Qorvo (QRVO) shares surged 10.19% in Tuesday's trading session following the company's impressive fiscal 2026 first-quarter results and optimistic second-quarter guidance. The semiconductor solutions provider significantly exceeded analyst expectations, driven by broad-based demand and improved profitability.

For the quarter ended June 28, 2025, Qorvo reported adjusted earnings of $0.92 per share, handily beating the analyst consensus of $0.63. Revenue came in at $818.8 million, also surpassing the consensus estimate of $775.6 million. While this represents a 7.7% year-over-year decline, the strong market reaction reflects investor enthusiasm for the company's better-than-expected performance and positive outlook.

Looking ahead, Qorvo provided an upbeat forecast for the second quarter, further fueling the stock's rise. The company expects Q2 revenue of approximately $1.025 billion, well above the consensus estimate of $954.56 million. Additionally, Qorvo projects Q2 adjusted earnings per share of $2.00, surpassing analyst expectations of $1.62 per share. The company also anticipates Q2 gross margins to improve to between 48% and 50%, demonstrating the success of Qorvo's profitability initiatives across its product portfolio, business segments, and manufacturing operations.