Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Year over year growth in Revenue and Operating Expenses.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Qorvo

Qorvo, Inc. engages in the provision of development and commercialization of technologies and products for wireless and wired connectivity. It operates through the following reportable segments: Mobile Products and Infrastructure & Defense Products. The Mobile Products segment is involved in supplying cellular, UWB, and Wi-Fi solutions for applications, including smartphones, wearables, laptops, tablets, and Internet of things. The Infrastructure & Defense Products segment is involved in supplying RF, system-on-a-chip and power management solutions for applications in wireless infrastructure, defense, Wi-Fi, smart home, automotive, and Internet of things. The firm's products include amplifiers, control products, discrete transistors, filters & duplexers, frequency converters & sources, integrated products, optical components, passives, power management products, switches, and wireless connectivity products. The company was founded on December 13, 2013, and is headquartered in Greensboro, NC.

Earnings data Q4 2021

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Qorvo reports Q4 revenue of $633 million, anticipates Android sales improvement

Qorvo's Q4 results reflected lower end market demand in some areas but showed progress in clearing channel inventory and increased strength in customer design activity. The company provided detailed guidance for the next quarter and discussed expectations for improvement in Android sales and customer demand.

Qorvo exceeds Q1 expectations, anticipates growth in diversified markets

Qorvo's Q1 2024 performance exceeded expectations, but challenges persist in weak 5G infrastructure demand and inventory uncertainties. The company is investing in growth-oriented initiatives and anticipates significant content gains at their largest customer. Diversification outside of the wireless market presents opportunities for future growth.

Qorvo surpasses Q3 earnings expectations amidst market challenges

Qorvo's Q3 performance exceeded expectations, driven by growth in key sectors.
Challenges include softness in consumer markets and inventory normalization efforts.
The company is focusing on managing expenses and evaluating growth opportunities.

Qorvo reports solid Q4 earnings, eyes growth in defense and 5G

Qorvo's Q4 2023 performance showed revenue of $633 million with progress in clearing channel inventory.
The company highlighted design wins, growth opportunities in defense and Wi-Fi, and stable pricing environment.
Challenges include lower end market demand, gross margin issues, and the need to reduce channel inventory.
Opportunities lie in 5G growth, content gains, and effective inventory management for future growth.

Qorvo surpasses Q1 expectations, eyes content gains for growth

Qorvo's strong Q1 performance, strategic design wins, and focus on growth-oriented initiatives position the company for future success. Challenges in inventory management are being addressed, while opportunities for content gains and expansion into new segments are on the horizon.

Qorvo surpasses Q2 expectations, eyes growth in diverse markets

Qorvo's Q2 2024 earnings call showcased strong financial performance, strategic investments, and growth opportunities across diverse markets, positioning the company for long-term success.
While challenges in meeting end demand and competitive pressures persist, Qorvo's focus on technology advancements, inventory management, and revenue growth presents avenues for sustained profitability.
The company's emphasis on operational efficiency, revenue diversification, and market expansion underscores its commitment to driving shareholder value and capitalizing on emerging opportunities.
Overall, Qorvo's performance in the quarter reflects a balanced approach to financial management, strategic growth initiatives, and market positioning, setting a positive trajectory for future success.

Qorvo exceeds Q3 revenue expectations, eyes growth in 5G market

Qorvo delivered strong financial results in Q3 2024, driven by content gains and strategic wins across key markets.
While facing challenges in managing seasonality and integration post-acquisition, the company remains focused on sustainable growth.
Opportunities lie in the growing smartphone market, strategic acquisitions, and diversification efforts for Qorvo's future success.

Qorvo exceeds Q4 earnings expectations, cautious outlook amid global uncertainties

Qorvo's Q4 2024 earnings call showcased strong financial performance, strategic highlights in High Performance Analog, and a focus on driving operational efficiency. While facing challenges from global uncertainties, the company is actively working on improving gross margins and remains cautiously optimistic about the outlook. Opportunities for growth lie in expanding gross margins, success with key customers, and full-year revenue growth across all segments.

Qorvo excels in Q1 2025, eyes growth in AI and China

Qorvo's strong Q1 performance and positive outlook for Q2 reflect its growth momentum and strategic positioning in key markets. Balancing internal manufacturing decisions and addressing market trends are crucial for sustained success and margin expansion.

Qorvo surpasses Q2 revenue expectations, eyes 50% gross margin target

Qorvo delivered strong Q2 results with revenue growth and exceeded EPS guidance. Despite challenges in the Android 5G market, the company remains focused on core strengths and strategic investments for long-term growth and profitability.

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Qorvo, Inc. provides semiconductor solutions for RF and power. The firm combines product and technology leadership, systems-level expertise, and global manufacturing scale to quickly solve its customers' most complex technical challenges. Qorvo serves diverse high-growth segments of large global markets, including consumer electronics, smart home/IoT, automotive, EVs, battery-powered appliances, network infrastructure, healthcare, and aerospace/defense. It operates through the following segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG), and Advanced Cellular Group (ACG). The HPA segment supplies RF and power management solutions for infrastructure, defense and aerospace, automotive power, and other markets. The CSG segment supplies connectivity and sensor components and systems featuring multiple technologies such as UWB, Matter, Bluetooth Low Energy, Zigbee, Thread, Wi-Fi, cellular IoT and MEMS-/BAW-based sensors. The ACG segment supplies cellular RF solutions for smartphones, wearables, laptops, tablets, and various other devices. The company was formed following the merger of RF Micro Devices, founded in 2015, and TriQuint Semiconductor, incorporated in 1981. It is headquartered in Greensboro, NC.

