Qorvo Surges 11% on Strong Q4 Beat and Upbeat Outlook Despite Year-Over-Year Revenue Dip

Qorvo (NASDAQ:QRVO) reported fourth-quarter results that exceeded analyst expectations and issued a confident forecast for the coming quarter, sending its stock up more than 11% in pre-market today.

The semiconductor company posted adjusted earnings of $1.42 per share for the quarter ended March 29, 2025, far surpassing the $1.00 consensus estimate. Revenue came in at $869.5 million, beating forecasts of $850.07 million, though it marked a 7.6% decline from the same quarter last year.

Profitability was a standout in the report, with gross margin rising to 45.9%, up from 42.5% a year ago, reflecting improved cost management and product mix.

For the first quarter of fiscal 2026, Qorvo expects revenue between $750 million and $800 million. The midpoint of that range slightly exceeds current analyst expectations of $763 million. Adjusted earnings are projected between $0.50 and $0.75 per share, bracketing the consensus forecast of $0.62.

Management highlighted stronger-than-typical seasonal revenue and significant earnings outperformance during the March quarter, positioning the company for a solid start to the new fiscal year. Despite lower year-over-year revenue, Qorvo’s margin gains and positive outlook fueled investor optimism.