Qorvo Tops Q1 Forecasts and Lifts FY27 EPS Outlook Above $7.00
QRVO sits 16% above its 52-week low of $74.92.
Summary
Fiscal Q1 2027 non-GAAP EPS jumped 78% year over year to $1.64, and the full-year non-GAAP EPS outlook was raised to above $7.00, underscoring robust margin expansion and operational discipline.
Key Events · Earnings and Guidance · QRVO
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Q1 Earnings Beat
Non-GAAP EPS came in at $1.64, up from $0.92 a year ago, on revenue of $784.8M. GAAP EPS was $0.96.
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Gross Margin Surge
Non-GAAP gross margin widened 880 basis points year over year to 52.8%, reflecting a richer business mix and lower costs.
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Raised Full-Year Guidance
Management now projects fiscal 2027 non-GAAP EPS above $7.00, an increase from the prior implied guidance, with gross margin expected to stay above 50%.
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Strong Cash Generation
Free cash flow reached $115.3M in Q1, lifting cash and equivalents to $1.33B.
Analysis · QRVO · Manufacturing
A standout fiscal Q1 saw non-GAAP EPS reach $1.64, far surpassing the prior year's $0.92, fueled by an 880-basis-point leap in gross margin to 52.8%. Management responded by raising full-year non-GAAP EPS guidance to above $7.00, signaling confidence that profitability gains will endure even as the Skyworks merger approaches. The quarter highlights the payoff from Qorvo's shift toward higher-value products and structural cost savings, while free cash flow of $115 million provides ample financial flexibility.
At the time of this filing, QRVO was trading at $86.54 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $8.1B. The 52-week trading range was $74.92 to $109.49. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.