Overview
Qorvo fiscal Q2 2026 revenue of $1.1 bln beats analyst expectations
Non-GAAP EPS for fiscal Q2 2026 at $2.22, surpassing prior guidance
Qorvo and Skyworks announce merger to form $22 bln enterprise
Outlook
Company did not provide specific future guidance
Result Drivers
REVENUE BEAT - Qorvo's Q2 2026 revenue of $1.1 bln exceeded analyst expectations
NON-GAAP EPS EXCEEDS GUIDANCE - Qorvo's non-GAAP EPS for Q2 2026 was $2.22, surpassing prior guidance
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$1.10 bln
$1.02 bln (19 Analysts)
Q2 EPS
$1.28
Q2 Adjusted Gross Margin
49.70%
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 17 "hold" and 4 "sell" or "strong sell"
The average consensus recommendation for the semiconductors peer group is "buy."
Wall Street's median 12-month price target for Qorvo Inc is $95.00, about 3% above its October 27 closing price of $92.13
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 15 three months ago
Press Release: ID:nGNX8MMswq
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
