The reported revenue compares to the Zacks Consensus Estimate of $851.14 million, representing a surprise of +4.18%. The company delivered an EPS surprise of +22.54%, with the consensus EPS estimate being $0.71. Here is how Qorvo performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Shares of Qorvo have returned +4% over the past month versus the Zacks S&P 500 composite's +0.1% change. The stock currently has a Zacks Rank #3 (Hold), indic ...

Over the last four quarters, the company has surpassed consensus EPS estimates four times. Qorvo (QRVO) came out with quarterly earnings of $0.87 per share, beating the Zacks Consensus Estimate of $0.71 per share. This compares to earnings of $0.34 per share a year ago. These figures are adjusted for nonrecurring items. Qorvo, which belongs to the Zacks Semiconductors - Radio Frequency industry, posted revenues of $886.67 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 4. ...

We view amortization of acquisition-related intangible assets, such as the amortization of the cost associated with an acquired company's research and development efforts, trade names, and customer relationships, as items arising from pre-acquisition activities, determined at the time of an acquisition, rather than ongoing costs of operating Qorvo's business. While these intangible assets are continually evaluated for impairment, amortization of the cost of purchased intangible assets is a static expense, w ...

GREENSBORO, N.C., July 30, 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 first quarter ended June 29, 2024. Strategic Highlights Grew quarterly revenue 36% year-over-year and exceeded mid-point of revenue guidance by $37 million Transitioned Beijing and Dezhou operations to Luxshare and integrated Anokiwave into Qorvo On a GAAP basis, revenue for Qorvo's fiscal 2025 first quarter w ...

Qorvo, Inc. (QRVO) is set to report first-quarter fiscal 2025 results on Jul 30, after the closing bell. In the last reported quarter, the company delivered an earnings surprise of 14.88%. It pulled off a trailing four-quarter earnings surprise of 50.96% on average. During the quarter, Qorvo introduced a cutting-edge suite of high-power MMIC amplifiers named QPA1314, QPA0016 and QPA0015. The amplifiers are engineered to bolster the capabilities of Ku-Band Satellite communications terminals and match the inc ...

Qorvo (NASDAQ:QRVO) supplies innovative semiconductor solutions that make a better world possible. We combine product and technology leadership, systems-level expertise and global manufacturing scale to quickly solve our customers' most complex technical challenges. Qorvo serves diverse high-growth segments of large global markets, including automotive, consumer, defense & aerospace, industrial & enterprise, infrastructure and mobile. Visit www.qorvo.com to learn how our diverse and innovative team is helpi ...

GREENSBORO, N.C., July 16, 2024 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, will host a conference call to review fiscal 2025 first quarter financial results on Tuesday, July 30, 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"). Qorvo will distribute fiscal 2025 first quarter financial results at approximately 4 ...

The booming demand for AI-enabled smartphones could give this chip stock a nice shot in the arm. A closer look at the chart below indicates that Qorvo may be making a parabolic move. Let's see why that may be the case and also check why now may be a good time to buy this chip stock. Qorvo released its fiscal 2024 fourth-quarter results (for the three months ended March 30) on May 1. The company posted full-year revenue of $3.77 billion, an increase of 5.6% from the year-ago period. However, for the fourth q ...

The Ku-Band SATCOM terminals offer higher data rates and greater bandwidth, making them well-suited for military and defense applications. Qorvo's latest suite of amplifiers will significantly improve the efficiency and reliability of SATCOM terminals. The amplifiers come in different packaging sizes, such as bolt-down and surface mount configurations, supporting both traditional and advanced ground terminal installations seamlessly. The copper-based design of QPA1314 and the robust design of QPA0016 and QP ...

Qorvo (Nasdaq:QRVO) supplies innovative semiconductor solutions that make a better world possible. We combine product and technology leadership, systems-level expertise and global manufacturing scale to quickly solve our customers' most complex technical challenges. Qorvo serves diverse high-growth segments of large global markets, including automotive, consumer, defense & aerospace, industrial & enterprise, infrastructure and mobile. Visit www.qorvo.com to learn how our diverse and innovative team is helpi ...