Quarterly ResultJul 28, 2026, 04:05 PM
Qorvo Q1 Non-GAAP EPS $1.64, up 78%; Margin 52.8%; FY27 EPS >$7.00
AI Summary
Qorvo, Inc. announced strong financial results for its fiscal 2027 first quarter, with non-GAAP diluted earnings per share jumping 78% year-over-year to $1.64 and non-GAAP gross margin expanding 880 basis points to 52.8%. GAAP revenue for the quarter was $784.8 million. The company now expects full-year fiscal 2027 non-GAAP diluted EPS to be above $7.00. Due to a pending transaction with Skyworks, Qorvo has discontinued providing forward-looking guidance.
Key Highlights
- Q1 fiscal 2027 non-GAAP diluted EPS increased 78% year-over-year to $1.64.
- Q1 fiscal 2027 non-GAAP gross margin expanded 880 basis points year-over-year to 52.8%.
- Q1 fiscal 2027 GAAP revenue was $784.8 million, a 4.2% decrease year-over-year.
- Full-year fiscal 2027 non-GAAP diluted EPS is now expected above $7.00.
- HPA segment revenue grew 50.1% year-over-year to $206.3 million.
- Company discontinued forward-looking guidance due to pending Skyworks transaction.
Price Impact
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