Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Research and development

Selling, general and administrative

Other operating expense

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Qorvo

Qorvo, Inc. engages in the provision of development and commercialization of technologies and products for wireless and wired connectivity. It operates through the following reportable segments: Mobile Products and Infrastructure & Defense Products. The Mobile Products segment is involved in supplying cellular, UWB, and Wi-Fi solutions for applications, including smartphones, wearables, laptops, tablets, and Internet of things. The Infrastructure & Defense Products segment is involved in supplying RF, system-on-a-chip and power management solutions for applications in wireless infrastructure, defense, Wi-Fi, smart home, automotive, and Internet of things. The firm's products include amplifiers, control products, discrete transistors, filters & duplexers, frequency converters & sources, integrated products, optical components, passives, power management products, switches, and wireless connectivity products. The company was founded on December 13, 2013, and is headquartered in Greensboro, NC.

Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q4 2022

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Earnings data Q4 2023

Earnings data Q1 2024

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Earnings data Q4 2024

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Qorvo reports Q4 revenue of $633 million, anticipates Android sales improvement

Qorvo's Q4 results reflected lower end market demand in some areas but showed progress in clearing channel inventory and increased strength in customer design activity. The company provided detailed guidance for the next quarter and discussed expectations for improvement in Android sales and customer demand.

Qorvo exceeds Q1 expectations, anticipates growth in diversified markets

Qorvo's Q1 2024 performance exceeded expectations, but challenges persist in weak 5G infrastructure demand and inventory uncertainties. The company is investing in growth-oriented initiatives and anticipates significant content gains at their largest customer. Diversification outside of the wireless market presents opportunities for future growth.

Qorvo surpasses Q3 earnings expectations amidst market challenges

Qorvo's Q3 performance exceeded expectations, driven by growth in key sectors.
Challenges include softness in consumer markets and inventory normalization efforts.
The company is focusing on managing expenses and evaluating growth opportunities.

Qorvo reports solid Q4 earnings, eyes growth in defense and 5G

Qorvo's Q4 2023 performance showed revenue of $633 million with progress in clearing channel inventory.
The company highlighted design wins, growth opportunities in defense and Wi-Fi, and stable pricing environment.
Challenges include lower end market demand, gross margin issues, and the need to reduce channel inventory.
Opportunities lie in 5G growth, content gains, and effective inventory management for future growth.

Qorvo surpasses Q1 expectations, eyes content gains for growth

Qorvo's strong Q1 performance, strategic design wins, and focus on growth-oriented initiatives position the company for future success. Challenges in inventory management are being addressed, while opportunities for content gains and expansion into new segments are on the horizon.

Qorvo surpasses Q2 expectations, eyes growth in diverse markets

Qorvo's Q2 2024 earnings call showcased strong financial performance, strategic investments, and growth opportunities across diverse markets, positioning the company for long-term success.
While challenges in meeting end demand and competitive pressures persist, Qorvo's focus on technology advancements, inventory management, and revenue growth presents avenues for sustained profitability.
The company's emphasis on operational efficiency, revenue diversification, and market expansion underscores its commitment to driving shareholder value and capitalizing on emerging opportunities.
Overall, Qorvo's performance in the quarter reflects a balanced approach to financial management, strategic growth initiatives, and market positioning, setting a positive trajectory for future success.

Qorvo exceeds Q3 revenue expectations, eyes growth in 5G market

Qorvo delivered strong financial results in Q3 2024, driven by content gains and strategic wins across key markets.
While facing challenges in managing seasonality and integration post-acquisition, the company remains focused on sustainable growth.
Opportunities lie in the growing smartphone market, strategic acquisitions, and diversification efforts for Qorvo's future success.

Qorvo exceeds Q4 earnings expectations, cautious outlook amid global uncertainties

Qorvo's Q4 2024 earnings call showcased strong financial performance, strategic highlights in High Performance Analog, and a focus on driving operational efficiency. While facing challenges from global uncertainties, the company is actively working on improving gross margins and remains cautiously optimistic about the outlook. Opportunities for growth lie in expanding gross margins, success with key customers, and full-year revenue growth across all segments.

Qorvo excels in Q1 2025, eyes growth in AI and China

Qorvo's strong Q1 performance and positive outlook for Q2 reflect its growth momentum and strategic positioning in key markets. Balancing internal manufacturing decisions and addressing market trends are crucial for sustained success and margin expansion.

Qorvo surpasses Q2 revenue expectations, eyes 50% gross margin target

Qorvo delivered strong Q2 results with revenue growth and exceeded EPS guidance. Despite challenges in the Android 5G market, the company remains focused on core strengths and strategic investments for long-term growth and profitability.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Qorvo, Inc. provides semiconductor solutions for RF and power. The firm combines product and technology leadership, systems-level expertise, and global manufacturing scale to quickly solve its customers' most complex technical challenges. Qorvo serves diverse high-growth segments of large global markets, including consumer electronics, smart home/IoT, automotive, EVs, battery-powered appliances, network infrastructure, healthcare, and aerospace/defense. It operates through the following segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG), and Advanced Cellular Group (ACG). The HPA segment supplies RF and power management solutions for infrastructure, defense and aerospace, automotive power, and other markets. The CSG segment supplies connectivity and sensor components and systems featuring multiple technologies such as UWB, Matter, Bluetooth Low Energy, Zigbee, Thread, Wi-Fi, cellular IoT and MEMS-/BAW-based sensors. The ACG segment supplies cellular RF solutions for smartphones, wearables, laptops, tablets, and various other devices. The company was formed following the merger of RF Micro Devices, founded in 2015, and TriQuint Semiconductor, incorporated in 1981. It is headquartered in Greensboro, NC.

