---
title: "Qorvo grows quarterly margin, despite revenue falling by 2.9%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294478648.md"
description: "Qorvo reported Q1 FY2027 revenue of $784.8m, down 2.9% sequentially but with improved gross margin to 52.8%. Strong growth in defense and infrastructure offset declines in cellular segments. Net income was $146.6m. The company raised full-year EPS guidance above $7.00, citing a successful pivot to higher-value placements and structural profitability enhancements."
datetime: "2026-07-31T08:26:44.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294478648.md)
  - [en](https://longbridge.com/en/news/294478648.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294478648.md)
generator: "portal-rs"
---

# Qorvo grows quarterly margin, despite revenue falling by 2.9%

News: Microelectronics

Qorvo grows quarterly margin, despite revenue falling by 2.9%

For its fiscal first-quarter 2027 (ended 27 June 2026), Qorvo Inc of Greensboro, NC, USA (which provides core technologies and RF solutions for mobile, infrastructure and defense applications) has reported revenue of $784.8m, down 2.9% on last quarter’s $808.3m and 4.2% on $818.8m a year ago. 

By business segment, Qorvo’s total revenue comprised: 

-   Advanced Cellular Group (ACG) $476.6m, down 7% on last quarter’s $512.3m and 16.6% on $571.2m a year ago.
-   Connectivity & Sensors Group (CSG) $101.9m, down 7.5% on $110.2m a year ago after divesting the MEMS-based Sensing Solutions business, but up 9.2% on last quarter’s $93.3m.
-   High-Performance Analog (HPA) $206.3m, up 1.8% on last quarter’s $202.7m and 50.1% on $137.4m a year ago.

Despite the overall revenue decline, there has been double-digit year-on-year revenue growth in defense & aerospace (HPA’s largest business), infrastructure, and power. 

This is coupled with a “successful pivot in ACG to higher-value placements,” notes president & CEO Bob Bruggeworth. 

On a non-GAAP basis, gross margin has hence grown further, from 44% a year ago and 52.6% last quarter to 52.8%. 

“Qorvo is improving business mix within and across operating segments, reducing capital intensity, and structurally enhancing profitability,” says chief financial officer Grant Brown. 

Operating expenses have risen slightly from $235m last quarter to $236.6m, but this is still less than the $251.8m a year ago. 

Net income was $146.6m ($1.64 per diluted share), down from $156.8m ($1.69 per diluted share) last quarter but up on $86.5m ($0.92 per diluted share) a year ago. 

Operating cash flow was $139.5m. Capital expenditure $24.1m (reduced from $37.5m a year ago). Free cash flow was hence $115.3m. 

Cash and cash equivalents has therefore risen further, from $1165m a year ago and $1219m last quarter to $1329m. Long-term debt remains about $1549m, with no near-term maturities.

Net inventory has increased again, from $553.7m to $592.5m, although this is still less than $638m a year ago.

“We expect continued strong financial performance throughout fiscal 2027,” says Brown. For full-year fiscal 2027, Qorvo continues to expect gross margin above 50% and now expects diluted earnings per share above $7.00. 

Qorvo’s quarterly revenue grows a more-than-expected 8.4% year-on-year

Skyworks and Qorvo announce above-guidance preliminary September-quarter results

Skyworks and Qorvo to merge into $7.7bn-revenue RF, analog & mixed-signal semiconductor firm

Qorvo quarterly profits grow year-on-year as it sheds low-margin business

Qorvo

www.qorvo.com

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**