Qorvo Reports 8.4% YoY Revenue Growth, Exceeding Expectations

Qorvo reported Q3 FY26 revenue of $993m, up 8.4% YoY, driven by strength at its largest customer Apple and growth in automotive components, consumer Wi-Fi, defense & aerospace, base-station, and power management. Revenue was down 6.2% QoQ. Non-GAAP gross margin was 49.1%, up from 46.5% YoY.