Quarterly ResultJul 28, 2026, 04:12 PM
Qorvo Q1 Non-GAAP EPS $1.64, Revenue $784.8M; Discontinues Guidance
AI Summary
Qorvo announced strong financial results for its fiscal 2027 first quarter, with non-GAAP diluted earnings per share increasing 78% year-over-year to $1.64 and non-GAAP gross margin expanding to 52.8%. The company reported revenue of $784.8 million. Due to a pending transaction with Skyworks, Qorvo has discontinued conducting conference calls and providing forward-looking guidance, though it still expects full-year fiscal 2027 non-GAAP diluted EPS to be above $7.00.
Key Highlights
- Non-GAAP diluted EPS was $1.64, a 78% increase year-over-year.
- Revenue for Q1 fiscal 2027 was $784.8 million.
- Non-GAAP gross margin expanded 8.8 percentage points year-over-year to 52.8%.
- Discontinued conference calls and forward-looking guidance due to pending Skyworks transaction.
- Full-year fiscal 2027 non-GAAP diluted EPS is expected to be above $7.00.
- High-Performance Analog (HPA) segment revenue grew 50.1% year-over-year to $206.3 million.
- Free cash flow for the quarter was $115.3 million.
Price Impact
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