Key TakeawaysQorvo reported an unexpected loss and warned of a continued slowdown in business for the rest of the fiscal year.The radio frequency and power chipmaker said it was experiencing an "unfavorable mix" shifting to entry-tier Android 5G smartphones at the expense of mid-tier ones.Qorvo added that it was taking steps to address its financial issues, including factory consolidations and cost cuts. Shares of Qorvo (QRVO) plunged more than 25% Wednesday afternoon when the radio frequency and power chip ...

Qorvo stock got a lot cheaper today, but isn't yet "cheap." Smartphone chipmaker Qorvo (QRVO -27.08%) crashed 25.5% through 10:55 a.m. ET Wednesday despite beating consensus projections for sales and earnings last night. Heading into its fiscal Q2 2025 earnings report, analysts forecast Qorvo would earn $1.85 per share (pro forma) on $1.03 billion in sales. Qorvo instead reported $1.88 per share in profit and sales of $1.05 billion -- beating on both top and bottom lines. Qorvo stock by the numbers But here ...

Qorvo, Inc. (QRVO) reported relatively healthy second-quarter fiscal 2025 results, with both adjusted earnings and revenues surpassing the Zacks Consensus Estimate. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. The company reported a revenue contraction year over year due to a net sales drop in the High-Performance Analog (HPA) vertical. Despite major improvements in channel inventory, the persistence of low demand in some key end markets impacted the top-line growth. Net Income ...

Qorvo, Inc. (NASDAQ:QRVO) Q2 2025 Earnings Conference Call October 29, 2024 5:00 PM ET Company Participants Douglas DeLieto - Vice President, Investor Relations Robert Bruggeworth - President and Chief Executive Officer Grant Brown - Senior Vice President and Chief Financial Officer Dave Fullwood - Senior Vice President, Sales and Marketing Conference Call Participants Thomas O'Malley - Barclays Aman Gulani - UBS Christopher Rolland - Susquehanna Edward Snyder - Charter Equity Research Nicolas Doyle - Needh ...

Qorvo (QRVO) came out with quarterly earnings of $1.88 per share, beating the Zacks Consensus Estimate of $1.85 per share. This compares to earnings of $2.39 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 1.62%. A quarter ago, it was expected that this chipmaker would post earnings of $0.71 per share when it actually produced earnings of $0.87, delivering a surprise of 22.54%. Over the last four quarters, the company has surp ...

FOR IMMEDIATE RELEASE ® Qorvo Announces Fiscal 2025 Second Quarter Financial Results GREENSBORO, N.C. — October 29, 2024 — Qorvo (Nasdaq:QRVO), a leading global provider of connectivity and power solutions, today announced financial results for the Company's fiscal 2025 second quarter ended September 28, 2024. ® On a GAAP basis, revenue for Qorvo's fiscal 2025 second quarter was $1.047 billion, gross margin was 42.6%, operating income was $9.7 million, and loss per share was $0.18. On a non-GAAP basis, gros ...

GREENSBORO, N.C., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq:QRVO), a leading global provider of connectivity and power solutions, today announced financial results for the Company's fiscal 2025 second quarter ended September 28, 2024. On a GAAP basis, revenue for Qorvo's fiscal 2025 second quarter was $1.047 billion, gross margin was 42.6%, operating income was $9.7 million, and loss per share was $0.18. On a non-GAAP basis, gross margin was 47.0%, operating income was $212.2 million, and diluted ear ...

Qorvo, Inc. (QRVO) is set to report second-quarter fiscal 2025 results on Oct. 29, after the closing bell. In the last reported quarter, the company delivered an earnings surprise of 22.54%. It pulled off a trailing four-quarter earnings surprise of 24.93% on average.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The leading provider of radio frequency solutions is expected to have witnessed revenue decline owing to weakness in the Advance Cellular Group (ACG) and High Performance ...

GREENSBORO, N.C., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, will host a conference call to review fiscal 2025 second quarter financial results on Tuesday, October 29, 2024, 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"). A telephone playback of the conference call will be available approximately two ...

Qorvo, Inc. (QRVO, Financial) saw a notable drop in its stock price, falling by 1.99% to $99.97 per share. The trading volume reached 348,362 shares, with a turnover rate of 0.37% and a price fluctuation range of 1.27%. The recent earnings report showed Qorvo generated $887 million in revenue but had a net profit of only $414,000, leading to a zero per-share earnings and a gross profit of $332 million. The company's price-toearnings ratio is notably low at -363.18. In terms of analyst ratings, out of 28 fir ...