Qorvo — Jul 29, 2025 release

These improvements demonstrate the actions being undertaken across our product portfolio, business segments, and manufacturing footprint that will enable us to improve profitability as we advance through fiscal 2026 and into fiscal 2027." Qorvo’s current outlook for the September 2025 quarter is: • Quarterly revenue of approximately $1.025 billion, plus or minus $50 million • Non-GAAP gross margin between 48% and 50% • Non-GAAP diluted earnings per share of $2.00, plus or minus 25 cents 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) Q1 Fiscal 2026 Q4 Fiscal 2025 Q1 Fiscal 2025 Sequential Change Year-over-Year Change Revenue $ 818.8  $ 869.5  $ 886.7  $ (50.7) $ (67.9) Gross profit $ 331.8  $ 366.6  $ 332.3  $ (34.8) $ (0.5) Gross margin 40.5  % 42.2  % 37.5  % (1.7) ppt 3.0 ppt Operating expenses $ 301.7  $ 338.3  $ 327.7  $ (36.6) $ (26.0) Operating income $ 30.1  $ 28.2  $ 4.6  $ 1.9 $ 25.5 Net income $ 25.6  $ 31.4  $ 0.4  $ (5.8) $ 25.2 Weighted-average diluted shares 93.8  94.1  96.5  (0.3) (2.7) Diluted EPS $ 0.27  $ 0.33  $ 0.00  $ (0.06) $ 0.27 SELECTED NON-GAAP RESULTS (1) (In millions, except for