Qorvo Q1 revenue falls 4.2% to $784.8 million; non-GAAP EPS $1.64
Qorvo reported fiscal 2027 first-quarter revenue of $784.8 million, down 4.2% from a year earlier and 2.9% from the prior quarter, while GAAP diluted EPS rose to $0.96 from $0.27 and non-GAAP diluted EPS rose to $1.64 from $0.92. The company said it expects full-year fiscal 2027 non-GAAP diluted EPS above $7.00, but it has stopped holding conference calls and giving forward-looking guidance because of its pending transaction with Skyworks.
Key points
- Revenue was $784.8 million, down from $818.8 million a year earlier and $808.3 million in the fourth quarter of fiscal 2026.
- GAAP operating income was $96.8 million and non-GAAP operating income was $177.6 million; non-GAAP gross margin was 52.8%, up 8.8 percentage points year over year.
- Management now expects full-year fiscal 2027 non-GAAP diluted EPS above $7.00 and non-GAAP gross margin above 50%.
- Fiscal 2027 is a 53-week year, and the fiscal second quarter ending October 3, 2026 will include 14 weeks.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:07 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 28, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.