Qorvo — Jan 27, 2026 release

December quarterly non-GAAP gross margin increased approximately 260 basis points versus last fiscal year, and we expect a similar year-over-year improvement, at the midpoint of guidance, in the March quarter." Qorvo’s current outlook for the March 2026 quarter is: • Quarterly revenue of approximately $800 million, plus or minus $25 million • Non-GAAP gross margin between 48% and 49% • Non-GAAP diluted earnings per share of $1.20, plus or minus 15 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) Q3 Fiscal 2026 Q2 Fiscal 2026 Q3 Fiscal 2025 Sequential Change Year-over-Year Change Revenue $ 993.0  $ 1,058.5  $ 916.3  $ (65.5) $ 76.7 Gross profit $ 464.2  $ 497.1  $ 391.4  $ (32.9) $ 72.8 Gross margin 46.7  % 47.0  % 42.7  % (0.3) ppt 4.0 ppt Operating expenses $ 272.1  $ 339.4  $ 338.4  $ (67.3) $ (66.3) Operating income $ 192.1  $ 157.7  $ 53.0  $ 34.4 $ 139.1 Net income $ 164.1  $ 119.6  $ 41.3  $ 44.5 $ 122.8 Weighted-average diluted shares 93.6  93.8  95.0  (0.2) (1.4) Diluted EPS $ 1.75  $ 1.28  $ 0.43  $ 0.47 $ 1.32 SELECT