SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q includes "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about our plans, objectives, representations and contentions, and are not historical facts and typically are identified by terms such as "may," "will," "should," "could," "expect," "plan," "anticipate," "believe," "estimate," "forecast," "predict," "potential," "continue" and similar words, although some forward-looking statements are expressed differently. You should be aware that the forward-looking statements included herein represent management's current judgment and expectations as of the date the statement is first made, but our actual results, events and performance could differ materially from those expressed or implied by forward-looking statements. We caution you not to place undue reliance upon any such forward-looking statements. We do not intend to update any of these forward-looking statements or publicly announce the results of any revisions to these forward-looking statements, other than as is required under U.S. federal securities laws. Our business is subject to numerous risks and uncertainties, including those relating to fluctuations in our operating results on a quarterly and annual basis; our substantial dependence on developing new products and achieving design wins; our dependence on several large customers for a substantial portion of our revenue; a loss of revenue if defense and aerospace contracts are canceled or delayed; our dependence on third parties; risks related to sales through distributors; risks associated with the operation of our manufacturing facilities; business disruptions; poor manufacturing yields; increased inventory risks and costs, due to timing of customers' forecasts; our inability to effectively manage or maintain relationships with chipset suppliers; our ability to continue to innovate in a very competitive industry; underutilization of manufacturing facilities; unfavorable changes in interest rates, pricing of certain precious metals, utility rates and foreign currency exchange rates; our acquisitions, divestitures and other strategic investments failing to achieve financial or strategic objectives; our ability to effectively execute restructuring initiatives; our ability to attract, retain and motivate key employees; warranty claims, product recalls and product liability; changes in our effective tax rate; enactment of international or domestic tax legislation, or changes in regulatory guidance; changes in the favorable tax status of certain of our subsidiaries; risks associated with social, environmental, health and safety regulations, and climate change; risks from international sales and operations; economic regulation in China; changes in government trade policies, including imposition of tariffs and export restrictions; we may not be able to generate sufficient cash to service all of our debt; restrictions imposed by the agreements governing our debt; our reliance on our intellectual property portfolio; claims of infringement of third-party intellectual property rights; security breaches, failed system upgrades or regular maintenance and other similar disruptions to our IT systems; theft, loss or misuse of personal data by or about our employees, customers or third parties; open-source software risks, including risks related to licensing and security; compliance with evolving data privacy and cybersecurity laws and regulations; provisions in our governing documents and Delaware law may discourage takeovers and business combinations that our stockholders might consider to be in their best interests; negative impacts from activist stockholders; volatility in the price of our common stock; risks and uncertainties relating to the Mergers, including the occurrence of any event, change or other circumstance that could give rise to the right of us or Skyworks to terminate the Merger Agreement; the outcome of any legal proceedings that may be instituted against us or Skyworks in connection with the Mergers; the possibility that the Mergers do not close when expected or at all because of required regulatory or other approvals and other conditions to closing are not received or satisfied on a timely basis or at all (and the risk that seeking or obtaining such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the Mergers); that efforts to complete the Mergers may affect our business relationships with our existing and potential customers, suppliers, service providers and other business partners; that the expected synergies from the Mergers may not be fully realized or may take longer to realize than anticipated; any failure to promptly and effectively integrate the businesses of the Company and Skyworks; and that the Mergers may divert management’s attention and time from ongoing business operations and opportunities. These and other risks and uncertainties, which are described in more detail under "Risk Factors" in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended March 28, 2026, and Qorvo's subsequent reports and statements that we file with the SEC, could cause actual results and developments to be materially different from those expressed or implied by any of these forward-looking statements. 