88 on a non-GAAP basis.

Headline financials

Total Revenue

$1.05B

Previous: $1.1B-5.2%
EPS

-$0.18

Previous: $2.39-107.5%
Gross Margin

42.6%

Previous: 44.4%-4.1%
Non-GAAP Gross Margin

47.0%

Previous: 47.6%-1.3%
Operating Income Margin

0.9%

No prior period
Capital Expenditures

-$71.2M

Previous: -$68.1M-4.7%
Free Cash Flow

-$88.7M

Previous: $29.4M-401.8%
Net Income

-$17.4M

Previous: $97.5M-117.9%
Operating Income

$9.68M

Previous: $151M-93.6%
Gross Profit

$445M

Previous: $490M-9.1%
Cash & Equivalents

$1.1B

Previous: $707M+55.1%
Total Assets

$6.5B

Previous: $6.72B-3.2%
R&D Expense

$201M

No prior period
Stock-Based Comp

$38.2M

Previous: $39.1M-2.2%

Revenue & EPS history

Qorvo · Revenue · Quarterly

$1.05B

Q2 2025-5.2%vs Q2 2024
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

Qorvo expects December 2024 quarter revenue to be approximately $900 million, plus or minus $25 million, with a non-GAAP gross margin of approximately 45% and non-GAAP diluted earnings per share between $1.10 and $1.30.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 2025

+0.0%

Avg return

Earnings day

-1.2%

Avg return

5 days after

+0.9%

Avg return

30 days after

42%

21 / 50 earnings

Positive

+21.8%

Q2 2020

Best reaction

-27.1%

Q2 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+1.8%-3.1%+2.0%
Q3 2026-6.8%+2.1%+7.4%
Q2 2026-6.5%-8.2%-4.9%
Q4 2025+14.4%+12.9%+21.3%
Q3 2025+0.3%-4.8%-15.3%
Q2 2025-27.1%-28.3%-31.8%
Q1 2025-2.2%-11.9%-7.0%
Q4 2024-18.1%-17.7%-15.8%
Q3 2024+5.5%+7.1%+19.3%
Q2 2024-2.2%+0.8%+11.4%
Q1 2024-4.0%-3.2%-1.6%
Q4 2023+0.6%+0.8%+4.9%
Q3 2023-1.6%-5.9%-5.5%
Q2 2023-4.4%+1.8%+12.3%
Q1 2023+5.5%+3.4%-12.5%
Q4 2022-9.4%-14.4%-9.2%
Q3 2022-7.4%-7.5%-6.7%
Q2 2022-10.2%-7.4%-12.9%
Q1 2022-0.2%-0.8%-5.0%
Q4 2021+1.2%-6.0%+1.3%
Q3 2021-6.5%-4.8%-4.4%
Q2 2021+14.2%+16.4%+28.7%
Q1 2021+13.5%+17.6%+14.0%
Q4 2020+4.8%+2.4%+17.7%
Q3 2020-1.6%-5.3%-11.4%
Q2 2020+21.8%+26.9%+30.5%
Q1 2020-3.3%-4.3%-2.5%
Q4 2019+2.5%+1.0%-14.6%
Q3 2019-6.0%-5.0%-0.1%
Q2 2019+10.6%-2.3%-7.2%
Q1 2019+3.2%+4.2%-2.0%
Q4 2018+6.9%+10.9%+13.9%
Q3 2018+17.9%+6.9%+14.8%
Q2 2018-2.0%+3.5%-2.1%
Q1 2018-1.7%+1.1%+7.6%
Q4 2017-1.9%-3.9%+15.5%
Q3 2017-1.3%+0.2%+3.1%
Q2 2017-8.9%-9.1%-9.8%
Q1 2017-13.2%-13.3%-9.0%
Q4 2016+3.6%
Q3 2016+0.5%
Q2 2016+19.3%
Q1 2016-14.5%
Q4 2013-0.2%
Q2 2014-0.2%
Q1 2014-0.2%
Q4 2015+12.7%
Q4 2014-0.6%
Q3 2014-0.6%
Q3 2015+2.7%
Q2 2015
Q1 2015
Q3 2013
Q2 2013

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