Qorvo beat earnings estimates in Q3 2026, raised Q4 outlook, and shifted focus to high-margin defense and aerospace, despite mixed investor reaction.

Qorvo reported stronger-than-expected Q3 fiscal 2026 earnings with $2.17 EPS, beating estimates by $0.24, and $993 million in revenue, up 8.4% year-over-year. The company raised its Q4 2026 outlook, targeting EPS of $1.05–$1.35, and emphasized a strategic shift toward higher-margin defense, aerospace, and high-performance analog businesses, projecting $500 million in D&A sales for fiscal 2027. It expects a $300 million revenue decline in 2027 from reduced Android exposure, aiming for full-year gross margins above 50% and EPS near $7. Despite a stock rise, investor sentiment was mixed due to cautious guidance and margin concerns.