Qorvo Inc. (NASDAQ:QRVO) Conference Call Summary Industry Overview - The conference call focused on the semiconductor industry, specifically the growth drivers for Qorvo Inc. in the context of 5G, Wi-Fi technologies, and power management solutions [1][2][3]. Key Points and Arguments 1. Growth Drivers - Qorvo is optimistic about long-term growth drivers including 5G, Wi-Fi 6, 6E, and upcoming Wi-Fi 7, as well as programmable power management and ultra-wideband technologies [3][4]. - The company anticipates production of 700 million to 750 million 5G phones in the current year, representing about 50% of the smartphone market, with an increase in content per phone of $5 to $7 due to 5G integration [4][5]. 2. Wi-Fi Technology - Transition from Wi-Fi 6 to 6E is expected to be a multi-year trend, with sampling of Wi-Fi 7 already underway. However, silicon constraints have limited growth in this area [5][6]. 3. Ultra-Wideband and Infrastructure - Qorvo is expanding its ultra-wideband business, with applications in handsets, automotive, and IoT. The infrastructure market is also expected to grow, particularly in regions like the U.S., Canada, and Europe, despite slower growth in China [6][7]. 4. Defense Sector - The defense business has historically grown in double digits, supported by strong long-term contracts and technologies in GaAs and GaN [8]. 5. Market Dynamics in China - Despite concerns about the Chinese market, Qorvo remains optimistic, noting that their largest customer has performed well in China. The company is also looking forward to potential growth from the Honor brand, which is seen as a reincarnation of Huawei [18][27]. 6. Competitive Landscape - Qorvo is benefiting from competitors like Broadcom pulling back from certain markets, allowing Qorvo to capture additional market share, particularly in high-bandwidth RF and Wi-Fi products [25][26]. 7. Capital Expenditure and Pricing - Qorvo has successfully reduced capital intensity over the past five years, with expectations of maintaining mid-single digits CapEx as a percentage of sales. Pricing remains stable, with the company passing along costs to customers [48][49][51]. 8. Cash Flow Management - The company has focused on reducing capital intensity and improving profit quality, leading to an increase in free cash flow, which is expected to grow faster than revenue [59]. 9. Supply Chain Constraints - Qorvo has faced supply chain challenges, particularly in silicon availability, but feels confident about its internal capacity expansions and overall market position [63][64]. 10. Future Outlook - The company expects continued growth in its infrastructure, defense, Wi-Fi, and power management businesses, with a strong focus on automotive applications as well [39][41][42]. Additional Important Insights - The integration of United Silicon Carbide is anticipated to enhance Qorvo's power management capabilities, particularly in automotive and infrastructure sectors [44]. - The company is optimistic about the ramp-up of production in the second half of the year, driven by share gains from major customers like Samsung and the introduction of new products [54]. This summary encapsulates the key insights and strategic outlook for Qorvo Inc. as discussed during the conference call, highlighting the company's growth potential and market dynamics.

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 January 1, 2022 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 other ...

Qorvo, Inc. (NASDAQ:QRVO) Q3 2022 Earnings Conference Call February 2, 2022 5:00 PM ET Company Participants Douglas DeLieto - Vice President, Investor Relations Bob Bruggeworth - President and Chief Executive Officer Mark Murphy - Chief Financial Officer Philip Chesley - President, Infrastructure and Defense Products Group Eric Creviston - President, Mobile Products Group Conference Call Participants Toshiya Hari - Goldman Sachs Karl Ackerman - Cowen Vivek Arya - Bank of America Blayne Curtis - Barclays Gar ...

Qorvo, Inc. (NASDAQ:QRVO) Barclays 2021 Global TMT Conference Summary Industry Overview - Qorvo operates in the semiconductor industry, focusing on radio frequency (RF) solutions for various applications including smartphones, IoT, automotive, and defense [3][4][5]. Key Points and Arguments Market Position and Growth - Qorvo is a global leader in 5G technology, projecting RF content growth across smartphone OEMs for multiple years [3]. - The company is expanding its market exposure beyond smartphones to include IoT applications and ultra-low latency applications such as automotive and AR/VR [4]. - Qorvo's infrastructure segment is benefiting from early 5G deployments, with a strong portfolio of high-performance GNPAs and small signal devices [5]. Capital Allocation and Investments - Qorvo has maintained a balanced and disciplined approach to capital allocation, investing in power capabilities, advanced switches, sensors, and Ultra Wideband technology [6]. - The company expects these investments to contribute materially over time, with a focus on next-generation devices launching in 2022 [6]. Supply Chain and Market Dynamics - Qorvo anticipates supply and demand imbalances to moderate through the March quarter, with improvements expected in 2022 [6]. - The company is addressing supply chain challenges, particularly in silicon and power management components, while seeing improvements in capacity [22][23]. 5G Market Outlook - The total addressable market (TAM) for mobile RF is expected to grow significantly, with projections of over 500 million 5G units in 2022 and continued growth beyond that [25]. - Qorvo sees opportunities in the Android ecosystem as it adopts 5G technology, with significant growth expected from Samsung and Honor [25][27]. Ultra Wideband (UWB) Technology - Qorvo identifies UWB as a significant growth opportunity, with a projected TAM exceeding $1 billion by 2024 [49]. - The technology is already integrated into the iOS ecosystem and is beginning to roll out in Android devices, with applications in IoT and automotive sectors [50]. IDP Segment Growth - The Infrastructure and Defense (IDP) segment is expected to grow double digits, driven by demand for gallium nitride (GaN) modules and WiFi technology [36][38]. - Qorvo's strategy includes expanding its low-power wireless business and enhancing power management solutions through acquisitions [37][38]. Acquisitions and Future Strategy - Qorvo has made $1.6 billion in acquisitions while also repurchasing $1.6 billion in stock, maintaining a balanced capital allocation strategy [40]. - The company is focused on ensuring that acquisitions meet or exceed expectations, with several expected to contribute significantly to revenue in the coming years [41][44]. Additional Important Insights - Qorvo emphasizes the importance of long-term agreements with customers and suppliers to mitigate risks and enhance relationships [19][20]. - The company is confident in its market position, asserting that it is not losing market share despite competition from companies like Qualcomm [16][17]. - Qorvo's focus on improving filter performance and integrating advanced technologies positions it well for future growth in complex mobile applications [10][33].