18 Table of Contents OVERVIEW The following Management's Discussion and Analysis of Financial Condition and Results of Operations ("MD&A") is intended to help the reader understand the consolidated results of operations and financial condition of Qorvo, Inc. and Subsidiaries (together, "we," "our," "ours," "us," the "Company" or "Qorvo"). MD&A is provided as a supplement to, and should be read in conjunction with, our Condensed Consolidated Financial Statements and accompanying Notes to Condensed Consolidated Financial Statements. Qorvo® is a global leader in the development and commercialization of technologies and products for wireless, wired and power markets. We design, develop, manufacture and market our products to U.S. and international original equipment manufacturers and original design manufacturers in three reportable operating segments: High Performance Analog ("HPA"), Connectivity and Sensors Group ("CSG") and Advanced Cellular Group ("ACG"). Refer to Note 10 of the Notes to Condensed Consolidated Financial Statements for additional information regarding our reportable operating segments as of June 27, 2026. HPA is a leading global supplier of radio frequency, analog mixed signal and power management solutions. HPA leverages a diverse portfolio of differentiated process technologies and products to serve customers in consumer, defense and aerospace, infrastructure, and industrial and enterprise markets. CSG is a leading global supplier of connectivity solutions, with broad expertise spanning ultra-wideband, Matter®, Bluetooth® Low Energy, Zigbee®, Thread®, Wi-Fi® and cellular solutions for the Internet of Things to serve customers in automotive, consumer, industrial and enterprise, and mobile markets. ACG is a leading global supplier of advanced cellular solutions for smartphones, wearables, laptops, tablets and other devices. ACG leverages world-class technology and systems-level expertise to deliver a broad portfolio of high-performance discrete and highly integrated cellular products. Proposed Mergers On October 27, 2025, we entered into an Agreement and Plan of Merger (the “Merger Agreement”), by and among Skyworks Solutions, Inc., a Delaware corporation (“Skyworks”), the Company, Comet Acquisition Corp., a Delaware corporation and a wholly-owned subsidiary of Skyworks (“Merger Sub I”), and Comet Acquisition II, LLC, a Delaware limited liability company and a wholly-owned subsidiary of Skyworks (“Merger Sub II”). Pursuant to the Merger Agreement, and subject to the satisfaction or waiver of the conditions specified therein, (i) Merger Sub I will merge with and into the Company (the “First Merger”), with the Company surviving the First Merger as a wholly-owned subsidiary of Skyworks (the “Surviving Corporation”), and (ii) immediately following the First Merger, and as the second step in a single integrated transaction with the First Merger, the Surviving Corporation will merge with and into Merger Sub II (the “Second Merger,” and together with the First Merger, the “Mergers”), with Merger Sub II continuing as the surviving entity in the Second Merger and a wholly-owned subsidiary of Skyworks. On February 5, 2026, Qorvo and Skyworks each received a Request for Additional Information and Documentary Material (the “Second Request”) from the U.S. Federal Trade Commission (the “FTC”) in connection with the transaction. The Second Request was issued under notification requirements of the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”). The effect of the Second Request is to extend the waiting period imposed by the HSR Act until 30 days after Qorvo and Skyworks have each substantially complied with the Second Request it received, unless the waiting period is voluntarily extended by the parties or terminated sooner by the FTC. The stockholders of both Qorvo and Skyworks approved the Merger Agreement at each company's special meeting of stockholders on February 11, 2026. On May 20, 2026, Skyworks commenced offers to exchange (the “Exchange Offers”) any and all outstanding 4.375% Senior Notes due 2029 issued by the Company (the “2029 Notes”) for new 4.375% Senior Notes due 2029 issued by Skyworks and any and all outstanding 3.375% Senior Notes due 2031 issued by the Company (the “2031 Notes” and, together with the 2029 Notes, the “Notes”) for new 3.375% Senior Notes due 2031 issued by Skyworks. The Exchange Offers will remain open until 19 Table of Contents 5:00 p.m., New York City time, on September 1, 2026, unless extended at Skyworks’ sole discretion. The expiration date of the Exchange Offer is expected to be extended to occur on or about the closing of the Mergers. In conjunction with the Exchange Offers, Skyworks, on behalf of the Company, solicited consents from holders of the Notes (the “Consents,” and together with the Exchange Offers, the “Exchange Offers and Consent Solicitations”) to adopt certain proposed amendments to the existing indentures to eliminate substantially all of the restrictive covenants, certain affirmative covenants and certain events of default (the “Proposed Amendments”). As of June 11, 2026, we received the requisite number of Consents and entered into supplemental indentures for both the 2029 Notes and the 2031 Notes (together, the “Supplemental Indentures”), giving effect to the Proposed Amendments. The Proposed Amendments with respect to each series of the Notes will not become operative until (i) immediately prior to the closing of the transaction or (ii) immediately upon the settlement of the Exchange Offers for such series of the