Qorvo(QRVO) - 2026 Q2 - Quarterly Results

Financial Performance - Qorvo reported preliminary revenue of $1.1 billion for the fiscal 2026 second quarter, exceeding prior guidance of $1.025 billion[4] - Non-GAAP gross margin was 49.7%, within the guidance range of 48% to 50%[5] - Diluted earnings per share on a non-GAAP basis were $2.22, surpassing the prior guidance of $2.00, plus or minus $0.25[5] - GAAP gross margin for the quarter was 47.0%, with a GAAP net income of $119.6 million[9] - Non-GAAP net income for the quarter was $208.3 million, reflecting adjustments for stock-based compensation and other charges[9][14] - The weighted-average diluted shares for non-GAAP calculations were 93.8 million[9] Merger and Acquisition - The company announced a definitive agreement to merge with Skyworks Solutions, valuing the combined enterprise at approximately $22 billion[5][6] - The merger with Skyworks aims to create a global leader in high-performance radio frequency and mixed-signal semiconductors[5] Future Announcements - Qorvo will officially announce its financial results for the fiscal 2026 second quarter on November 3, 2025[5] - The company emphasizes that preliminary results are subject to change and should not be solely relied upon for future performance predictions[7]