Jul. 28 at 9:30 PM
$QRVO
Qorvo (QRVO) reported late Tuesday Q1 adjusted earnings of
$1.64 per diluted share, up from
$0.92 per share a year earlier.
Analyst polled by FactSet expected
$1.11.
Revenue for the quarter ended June 27 was
$784.8 million, down from
$818.8 million a year earlier.
Analysts expected
$743.3 million.
For fiscal 2027, the firm said it continues to expect non-GAAP gross margin above 50% and now expects non-GAAP diluted EPS above
$7.00. Analysts expect
$6.85.
