Qorvo(US:QRVO) Globenewswire·2025-11-03 21:00Core Insights - Qorvo reported strong financial results for the second quarter of fiscal 2026, with revenue reaching $1.1 billion and significant improvements in gross margin and earnings per share [2][4]. Financial Performance - On a GAAP basis, Qorvo's revenue for Q2 Fiscal 2026 was $1.1 billion, with a gross margin of 47.0%, operating income of $157.7 million, and diluted earnings per share of $1.28 [2][4]. - Non-GAAP results showed a gross margin of 49.7%, operating income of $252.6 million, and diluted earnings per share of $2.22, indicating a strong operational performance [2][4]. - The company experienced a year-over-year revenue increase of 12.0% compared to Q2 Fiscal 2025, with gross profit rising by 51.8% [7]. Segment Performance - The ACG segment generated $777.0 million in revenue, a 36.0% increase sequentially, while the HPA segment saw a 27.1% increase in revenue [13]. - CSG segment revenue decreased by 3.0% sequentially, reflecting challenges in that area [13]. Management Commentary - CEO Bob Bruggeworth highlighted the support for major customers in the smartphone market and growth in D&A and infrastructure businesses, indicating a focus on strategic opportunities in automotive and industrial markets [3]. - CFO Grant Brown noted that the second quarter's results exceeded guidance, with expectations for continued revenue growth and margin expansion in the upcoming quarter [4]. Outlook - Qorvo anticipates revenue growth and margin improvement in the December 2025 quarter, driven by strategic customers in mobile and D&A markets [4][3].