Qorvo posts Q1 FY2027: Revenue $784.8M, GAAP EPS $0.96, Non‑GAAP EPS $1.64
Qorvo reported fiscal 2027 Q1 results ended June 27, 2026. Revenue was $784.8M. GAAP diluted EPS was $0.96, while non-GAAP diluted EPS was $1.64. Non-GAAP gross margin was 52.8%. Free cash flow was $115.3M. Qorvo expects full-year non-GAAP diluted EPS above $7.00 and non-GAAP gross margin above 50%, but discontinued conference calls and GAAP forward guidance due to the pending Skyworks transaction.
How this was made
The 30-second read
Why it matters
The disclosed Q1 revenue, EPS, and non-GAAP gross margin plus the full-year non-GAAP diluted EPS expectation above $7.00 provide fresh inputs for earnings estimates. However, reduced forward visibility (no GAAP forward guidance, no conference call) may increase uncertainty around the path to the target.
Market read
A company-specific earnings and guidance update with explicit non-GAAP EPS and gross margin targets, likely driving model changes and near-term positioning.
What to watch
Non-GAAP metrics may be less comparable across quarters; traders may focus on whether the 52.8% non-GAAP gross margin and ACG mix pivot are sustainable into the rest of the 53-week fiscal year.
Background
Qorvo’s fiscal 2027 is a 53-week year, with Q2 covering 14 weeks, and it is navigating a pending transaction with Skyworks.
Ticker impact
Qorvo reported fiscal 2027 Q1 revenue of $784.8M, GAAP EPS $0.96, and guided full-year non-GAAP diluted EPS above $7.00.
Likely supports upside bias if investors view the $7.00+ non-GAAP EPS outlook as credible versus expectations.
The article provides concrete quarterly results plus a specific full-year non-GAAP diluted EPS expectation, which typically drives earnings-model revisions and sentiment.
Market effects
Semiconductor analog/mixed-signal peers may see read-across from Qorvo’s defense, infrastructure, and power end-market commentary and mix shift.
No explicit regional demand signal beyond segment commentary.
Defense and infrastructure demand framing can influence broader defense electronics sentiment, but the article is company-specific.
Counterpoint
The company discontinued conference calls and GAAP forward guidance due to the pending Skyworks transaction, which could limit visibility and cap multiple expansion despite the non-GAAP EPS target.
Key entities
- companyQorvo
Reported fiscal 2027 Q1 results and reiterated full-year non-GAAP gross margin above 50%, now expecting non-GAAP diluted EPS above $7.00.
- companySkyworks
Pending transaction referenced as the reason Qorvo discontinued conference calls and GAAP forward-looking guidance.
