Qorvo (QRVO) Surpasses Q3 Earnings and Revenue Estimates

Core Viewpoint - Qorvo reported quarterly earnings of $2.17 per share, exceeding the Zacks Consensus Estimate of $1.87 per share, and showing an increase from $1.61 per share a year ago, indicating a strong earnings surprise of +16.27% [1] Financial Performance - The company achieved revenues of $992.96 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 0.17% and up from $916.32 million year-over-year [2] - Over the last four quarters, Qorvo has consistently exceeded consensus EPS estimates and revenue estimates [2] Stock Performance and Outlook - Qorvo shares have declined approximately 2.4% since the beginning of the year, contrasting with the S&P 500's gain of 1.5% [3] - The company's earnings outlook is crucial for assessing future stock performance, with current consensus EPS estimates at $1.37 for the upcoming quarter and $6.36 for the current fiscal year [7] Industry Context - The Semiconductors - Radio Frequency industry, to which Qorvo belongs, is currently ranked in the top 20% of over 250 Zacks industries, suggesting a favorable industry outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and earnings estimate revisions, which can impact Qorvo's stock performance [5]