Qorvo, Inc. (QRVO) reported its third-quarter fiscal 2026 results on December 27, 2025, with net income of $164.1 million, or $1.75 per share, compared to $41.3 million, or $0.43 per share, in the prior-year quarter. The company’s total revenues reached $993 million, up from $916.3 million year-over-year, surpassing the Zacks Consensus Estimate of $991.3 million.
Key segments contributing to growth included the Advanced Cellular Group (ACG), which saw revenues of $690.8 million—a year-over-year increase of 8.8%—and the High-Performance Analog (HPA) segment, which generated $190.9 million. The company’s non-GAAP earnings totaled $203.2 million, or $2.17 per share, exceeding the Zacks consensus estimate by $0.30.
Looking ahead, Qorvo anticipates fourth-quarter revenues to be $800 million, with a non-GAAP gross margin projected between 48-49%. Currently, the company holds $1.3 billion in cash and $1.55 billion in long-term debt.
