Qorvo Q3 Earnings Call Highlights

CEO Bob Bruggeworth said Qorvo continues to execute restructuring actions intended to “optimize profitability and reduce capital intensity.” He highlighted progress in the company’s factory network, including the closure of its Costa Rica facility in December, which he said occurred “a few months ahead of schedule,” with production transitioned to external partners.Inventory ended the period at $530 million, which Brown said was down $75 million sequentially and down $111 million versus the end of the prior ...