Qorvo FY27 Q1 non-GAAP EPS rises 78% to $1.64; revenue falls 4.2% to $784.8 million year over year

• Qorvo posted GAAP revenue of USD 784.8 million in fiscal 2027 Q1, down 4.2% year over year.
• GAAP net income rose to USD 85.8 million; diluted EPS increased to USD 0.96, up from USD 0.27 a year earlier.
• GAAP gross margin widened 10.6 percentage points to 51.1%; operating income climbed to USD 96.8 million from USD 30.1 million a year earlier.
• Non-GAAP diluted EPS rose 78% year over year to USD 1.64; non-GAAP gross margin expanded 8.8 percentage points to 52.8%.
• Management cited double-digit year-over-year revenue growth in D&A, infrastructure, and power, alongside a pivot in ACG to higher-value placements; it also stopped guidance and calls due to the pending Skyworks deal.

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