QRVO Q1 FY2027 earnings: EPS beat by 47.7%, revenue beat by 5.6%
Qorvo, Inc. reported Q1 FY2027. EPS came in at $1.64 against a $1.11 consensus, beat by 47.7%. Revenue was $784.8M versus $743.3M expected, beat by 5.6%. Gross margin was 51.1%, up 220 bps from last quarter.
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The quarter in numbers
| Metric | Actual | Consensus | Surprise |
|---|---|---|---|
| EPS | $1.64 | $1.11 | beat by 47.7% |
| Revenue | $784.8M | $743.3M | beat by 5.6% |
| Line | This quarter | QoQ | YoY |
|---|---|---|---|
| Revenue | $784.8M | -2.9% | -4.2% |
| Gross profit | $401.0M | +1.5% | +20.8% |
| Operating income | $96.8M | +207.1% | +221.6% |
| Net income | $85.8M | +188.6% | +235.2% |
| Diluted EPS | $0.96 | +200.0% | +255.6% |
| Gross margin: 51.1%. |
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The trend
Revenue is down 4.2% from the same quarter last year. Gross margin sits at 51.1%, a new high for the period charted.
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How it stacks up
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