Qorvo, Inc. (QRVO) recently announced that its automotive-qualified QPF5100Q Ultra-Wideband (UWB) System-on-Chip (SoC) solution is currently being sampled at key customers. The SoC solution is designed to address the growing demand within the automotive industry for highly accurate and reliable UWB technology, particularly for applications such as secure keyless entry, Digital Key and UWB radar functionalities like child presence detection and motion sensing. Key Takeaways of QRVO’s Latest Product Line  Bui ...

GREENSBORO, N.C., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, today announced that its QPF5100Q Ultra-Wideband (UWB) System-on-Chip (SoC) is automotive-qualified and sampling with key customers. This breakthrough SoC addresses automotive industry demands for highly accurate, reliable UWB technology in applications such as secure keyless entry and Digital Key, as well as UWB radar applications like child presence detection and motion ...

This has turned out to be a forgettable year for Qorvo (QRVO 3.24%) investors as shares of the chipmaker are down 38% as of this writing, which is in stark contrast to the 23% gains clocked by the PHLX Semiconductor Sector index in 2024.Known primarily for supplying smartphone chips to the likes of Apple (AAPL 1.88%) and Samsung, shares of Qorvo plunged  following the release of the company's fiscal 2025 second-quarter results in October. Though the company's revenue and earnings were higher than Wall Stree ...

Company and Industry Overview * **Company**: Qorvo, Inc. (NASDAQ: QRVO) * **Industry**: Semiconductor and Semicap Equipment * **Event**: Barclays 22nd Annual Global Technology Conference, December 12, 2024 * **Participants**: Grant Brown (CFO), Dave Fullwood (SVP, Sales and Marketing), Philip Chesley (President, High Performance Analog & Senior VP) Key Points Business Segments and Growth * **ACG (Analog Components Group)**: * Strong position with largest customer, driving content gains over multiple years. * Shift from mid-tier 5G to entry-tier 5G in Android business, focusing on flagship and premium tiers. * Growth expected in mid-teens. * **HPA (High Performance Analog)**: * Expansion in defense and aerospace franchise, particularly in power management. * Growth expected in mid-teens. * **CSG (Custom Solutions Group)**: * Strength in Wi-Fi, investing in diversifying growth businesses like automotive solutions and SoCs for ultra-wideband and Matter. * Growth expected in mid-teens. * **Overall Strategy**: * Reinvest cash flows into attractive opportunities and focus on profitability. * Reduce capital intensity and deliver on long-term financial model. * Execute share repurchase and evaluate inorganic growth through acquisitions. Large Customer and Content Growth * Largest customer accounts for over 50% of total revenue and expected to remain at that level. * Secured sufficient wins for year-over-year content growth in 2025. * Investing to grow content further, engaging on more product programs than ever before. Financials and Margin Improvement * Gross margin headwinds in December and March quarters due to Android mix shift and utilization. * Actions taken to improve gross margin, including: * Removing variable costs. * Reducing fixed costs through capital intensity reduction and workforce reduction. * Adjusting Android roadmap to align with flagship and premium tiers. * Reducing digital transformation spend. * Divesting Silicon Carbide business. * Targeting 50% gross margin by fiscal year 2026. * Actions expected to take out over $100 million of COGS and OpEx annually. Growth Focus Areas * **HPA**: * D&A (Distributed Antenna Systems) and Power Management. * Growth driven by technology upgrades, electronic warfare, and communication and SATCOM segments. * Targeting $1 billion in D&A revenue by fiscal year 2026. * **CSG**: * Ultra-wideband, Matter over Thread, Wi-Fi 7, forward sensing, and automotive connectivity. * Multiyear drivers expected to deliver mid to high teen growth rate. Manufacturing and Security * Significant overlap in production facilities between HPA and CSG, benefiting from economies of scale. * Qorvo has assets located in the United States, providing a competitive advantage in the defense and aerospace markets. * Qorvo is a U.S. Trusted Foundry, ensuring security infrastructure and capability for sensitive information.

GREENSBORO, N.C., Dec. 05, 2024 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, today announced that Company executives are scheduled to present at the Barclays 22nd Annual Global Technology Conference on Thursday, December 12, 2024, at 12:50 p.m. Eastern Time (9:50 a.m. Pacific Time). A live webcast of the event will be available on the Company’s website at the following URL: https://ir.qorvo.com (under “Events & Presentations”). About QorvoQorvo (N ...

It has been about a month since the last earnings report for Qorvo (QRVO) . Shares have lost about 6.4% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Qorvo due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Qorvo's Q2 Earnings Surpass Estimates Despite Lower Revenu ...

The chip supplier really had a fiscal second quarter to forget.An estimates-beating quarter couldn't save Qorvo (QRVO 1.23%) from being heavily punished by the market over the past five trading days.Despite the beats, investors -- not to mention professional Qorvo watchers -- clearly didn't like what they saw with the company's fiscal second quarter of 2025 performance, and many bailed from the stock. According to data compiled by S&P Global Market Intelligence, this left it with a more-than 27% price drop ...

I’m a retired Wall Street PM specializing in TMT; my educational background is a bachelor's in Finance and Economics, and an MBA from Columbia, after which I directly began my career on Wall Street. Since kickstarting my career, I’ve spent over two decades in the market navigating the technology landscape, focusing on risk mitigation through the dot com bubble, credit default of ‘08, and, more recently, with the AI boom. In one word, what I’d like my service to revolve around is momentum. I channel years of ...

GREENSBORO, N.C., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, today announced that MediaTek has selected Qorvo as a key supplier for the inaugural wave of Wi-Fi 7 front-end modules (FEMs) on the MediaTek MT6653 Wi-Fi 7/Bluetooth® combo chip. Qorvo’s Wi-Fi 7 FEMs and the MediaTek MT6653 used in the MediaTek Dimensity 9400 platform are optimized to deliver a best-in-class end-user experience that help enable enhanced Wi-Fi 7 performan ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 28, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____to _____ Commission File Number 001-36801 Qorvo, Inc. (Exact name of registrant as specified in its charter) Delaware 46-5288992 (State or oth ...