Notes, depending on the specific amendment, and will cease to be operative if the Mergers are not consummated. If and when the Exchange Offers are settled, the Notes that are tendered and accepted will be exchanged for Skyworks notes and the related obligations of Qorvo and the guarantors with respect to those Notes will cease. The foregoing summary of the Merger Agreement, the Exchange Offers and Consent Solicitations and Supplemental Indentures and the transactions contemplated thereby does not purport to be complete and is subject to, and qualified in its entirety by, the Merger Agreement, which was filed as Exhibit 2.1 to the Company's Current Report on Form 8-K filed with the SEC on October 28, 2025, Skyworks' Registration Statement on Form S-4 filed with the SEC on May 20, 2026 and the Supplemental Indentures filed as Exhibits 4.1 and 4.2 to the Company's Current Report on Form 8-K filed with the SEC on June 12, 2026. Consummation of the Mergers is subject to required regulatory approvals, including certain antitrust and foreign investment approvals, and the satisfaction of other customary closing conditions. The Company is increasingly hopeful that the transaction will close within the calendar year, subject to satisfaction or waiver of all closing conditions, but there can be no assurances that the closing will occur on this timeline. Refer to Note 2 of the Notes to Condensed Consolidated Financial Statements for additional information regarding the transaction. FIRST QUARTER FISCAL 2027 OVERVIEW •Revenue for the first quarter of fiscal 2027 decreased 4.2% as compared to the first quarter of fiscal 2026, resulting from decreases in ACG and CSG revenue, partially offset by an increase in HPA revenue. •Gross margin increased to 51.1% for the first quarter of fiscal 2027 as compared to 40.5% for the first quarter of fiscal 2026. The increase was primarily driven by our strategy to reduce exposure to lower margin, mass-market Android smartphones within the ACG segment, as well as ongoing efforts to optimize the business mix within and across our operating segments, specifically ACG and HPA. •Operating income was $96.8 million for the first quarter of fiscal 2027 as compared to $30.1 million for the first quarter of fiscal 2026. •Net income per diluted share was $0.96 for the first quarter of fiscal 2027 as compared to net income per diluted share of $0.27 for the first quarter of fiscal 2026. •Net cash provided by operating activities was $139.5 million for the first quarter of fiscal 2027 as compared to $182.9 million for the first quarter of fiscal 2026. •Capital expenditures were $24.1 million for the first quarter of fiscal 2027 as compared to $37.5 million for the first quarter of fiscal 2026. 20 Table of Contents RESULTS OF OPERATIONS Consolidated The following tables present a summary of our results of operations (in thousands, except percentages): Three Months Ended June 27, 2026 % of Revenue June 28, 2025 % of Revenue Increase (Decrease) Percentage Change Revenue $ 784,795 100.0 % $ 818,778 100.0 % $ (33,983) (4.2) % Cost of goods sold 383,827 48.9 486,976 59.5 (103,149) (21.2) Gross profit 400,968 51.1 331,802 40.5 69,166 20.8 Research and development 172,427 22.0 179,244 21.9 (6,817) (3.8) Marketing and selling 48,792 6.2 56,891 6.9 (8,099) (14.2) General and administrative 41,337 5.3 50,998 6.2 (9,661) (18.9) Other operating expense 41,642 5.3 14,583 1.8 27,059 185.6 Operating income $ 96,770 12.3 % $ 30,086 3.7 % $ 66,684 221.6 % The decrease in consolidated revenue resulted from decreases in revenue of $94.7 million and $8.3 million in ACG and CSG, respectively, and an increase in revenue of $69.0 million in HPA, which are further discussed in our Operating Segments results below. The increase in gross margin was primarily driven by our strategy to reduce exposure to lower margin, mass-market Android smartphones within the ACG segment, as well as ongoing efforts to optimize the business mix within and across our operating segments, specifically ACG and HPA. The decreases in research and development and marketing and selling expenses were driven by lower employee-related costs, which decreased by $9.8 million and $6.2 million, respectively, primarily due to consolidation of the CSG organizational structure. The decrease in general and administrative expense was driven by a $7.6 million decrease in employee-related costs, primarily due to lower stock-based compensation expense. Other operating expense for the three months ended June 27, 2026 includes merger-related costs of $14.9 million, restructuring-related charges of $11.7 million and deferred compensation expense of $9.9 million. Other operating expense for the three months ended June 28, 2025 includes deferred compensation expense of $5.5 million and restructuring-related charges of $4.2 million. Refer to Notes 2 and 9 of the Notes to Condensed Consolidated Financial Statements for additional information on merger-related costs and restructuring-related charges, respectively. Operating Segments High Performance Analog Three Months Ended (In thousands, except percentages) June 27, 2026 June 28, 2025 Dollar Change Percentage Change Revenue $ 206,357 $ 137,395 $ 68,962 50.2 % Operating income 69,959 21,582 48,377 224.2 Operating income as a % of revenue 33.9 % 15.7 % The $69.0 million increase in HPA revenue was primarily attributable to a $57.9 million increase in revenue from our defense and aerospace, and infrastructure businesses. These revenue increases were driven by increased content and programs in defense and aerospace, the industry's ongoing transition to broadband DOCSIS (Data Over Cable Service Interface Specification) 4.0 and higher demand for our base station products. 