The strong EPS beat and cash flow are positive, but the revenue decline and merger overhang cap upside. Watch for merger approval milestones and any updates on post-merger guidance. If the Skyworks deal closes, the stock may re-rate on synergy realization.
Price Chart
Executive Summary
Qorvo reported fiscal Q4 2026 non-GAAP EPS of $1.69, a 39.7% beat vs. consensus of $1.21, while revenue of $808.3M slightly exceeded expectations. However, revenue declined 7% YoY and the company faces uncertainty from its pending merger with Skyworks, offsetting the strong earnings beat.
Key Financial Metrics
Key Facts
- Non-GAAP EPS $1.69 vs. consensus $1.21 (+39.7%)
- Revenue $808.3M vs. consensus $801.8M (+0.8%)
- YoY revenue decline of 7.0% ($808.3M vs. $869.5M)
- GAAP EPS $0.32; GAAP net income $29.7M
- Non-GAAP gross margin expanded 670 bps YoY to 52.6%
- Free cash flow $255M; repurchased $400M of stock (5% of shares)
- Pending merger with Skyworks; discontinued earnings calls and formal guidance
- Fiscal 2027 outlook: non-GAAP gross margin above 50%, non-GAAP EPS approaching $7.00
Financial Impact
Non-GAAP EPS beat by $0.48 (39.7%), revenue beat by $6.5M (0.8%)
Risk Factors
- Merger integration risks with Skyworks
- Continued revenue decline in core segments (ACG -11.7% YoY, CSG -7.9% YoY)
- Customer concentration and end-market volatility
- No formal guidance until merger closes limits visibility
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3288194 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 18d ago | 144 | $107.98 $117.21 | ▲ +8.55% | ▲ +8.44% | $113.21 (+4.84%) |
Sep 11, 2026 21d ago | 425 | $116.65 $117.18 | ▲ +0.45% | ▲ +0.68% | $113.21 (−2.95%) |
Sep 3, 2026 29d ago | Insider Cluster | $100.38 $116.65 | ▲ +16.21% | ▲ +17.36% | $113.21 (+12.78%) |
Sep 2, 2026 29d ago | 144 | $100.38 $116.65 | ▲ +16.21% | ▲ +17.36% | $113.21 (+12.78%) |
Sep 2, 2026 4w ago | 144 | $100.16 $112.36 | ▲ +12.19% | ▲ +13.14% | $113.21 (+13.03%) |
Sep 2, 2026 4w ago | 425 | $100.16 $112.36 | ▲ +12.19% | ▲ +13.14% | $113.21 (+13.03%) |
Aug 18, 2026 6w ago | Insider Cluster | $95.37 $94.34 | ▲ +1.07% | ▲ +0.87% | $113.21 (−18.71%) |
Aug 10, 2026 7w ago | 425 | $96.68 $95.37 | ▼ −1.36% | ▼ −0.96% | $113.21 (+17.10%) |
Aug 3, 2026 8w ago | 425 | $89.49 $97.00 | ▲ +8.39% | ▲ +6.36% | $113.21 (+26.51%) |
Jul 15, 2026 11w ago | Press Release | $83.50 $86.73 | ▲ +3.87% | ▲ +5.54% | $113.21 (+35.58%) |
US Market Status
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