Qorvo (QRVO) Surpasses Q3 FY 2026 Expectations, Cuts Q4 Guidance

Qorvo Inc. reported Q3 FY 2026 results with revenue of $993.0 million, up 8.4% YoY, and adjusted EPS of $2.17. However, guidance for Q4 fell short of expectations, with revenue expected to be between $775.0 million and $825.0 million and per-share profit of $1.05 to $1.35. The company's largest customer, Apple, accounts for about half of its total revenue, and lower expectations hint at a seasonal decline in demand from the iPhone maker.