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 October 2, 2021 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 other ...

Qorvo, Inc. (NASDAQ:QRVO) Q3 2021 Results Conference Call November 4, 2021 5:00 PM ET Company Participants Bob Bruggeworth – President and Chief Executive Officer Mark Murphy – Chief Financial Officer Eric Creviston – President of Qorvo's Mobile Products Group Philip Chesley – Incoming President, Qorvo's Infrastructure and Defense Products Group James Klein – Outgoing President, Qorvo's Infrastructure and Defense Products Group Douglas Delieto – Vice President, Investor Relations Conference Call Participant ...

Qorvo, Inc. (NASDAQ:QRVO) Citi 2021 Global Technology Virtual Conference September 13, 2021 9:40 AM ET Company Participants Robert Bruggeworth - CEO Mark Murphy - CFO Conference Call Participants Atif Malik - Citigroup Atif Malik Good morning, everyone. Welcome to Citi's 2021 Virtual Global Technology Conference. My name is Atif Malik. I cover U.S Semiconductors and Semiconductor Equipment Stocks here at Citi. It's my pleasure to welcome Bob Bruggeworth, CEO from Qorvo, as well as Mark Murphy, CFO. The form ...

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 July 3, 2021 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 other jur ...

Qorvo, Inc. (NASDAQ:QRVO) Q1 2022 Earnings Conference Call August 4, 2021 5:00 PM ET Company Participants Douglas DeLieto - Vice President, Investor Relations Bob Bruggeworth - President and Chief Executive Officer Mark Murphy - Chief Financial Officer Eric Creviston - President, Qorvo’s Mobile Products Group James Klein - President, Qorvo’s Infrastructure and Defense Products Group Conference Call Participants Blayne Curtis - Barclays Vivek Arya - Bank of America Karl Ackerman - Cowen and Company Gary Mobl ...

Qorvo, Inc. (NASDAQ:QRVO) Conference Call Summary Company Overview - **Company**: Qorvo, Inc. - **Industry**: Semiconductor, specifically focusing on RF solutions for mobile and infrastructure markets Key Points Financial Performance and Forecast - Qorvo reported a strong performance in the March quarter and is optimistic about the June quarter's progress [3] - The company forecasts smartphone volume growth of 5% to 10% for the year, with a doubling of 5G smartphone units to approximately 550 million [3] - The RF content in 5G smartphones is expected to increase by $5 to $7 per phone compared to 4G smartphones [3][44] Market Trends and Growth Drivers - Growth is supported by multiyear trends including global 5G network deployment, migration to WiFi 6 and 6E, increased connectivity in vehicles, and upgrades to DOCSIS 3.1 [4] - Qorvo has invested in technologies such as Ultra Livia, RF-based biotechnology testing, and MEMS-based solutions, creating diverse opportunities for growth [4] Supply Chain and Shortages - The company acknowledges ongoing supply chain challenges, particularly in silicon and capacitors, but has established long-term agreements to manage these issues [7][8] - Qorvo's internal operations team has effectively maintained customer relationships and managed supply to meet demand [10] IDP Segment Insights - The IDP segment is expected to grow at a lower end of the 10% to 15% long-term growth objective, despite some headwinds in China [12][13] - Adoption of GaN technology and massive MIMO antennas is progressing positively, although base station deployments in China are currently muted [13][16] - The defense sector remains a stable growth area for Qorvo [16] 5G Deployment and Market Dynamics - 5G deployment is ongoing in the U.S. and other regions, with Qorvo positioned to benefit from increased content gains compared to 4G [17][22] - The company estimates that 5G content gains can be 10x compared to 4G for certain deployments [22] - Qorvo's exposure to China is expected to decrease over time, with other markets growing faster [20] Competitive Landscape - The competitive environment has improved, with Qorvo expanding its portfolio and capabilities across various RF technologies [50] - The company is focused on addressing a broad range of market opportunities rather than relying on a few strategic initiatives [50] Ultra-Wideband (UWB) Technology - UWB is anticipated to become a significant part of Qorvo's business, with applications in consumer electronics and automotive sectors [51][54] - The technology is expected to gain widespread adoption similar to Bluetooth, with potential applications in IoT and smart home devices [53] Gross Margin and Operational Efficiency - Qorvo has achieved strong gross margins, exceeding competitors, due to effective portfolio management and operational productivity improvements [56] - The company is migrating to larger wafer diameters and reducing capital intensity, which is expected to sustain margin growth [56] Conclusion - Qorvo is well-positioned for growth in the semiconductor industry, particularly in the 5G and RF markets, despite current supply chain challenges and market fluctuations. The company's diverse technology portfolio and strategic investments in emerging technologies like UWB are expected to drive future growth.