Semiconductor firm Qorvo beats Q1 revenue estimates

Qorvo

29/07/2025 21:10

Overview

Qorvo fiscal Q1 revenue $818.8 mln, beating analyst expectations, per LSEG data

Adjusted EPS for fiscal Q1 $0.92, exceeding consensus, per LSEG data

Company expects sequential growth with Q2 revenue guidance around $1.025 bln

Outlook

Qorvo projects Q2 revenue around $1.025 bln, +/- $50 mln

Company expects Q2 non-GAAP gross margin of 48% to 50%

Qorvo forecasts Q2 non-GAAP EPS of $2.00, +/- $0.25

Company sees sequential growth supported by large customer programs

Result Drivers

BROAD DEMAND - CFO Grant Brown attributes fiscal Q1 revenue and non-GAAP EPS exceeding guidance to broad-based demand

STRATEGIC ACTIONS - Bob Bruggeworth notes initiatives to enhance profitability are showing positive effects

MARGIN IMPROVEMENT - Non-GAAP gross margin improved year-over-year, reflecting successful cost management

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$818.80 mln
$775.60 mln (20 Analysts)
Q1 Adjusted EPS
Beat
$0.92
$0.6 (21 Analysts)
Q1 EPS
$0.27
Q1 Adjusted Gross Margin
44.0%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy", 18 "hold" and 3 "sell" or "strong sell"

The average consensus recommendation for the semiconductors peer group is "buy."

Wall Street's median 12-month price target for Qorvo Inc is $85.00, about 0.8% above its July 28 closing price of $84.32

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nGNXDgCnS

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)