21 Table of Contents The increase in HPA operating income was driven by the impact of higher revenue and favorable product mix. Connectivity and Sensors Group Three Months Ended (In thousands, except percentages) June 27, 2026 June 28, 2025 Dollar Change Percentage Change Revenue $ 101,869 $ 110,153 $ (8,284) (7.5) % Operating income (loss) 2,994 (7,533) 10,527 139.7 Operating income (loss) as a % of revenue 2.9 % (6.8) % The $8.3 million decrease in CSG revenue was primarily attributable to a decrease in our Wi-Fi components revenue, driven by our decision to strategically narrow our focus on a higher margin portfolio. The increase in CSG operating income was driven by a $16.7 million decrease in operating expenses, primarily due to lower employee-related costs resulting from the consolidation of the CSG organizational structure and strategic portfolio optimization. Advanced Cellular Group Three Months Ended (In thousands, except percentages) June 27, 2026 June 28, 2025 Dollar Change Percentage Change Revenue $ 476,569 $ 571,230 $ (94,661) (16.6) % Operating income 108,552 97,934 10,618 10.8 Operating income as a % of revenue 22.8 % 17.1 % The $94.7 million decrease in ACG revenue was driven by the decision to strategically reduce our exposure in mass-market Android smartphones and narrow our focus to higher value placements. The increase in ACG operating income was driven by favorable product mix, partially offset by the impact of lower revenue. Refer to Note 10 of the Notes to Condensed Consolidated Financial Statements for a reconciliation of reportable segment operating income (loss) to consolidated operating income for the three months ended June 27, 2026 and June 28, 2025. INTEREST, OTHER INCOME AND INCOME TAXES Three Months Ended (In thousands) June 27, 2026 June 28, 2025 Interest expense $ (15,852) $ (18,787) Other income, net 19,608 20,386 Income tax expense (14,724) (6,091) Interest expense During the three months ended June 27, 2026 and June 28, 2025, we recorded interest expense primarily related to our 2029 Notes and our 2031 Notes. Refer to Note 5 of the Notes to Condensed Consolidated Financial Statements for additional information. Interest expense for the three months ended June 27, 2026 and June 28, 2025 also includes financing costs related to certain inventory (subject to repurchase) in connection with a supply agreement. Other income, net During the three months ended June 27, 2026, we recorded interest income of $10.4 million and net gains of $8.9 million from our share of the profit or loss from our limited partnership investments and gains or losses from other investments. 22 Table of Contents During the three months ended June 28, 2025, we recorded interest income of $10.9 million and net gains of $8.1 million from our share of the profit or loss from our limited partnership investments and gains or losses from other investments. Income tax expense During the three months ended June 27, 2026, we recorded income tax expense of $14.7 million, comprised primarily of tax expense related to international operations generating pre-tax book income, global minimum taxes in foreign jurisdictions and the impact of Net Controlled Foreign Corporation Tested Income (formerly Global Intangible Low-Taxed Income ("GILTI")), partially offset by tax benefits related to domestic and international operations generating pre-tax book losses, domestic tax credits and discrete tax items. During the three months ended June 28, 2025, we recorded income tax expense of $6.1 million, comprised primarily of tax expense related to international operations generating pre-tax book income, global minimum taxes in foreign jurisdictions and the impact of GILTI, partially offset by tax benefits related to domestic and international operations generating pre-tax book losses and domestic tax credits. A valuation allowance remained against certain domestic and foreign net deferred tax assets as it is more likely than not that the related deferred tax assets will not be realized. LIQUIDITY AND CAPITAL RESOURCES Cash generated by operations is our primary source of liquidity. As of June 27, 2026, we had working capital of approximately $1,749.0 million, including $1,328.9 million in cash and cash equivalents, compared to working capital of approximately $1,593.6 million, including $1,219.0 million in cash and cash equivalents as of March 28, 2026. Our $1,328.9 million of total cash and cash equivalents as of June 27, 2026, includes approximately $1,133.8 million held by our foreign subsidiaries, of which $914.3 million is held by Qorvo International Pte. Ltd. in Singapore. If the undistributed earnings of our foreign subsidiaries are needed in the U.S., we may be required to pay state income and/or foreign local withholding taxes to repatriate these earnings. We may, from time to time, seek to retire or make additional optional payments on our outstanding debt obligations through repurchases or exchanges of our outstanding notes, which may be effected through privately negotiated transactions, market