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 (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 ...

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 ...

Qorvo, Inc. (QRVO) recently introduced QPG6200L, an advanced system-on-chip solution, designed to deliver uninterrupted and consistent connectivity for smart home devices. The company has made available the sample and development kits for selected clients, with full-scale production expected to commence early next year. In today's rapidly growing and ever-evolving smart home environment, customers often tend to install devices that follow distinct wireless protocols such as Matter or Zigbee. Hence, there is ...

The Zacks Semiconductors - Radio Frequency industry participants are suffering from a challenging demand environment, primarily attributed to a suspension in capital spending by telecom carriers. Industry participants are suffering from a rise in commodity prices, persistent inflation and heightened global macroeconomic uncertainties. Nevertheless, players like Skyworks (SWKS) and Qorvo (QRVO) are benefiting from continued higher spending on the deployment of 5G networking and the rapid proliferation of the ...

Qorvo, Inc. (NASDAQ:QRVO) Goldman Sachs Communacopia + Technology Conference September 10, 2024 7:25 PM ET Company Participants Grant Brown - Senior Vice President and Chief Financial Officer Philip Chesley - Senior Vice President and President of the high performance Analog business Conference Call Participants Toshiya Hari - Goldman Sachs Toshiya Hari All right, we'd like to get started. Good afternoon, everyone. Thank you so much for coming. My name is Toshiya Hari. I cover the semiconductor space at Gol ...

A jump in sales of AI-enabled smartphones could turn out to be a catalyst for this chip supplier. Artificial intelligence (AI) is having a positive impact on multiple industries across the globe, and the smartphone market is one of them. The advent of generative AI has started giving smartphone sales a nice lift following a difficult couple of years when shipments fell. The smartphone market contracted 11% in 2022, which was followed by a 3.2% decline last year. This explains why shares of Qorvo (QRVO), a n ...