Communications chips maker Qorvo (NASDAQ: QRVO) will be reporting earnings tomorrow afternoon. Here’s what investors should know.

Qorvo beat analysts’ revenue expectations by 1.4% last quarter, reporting revenues of $916.3 million, down 14.7% year on year. It was a strong quarter for the company, with a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ adjusted operating income estimates.

Is Qorvo a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Qorvo’s revenue to decline 9.6% year on year to $850.9 million, a reversal from the 48.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.00 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Qorvo has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 3.2% on average.

Looking at Qorvo’s peers in the semiconductors segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Intel posted flat year-on-year revenue, beating analysts’ expectations by 2.6%, and Texas Instruments reported revenues up 11.1%, topping estimates by 4.1%. Intel traded down 6.7% following the results while Texas Instruments was up 6.7%.

Read our full analysis of Intel’s results here and Texas Instruments’s results here.

Questions about potential tariffs and corporate tax changes have caused much volatility in 2025. While some of the semiconductors stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.7% on average over the last month. Qorvo is down 11.6% during the same time and is heading into earnings with an average analyst price target of $86.68 (compared to the current share price of $64).

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