NASDAQ$QRVO

Qorvo Inc. · Q3 2026 earnings

Q3 2026 earnings · · After market close · Investor relations

Briefing

Qorvo reported fiscal Q3 2026 revenue of $993M with net income of $164M and diluted EPS of $1.75.

Third-quarter revenue was $993.0 million with net income of $164.1 million and diluted EPS of $1.75. The company discussed content gains in mobile, defense, and connectivity markets alongside inventory and mix management.

  • Q3 FY26 revenue $993M.
  • Net income $164M; diluted EPS $1.75.
  • Mobile and defense mix support margin recovery.
  • Inventory normalization progressing across channels.

Headline financials

Total Revenue

$993M

Previous: $916M+8.4%
EPS (adj)

$1.75

Previous: $1.61+8.7%
Gross Margin

46.7%

Previous: 42.7%+9.4%
Non-GAAP Gross Margin

49.1%

Previous: 46.5%+5.6%
Operating Income Margin

19.4%

Previous: 5.8%+234.5%
Non-GAAP Operating Income Margin

24.9%

No prior period
Free Cash Flow

$237M

No prior period
Capital Expenditures

-$108M

Previous: -$109M+1.1%
Net Income

$164M

Previous: $41.3M+297.2%
Operating Income

$192M

Previous: $53M+262.5%
Gross Profit

$464M

Previous: $391M+18.6%

Revenue & EPS history

Qorvo · Revenue · Quarterly

$993M

Q3 2026+8.4%vs Q3 2025
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

The release discusses Qorvo's outlook for upcoming periods, including capital allocation, operating priorities, and market risks, without relying solely on numeric EPS bridges.

Tailwinds

  • Qorvo cites operational execution and demand trends supporting the outlook.
  • Balance sheet and liquidity actions aim to fund growth and returns.

Headwinds

  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.

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 Q3 2026

Historical avgQ3 2026

+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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