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 ( QRVO ) 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/Mis Actual Consensu

s s

Estimate

Q2 Beat $1.10 $1.02

Revenue bln bln (19

Analysts

)

Q2 EPS $1.28

Q2 49.70%

Adjusted

Gross

Margin

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 ( QRVO ) 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:

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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.)