transactions, tender offers, redemptions or otherwise. Such tenders, exchanges, purchases, or other transactions, if any, will be upon such terms and at such prices as we may determine, and will depend on prevailing market conditions, our liquidity requirements, contractual restrictions and other factors. The amounts involved may be material. The Merger Agreement contains certain termination rights for each of Skyworks and Qorvo. Under specified circumstances, each of Qorvo and Skyworks will be required to pay the other party a termination fee of $298.7 million, as more fully described in the Merger Agreement. Alternatively, under certain specified circumstances, including termination following an injunction arising in connection with certain antitrust or foreign investment laws, or failure to receive certain required regulatory approvals of specified governmental authorities, Skyworks will be required to pay Qorvo a termination fee of $100.0 million, as more fully described in the Merger Agreement. Stock Repurchases During the three months ended June 27, 2026, we did not repurchase any shares of our common stock. As of June 27, 2026, approximately $416.2 million remains authorized for repurchases under the program. Cash Flows from Operating Activities Net cash provided by operating activities was $139.5 million for the three months ended June 27, 2026, attributable to the effects of net income adjusted for non-cash items (which includes depreciation, amortization of intangible assets, deferred income taxes, stock-based compensation expense and other non-cash items), partially offset by changes in working capital. The changes in working capital were driven by the increase in inventories, primarily resulting from the timing of customer device launches. Net cash provided by operating activities was $182.9 million for the three months ended June 28, 2025, attributable to the effects of net income adjusted for non-cash items (which includes depreciation, amortization of intangible assets, deferred 23 Table of Contents income taxes, stock-based compensation expense and other non-cash items) and changes in working capital. Cash inflows from working capital were driven by the decrease in accounts receivable. Cash Flows from Investing Activities Net cash used in investing activities was $22.8 million and $33.3 million for the three months ended June 27, 2026 and June 28, 2025, respectively, primarily consisting of capital expenditures. Cash Flows from Financing Activities Net cash used in financing activities was $6.5 million and $6.9 million for the three months ended June 27, 2026 and June 28, 2025, respectively. COMMITMENTS AND CONTINGENCIES Credit Agreement On April 23, 2024, we entered into a five-year unsecured senior credit facility pursuant to a credit agreement with Bank of America, N.A., as administrative agent, swing line lender and letter of credit issuer and a syndicate of lenders (the “Credit Agreement”), which replaced our previous credit agreement. The Credit Agreement provides for a $325.0 million senior revolving line of credit (the “Revolving Facility”). We may request at any time that the Revolving Facility be increased by up to $325.0 million, subject to securing additional funding commitments from existing or new lenders. The Revolving Facility is available to finance working capital, capital expenditures and other lawful corporate purposes. During the three months ended June 27, 2026, there were no borrowings under the Revolving Facility. The Credit Agreement contains various conditions, covenants and representations with which we must be in compliance in order to borrow funds and to avoid an event of default. As of June 27, 2026, we were in compliance with these covenants. 2029 Notes On September 30, 2019, we issued $350.0 million aggregate principal amount of our 2029 Notes. On December 20, 2019, and June 11, 2020, we issued an additional $200.0 million and $300.0 million, respectively, aggregate principal amount of our 2029 Notes. Interest on the 2029 Notes is payable on April 15 and October 15 of each year at a rate of 4.375% per annum. The 2029 Notes will mature on October 15, 2029, unless earlier redeemed in accordance with their terms. The 2029 Notes are senior unsecured obligations of the Company and are guaranteed, jointly and severally, by certain of the Company's U.S. subsidiaries (the "Guarantors"). In connection with the Exchange Offers and Consent Solicitations, the Company entered into a supplemental indenture with respect to the 2029 Notes, eliminating substantially all of the restrictive covenants, certain affirmative covenants and certain events of default. Such amendments will not become operative until the occurrence of the applicable conditions specified therein. 