Communications chips maker Qorvo (NASDAQ: QRVO) will be announcing earnings results tomorrow after market close. Here's what to look for.

Qorvo beat analysts' revenue expectations by 7.1% last quarter, reporting revenues of $1.07 billion, up 44.5% year on year. It was a very strong quarter for the company, with a significant improvement in its inventory levels and an impressive beat of analysts' EPS estimates.

Is Qorvo a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting Qorvo's revenue to grow 46.4% year on year to $926.4 million, a reversal from the 45.7% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.22 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Qorvo has a history of exceeding Wall Street's expectations, beating revenue estimates every single time over the past two years by 3.5% on average.

Looking at Qorvo's peers in the processors and graphics chips segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Lattice Semiconductor's revenues decreased 23.6% year on year, meeting analysts' expectations, and Intel reported revenues up 8.6%, in line with consensus estimates. Intel traded down 9.3% following the results.

Read our full analysis of Lattice Semiconductor's results here and Intel's results here.

Investors in the processors and graphics chips segment have had fairly steady hands going into earnings, with share prices down 1.1% on average over the last month. Qorvo is up 3.4% during the same time and is heading into earnings with an average analyst price target of $115.8 (compared to the current share price of $118).

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