Qorvo fiscal Q4 adjusted profit tops estimates

Qorvo

05/05/2026 21:09

Overview

U.S. semiconductor supplier's fiscal Q4 revenue saw a slight beat of analyst expectations

Adjusted EPS for fiscal Q4 beat analyst expectations

Company repurchased $400 mln of shares, reducing common stock by about 5%

Outlook

Qorvo expects full-year fiscal 2027 non-GAAP gross margin above 50%

Company expects fiscal 2027 non-GAAP diluted EPS approaching $7.00

Qorvo has discontinued providing forward-looking guidance due to pending Skyworks transaction

Result Drivers

GROSS MARGIN EXPANSION - Qorvo said non-GAAP gross margin expanded by 670 basis points year-over-year, reflecting operational improvements and business mix optimization

SEGMENT PERFORMANCE - HPA segment revenue and operating income increased year-over-year, while ACG and CSG segments declined

OPERATING EXPENSE REDUCTION - Non-GAAP operating expenses decreased year-over-year, supporting improved profitability

Company press release: ID:nGNX3JFjkS

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Slight Beat*
$808.3 mln
$800.56 mln (17 Analysts)
Q4 Adjusted EPS
Beat
$1.69
$1.21 (17 Analysts)
Q4 EPS
$0.32
Q4 Adjusted Gross Margin
52.6%


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 19 "hold" and 1 "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 $85.00, about 8.1% below its May 4 closing price of $92.53

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 12 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)