Qorvo — Apr 29, 2025 release

While we continue to monitor ongoing macroeconomic factors, including tariff and trade policy uncertainty, we remain focused on our operational objectives — including portfolio optimization, factory consolidation, and continued cost discipline — that position us to expand margins, enhance operational efficiency, and drive shareholder value." Qorvo’s current outlook for the June 2025 quarter is: • Quarterly revenue of approximately $775 million, plus or minus $25 million • Non-GAAP gross margin between 42% and 44% • Non-GAAP diluted earnings per share between $0.50 and $0.75 See "Forward-looking non-GAAP financial measures" below. Qorvo's actual quarterly results may differ from these expectations and projections, and such differences may be material. Selected Financial Information The following tables set forth selected GAAP and non-GAAP financial information for Qorvo for the periods indicated. See the more detailed financial information for Qorvo, including reconciliations of GAAP and non-GAAP financial information, attached. SELECTED GAAP RESULTS (In millions, except for percentages and EPS) (Unaudited) Q4 Fiscal 2025 Q3 Fiscal 2025 Q4 Fiscal 2024 Sequential Change Year-over-Year Change Revenue $ 869.5  $ 916.3  $ 941.0  $ (46.8) $ (71.5) Gross profit $ 366.6  $ 391.4  $ 381.9  $ (24.8) $ (15.3) Gross margin 42.2  % 42.7  % 40.6  % (0.5) ppt 1.6 ppt Operating expenses $ 338.3  $ 338.4  $ 351.9  $ (0.1) $ (13.6) Operating income $ 28.2  $ 53.0  $ 30.0  $ (24.8) $ (1.8) Net income $ 31.4  $ 41.3  $ 2.7  $ (9.9) $ 28.7 Weighted-average diluted shares 94.1  95.0  97.3  (0.9) (3.2) Diluted EPS $ 0.33  $ 0.43  $ 0.03  $ (0.10) $ 0.30 SELECTED NON-GAAP RESULTS (1) (In millions, except for percentages and EPS) (Unaudited) Q4 Fiscal 2025 Q3 Fiscal 2025 Q4