Qorvo (NASDAQ: QRVO) has seen its stock price surge over 11 percent in pre-market trading after reporting fourth-quarter results that exceeded analysts’ expectations, supported by a promising outlook for the next quarter.

The semiconductor manufacturer posted adjusted earnings of $1.42 per share for the quarter ended March 29, 2025, well above the $1.00 consensus estimate. Revenue hit $869.5 million, surpassing predictions of $850.07 million, despite a 7.6 percent decline compared to the same quarter last year.

Profitability emerged as a strong point in the report, with gross margin climbing to 45.9 percent from 42.5 percent year-on-year, indicating enhanced cost management and product mix.

For the first quarter of fiscal 2026, Qorvo anticipates revenue between $750 million and $800 million, with the midpoint exceeding current analyst expectations of $763 million. Adjusted earnings are projected between $0.50 and $0.75 per share, covering the consensus estimate of $0.62.

Management pointed out improved seasonal revenue and significant earnings performance during the March quarter, setting the company up for a strong start to the new fiscal year. Despite lower year-over-year revenue, Qorvo’s margin improvement and upbeat outlook have sparked investor enthusiasm.