Last week, a tech-led rally helped send the market to new record levels amid rising expectations of interest rate cuts. Hopes for a global microchip recovery were boosted when Taiwan Semiconductor Manufacturing projected sales growth in the low-to-mid 20% range.

Qorvo: Riding The Microchip Rebound (SA Quant)

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GREENSBORO, N.C., Jan. 17, 2024 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, will host a conference call to review fiscal 2024 third quarter financial results on Wednesday, January 31, 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® to Webcast Quarterly Earnings Conference Call on January 31, 2024

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Qorvo has lagged many of its peers in recent years, and has been in need of right-sizing. Toward that end, the specialty chipmaker is selling its chip test and assembly facilities in China.

Chip Manufacturers Are Expanding, but 1 Top Chip Stock Is Selling Fabs -- Is It a Top Buy for 2024?

Stocks like Qorvo, Inc. (QRVO), NVIDIA Corporation (NVDA) and Intel Corporation (INTC) are poised to benefit in 2024 as semiconductor sales gather pace.

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Through selling its Chinese manufacturing facilities to Luxshare, Qorvo (QRVO) is aiming to streamline its supply chain network.

Qorvo (QRVO) Divests China Assets to Trim Capital Intensity

Qorvo reported in-line results for September and guided flat for December, but the market reacted negatively.

Standing Tall With Qorvo

Wireless connectivity chip maker Qorvo said on Monday it has reached a definitive agreement to sell its assembly and test facilities in Beijing and Dezhou in China to contract manufacturer Luxshare Precision Industry.

Chipmaker Qorvo to sell some China facilities to Luxshare Precision Industry

GREENSBORO, N.C., Dec. 18, 2023 (GLOBE NEWSWIRE) --  Qorvo® (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, today announced that it has reached a definitive agreement with Luxshare Precision Industry Co., Ltd. (“Luxshare, 002475.SZ”), a global advanced contract manufacturer, under which Luxshare will acquire Qorvo's assembly and test facilities in Beijing and Dezhou, China.

Qorvo Forms a Strategic Partnership With Luxshare

Qorvo's performance was disappointing in the latest Q2 FY2024 TTM, with its revenues declining by 30%. We believe Qorvo faces challenges in China, where its performance has declined significantly, potentially due to the emergence of domestic Chinese RF competitors. While we expect the company to benefit from a potential market recovery from 2024 onwards, we downgrade the company from a Strong Buy rating to a Buy.

Qorvo: Rating Downgrade Due To Emerging Competition

Semiconductor stocks like Intel Corporation (INTC), NVIDIA Corporation (NVDA) and Qorvo, Inc. (QRVO) are expected to benefit from the steady surge in sales.

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November was a strong month for both Qorvo Inc (NASDAQ: QRVO) and Qualcomm Inc (NASDAQ: QCOM) but a Morgan Stanley analyst recommends owning only one of them.

Qualcomm vs Qorvo stock: Morgan Stanley analyst picks a side

Qorvo (QRVO) reported earnings 30 days ago. What's next for the stock?

Why Is Qorvo (QRVO) Up 12.9% Since Last Earnings Report?

Qorvo, Inc. (NASDAQ:QRVO ) UBS Global Technology Conference November 29, 2023 2:55 PM ET Company Participants Frank Stewart - SVP and President of Advanced Cellular Douglas DeLieto - Vice President, Investor Relations Dave Fullwood - Senior Vice President, Sales & Marketing Conference Call Participants Tim Arcuri - UBS Tim Arcuri I am Tim Arcuri. I'm a semicon analyst here at UBS.

Qorvo, Inc. (QRVO) Presents at UBS Global Technology Conference (Transcript)

With healthy fundamentals and upward estimate revisions, Qorvo (QRVO) appears to be an enticing investment option at the moment.

Here's What Makes Qorvo (QRVO) a Promising Portfolio Pick

GREENSBORO, N.C., Nov. 22, 2023 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, today announced that Company executives are scheduled to present at the UBS Global Technology Conference on Wednesday, November 29, 2023, at 2:55 p.m. Eastern Time (12:55 p.m. Mountain Time).

Qorvo® to Present at the UBS Global Technology Conference

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Qorvo's (QRVO) top line suffers from year-over-year sales drop in several business verticals. However, strength in various end markets such as defense, aerospace and automotive support the top line.

Qorvo (QRVO) Q2 Earnings Beat Estimates Despite Lower Revenues

Qorvo, Inc. (NASDAQ:QRVO ) Q2 2024 Earnings Call Transcript November 1, 2023 5:00 PM ET Company Participants Douglas DeLieto - VP of IR Bob Bruggeworth - President and CEO Grant Brown - CFO Dave Fullwood - SVP of Sales and Marketing Conference Call Participants Gary Mobley - Wells Fargo Securities Karl Ackerman - BNP Paribas Toshiya Hari - Goldman Sachs Ruben Roy - Stifel Edward Snyder - Charter Equity Research Srini Pajjuri - Raymond James Vivek Arya - Bank of America Securities Chris Caso - Wolfe Research Blayne Curtis - Barclays Operator Welcome to the Qorvo Inc. Second Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode.

News for Qorvo Stock (QRVO)