Qorvo Q1 revenue and adjusted EPS beat estimates on margin gains
QRVO•Overview
- US semiconductor solutions provider's fiscal Q1 revenue beat analyst expectations
- Adjusted EPS for fiscal Q1 beat analyst expectations
- Company discontinued forward guidance due to pending Skyworks transaction
Outlook and margin guidance
- Qorvo expects fiscal 2027 non-GAAP gross margin above 50%
- Company expects fiscal 2027 non-GAAP diluted EPS above $7.00
- Qorvo has discontinued conference calls and forward-looking guidance due to pending merger
Result drivers and key details
- Segment growth - Co said double-digit year-over-year revenue growth in Defense & Aerospace, infrastructure, and power segments supported results
- Business mix - Co attributed margin and profitability gains to improved business mix within and across operating segments and reduced capital intensity
- Margin expansion - Non-GAAP gross margin expanded 880 basis points year-over-year to 52.8%, attributed to structural enhancements and business mix improvements
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q1 Revenue |