Qorvo, Inc. (NASDAQ:QRVO ) Q2 2024 Earnings Call Transcript November 1, 2023 5:00 PM ET Company Participants Douglas DeLieto - VP of IR Bob Bruggeworth - President and CEO Grant Brown - CFO Dave Fullwood - SVP of Sales and Marketing Conference Call Participants Gary Mobley - Wells Fargo Securities Karl Ackerman - BNP Paribas Toshiya Hari - Goldman Sachs Ruben Roy - Stifel Edward Snyder - Charter Equity Research Srini Pajjuri - Raymond James Vivek Arya - Bank of America Securities Chris Caso - Wolfe Research Blayne Curtis - Barclays Operator Welcome to the Qorvo Inc. Second Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode.

Qorvo, Inc. (QRVO) Q2 2024 Earnings Call Transcript

Qorvo (QRVO) came out with quarterly earnings of $2.39 per share, beating the Zacks Consensus Estimate of $1.77 per share. This compares to earnings of $2.66 per share a year ago.

Qorvo (QRVO) Surpasses Q2 Earnings and Revenue Estimates

GREENSBORO, N.C., Nov. 01, 2023 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq:QRVO), a leading global provider of connectivity and power solutions, today announced financial results for the Company's fiscal 2024 second quarter ended September 30, 2023.

Qorvo® Announces Fiscal 2024 Second Quarter Financial Results

Qorvo (QRVO) is expected to record a top-line contraction year over year in the second quarter of fiscal 2023 due to soft demand in some end markets and business uncertainty in China.

Will Top-Line Contraction Impact Qorvo's (QRVO) Q2 Earnings?

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Qorvo (QRVO) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Qorvo (QRVO) Expected to Beat Earnings Estimates: Should You Buy?

GREENSBORO, N.C., Oct. 18, 2023 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, will host a conference call to review fiscal 2024 second quarter financial results on Wednesday, November 1, 2023, at 5:00 p.m. (ET). The conference call will be webcast live on the Company's Investor Relations website at the following URL: https://ir.qorvo.com (under “Events & Presentations”).

Qorvo® to Webcast Quarterly Earnings Conference Call on November 1, 2023

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Qorvo (QRVO) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Qorvo (QRVO) Could Beat Earnings Estimates Again

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Qorvo (QRVO) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

What Makes Qorvo (QRVO) a New Buy Stock

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Qorvo is working to diversify its product mix and increase profit margins. Progress on product diversification has been limited.

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The low power consumption feature and smaller size make Qorvo's (QRVO) QM55011 an ideal solution for a wide array of applications that require an extended battery life.

Qorvo (QRVO) Expands C-IoT Portfolio for Wider Applications

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Beware! 3 Semiconductor Stocks Waving Massive Red Flags Right Now

GREENSBORO, N.C., Sept. 19, 2023 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, today announced the latest in its growing portfolio of cellular IoT (C-IoT) transmit modules. Qorvo's new multi-band multi-mode RF front end (RFFE) module is optimized for NB-IoT1/2 and LTE Cat-M1/2 3GPP standards. Its compact 3 mm x 3 mm size, low 2.5V operation and multi-band support make it ideal for low-voltage applications such as smart meters, asset tracking and monitoring, wearables and smart infrastructure.

Qorvo® Announces Industry's Smallest Low Voltage Transmit Module for Cellular IoT

Qorvo has become another surrogate for Apple, with a significant portion of its revenue and product penetration coming from Apple products. Qorvo's September guidance showed a huge jump in revenue, indicating a major possible change in the company's position within the Apple ecosystem. The new product from Apple that Qorvo is supplying likely has a high average selling price, leading to potential major gains for Qorvo.

Qorvo, Now Potentially Another Apple Surrogate With Its Massive Win

GREENSBORO, N.C., Aug. 28, 2023 (GLOBE NEWSWIRE) -- Qorvo, Inc. (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, issued a statement today announcing the loss of board member Jeffery R. Gardner, who unexpectedly passed away on Sunday, August 27th.

Qorvo Statement on the Passing of Board Member Jeffery R. Gardner

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We're downgrading Qorvo, Inc. to a hold. The stock is up roughly 9% since our upgrade to buy, outperforming the S&P 500 by 1%, driven by the better-than-expected near-term outlook. Consistent with our investment thesis, industry inventory correction has played out, and Qorvo, Inc. expects a strong rebound for the September quarter driven primarily by content gain at Apple's upcoming iPhone.

Qorvo: Downgrading To Hold On Sluggish Near-Term Smartphone End-Market Demand

Qorvo has been hit hard by the downturn in the smartphone market, but it sees a 50% sequential improvement in revenue in the current quarter. Qorvo's bottom-line growth is expected to take off significantly thanks to a recovery in the smartphone space as well as its reliance on Apple.

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Although the revenue and EPS for Qorvo (QRVO) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Here's What Key Metrics Tell Us About Qorvo (QRVO) Q1 Earnings

Qorvo (QRVO) reports lower revenues year over year in the first quarter of fiscal 2024, due to weak demand trends stemming from macroeconomic uncertainty and inventory adjustments.

News for Qorvo Stock (QRVO)