2031 Notes On September 29, 2020, we issued $700.0 million aggregate principal amount of our 2031 Notes. Interest on the 2031 Notes is payable on April 1 and October 1 of each year at a rate of 3.375% per annum. The 2031 Notes will mature on April 1, 2031, unless earlier redeemed in accordance with their terms. The 2031 Notes are senior unsecured obligations of the Company and are guaranteed, jointly and severally, by the Guarantors. In connection with the Exchange Offers and Consent Solicitations, the Company entered into a supplement indenture with respect to the 2031 Notes, eliminating substantially all of the restrictive covenants, certain affirmative covenants and certain events of default. Such amendments will not become operative until the occurrence of the applicable conditions specified therein. For additional information regarding our debt, refer to Note 2 and Note 5 of the Notes to Condensed Consolidated Financial Statements. Capital Commitments As of June 27, 2026, we had capital commitments of approximately $45.5 million primarily for expanding capability to develop and support new products (which includes accrued technology licenses of approximately $9.1 million), equipment and facility upgrades and cost savings initiatives. Future Sources of Funding Our future capital requirements may differ materially from those currently anticipated and will depend on many factors, including market acceptance of and demand for our products, acquisition opportunities, technological advances and our relationships with suppliers and customers. Based on current and projected levels of cash flows from operations, coupled with our existing cash and cash equivalents and availability from the Revolving Facility, we believe that we have sufficient liquidity to meet both our short-term and long-term cash requirements. However, if there is a significant 24 Table of Contents decrease in demand for our products, or if investments in our business outpace revenue growth, operating cash flows may be insufficient to meet our needs. If existing resources and cash from operations are not sufficient to meet our future requirements or if we perceive conditions to be favorable, we may seek additional debt or equity financing. Additional debt or equity financing could be dilutive to holders of our common stock. Further, we cannot be sure that additional debt or equity financing, if required, will be available on favorable terms, if at all. Legal We are involved in various legal proceedings and claims that have arisen in the ordinary course of business that have not been fully adjudicated. We accrue a liability for legal contingencies when we believe that it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated. We regularly evaluate developments in our legal matters that could affect the amount of the previously accrued liability and record adjustments as appropriate. Although it is not possible to predict with certainty the outcome of the unresolved legal matters, it is the opinion of management that these matters will not, individually or in the aggregate, have a material adverse effect on our consolidated financial position or results of operations. We believe the aggregate range of reasonably possible losses in excess of accrued liabilities, if any, associated with these unresolved legal matters is not material. Taxes We are subject to income and other taxes in the United States and in numerous foreign jurisdictions. Our domestic and foreign tax liabilities are subject to the allocation of revenue and expenses in different jurisdictions. Additionally, the amount of taxes paid is subject to our interpretation of applicable tax laws in the jurisdictions in which we operate. We are subject to audits by tax authorities. While we endeavor to comply with all applicable tax laws, there can be no assurance that a governing tax authority will not have a different interpretation of the law than we do or that we will comply in all respects with applicable tax laws, which could result in additional taxes. There can be no assurance that the outcomes from tax audits will not have an adverse effect on our results of operations in the period during which the review is conducted. SUPPLEMENTAL PARENT AND GUARANTOR FINANCIAL INFORMATION In accordance with the indentures governing the Notes, our obligations under the Notes are fully and unconditionally guaranteed on a joint and several unsecured basis by the Guarantors, which are listed on Exhibit 22 to this Quarterly Report on Form 10-Q. Each Guarantor is 100% owned, directly or indirectly, by Qorvo, Inc. (the "Parent"). A Guarantor can be released in certain customary circumstances. Our other U.S. subsidiaries and our non-U.S. subsidiaries do not guarantee the Notes (such subsidiaries are referred to as the "Non-Guarantors"). The following presents summarized financial information for the Parent and the Guarantors on a combined basis as of and for the periods indicated, after eliminating (i) intercompany transactions and balances among the Parent and the Guarantors, and (ii) equity earnings from, and investments in, any Non-Guarantor. The summarized financial information may not necessarily be indicative of the financial position and results of operations had the combined Parent and Guarantors operated independently from the Non-Guarantors. Summarized Balance Sheets(In thousands) June 27, 2026 March 28, 2026 ASSETS Current assets (1) $ 846,102 $ 862,490 Non-current assets 2,206,592 2,217,061 LIABILITIES Current liabilities $ 220,945 $ 262,368 Long-term liabilities (2) 2,622,761 2,596,461 (1) Includes net amounts due from Non-Guarantor subsidiaries of $226.4 million and $201.7 million as of June 27, 2026 and March 28, 2026, respectively. (2) Includes net amounts due to Non-Guarantor subsidiaries of $915.5 million and $895.3 million as of June 27, 2026 and March 28, 2026, respectively. 25 Table of Contents Summarized Statement of Operations Three Months Ended (In thousands) June 27, 2026 Revenue $ 248,023 Gross profit 84,464 Net loss (54,893)