Qorvo Inc

QRVO

Equity

ISIN US74736K1016 / Valor 25588586

NASDAQ (2024-11-22)

USD 69.25+2.03%

Qorvo Inc
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Qorvo Inc is a leading provider in the field of radio frequency (RF) solutions, catering to a diverse range of markets including mobile communications, infrastructure, the Internet of Things (IoT), defense/aerospace, and power management. The company specializes in developing and delivering advanced RF technologies that play a crucial role in enabling connectivity, protection, and power efficiency across various applications. By focusing on the core aspects of RF technology, Qorvo addresses the growing demand for high-performance, integrated solutions in the rapidly evolving tech landscape. Their product portfolio supports a wide array of applications, from enhancing mobile device connectivity to improving infrastructure and advancing capabilities in defense and aerospace sectors, as well as optimizing power management systems.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

Qorvo Inc. reported a significant increase in revenue for the fiscal 2025 first quarter, ending June 29, 2024. The company achieved a revenue of $887 million, marking a 36% year-over-year growth. This figure also exceeded the mid-point of their revenue guidance by $37 million, showcasing strong performance and market demand.

Gross Margin

For the fiscal 2025 first quarter, Qorvo Inc. reported a GAAP gross margin of 37.5%. On a non-GAAP basis, the gross margin was higher at 40.9%. These figures reflect the company's efforts in cost and productivity initiatives aimed at enhancing their gross margin structurally.

Earnings Per Share

Qorvo Inc.'s diluted earnings per share (EPS) for the fiscal 2025 first quarter were reported at $0.00 on a GAAP basis. However, on a non-GAAP basis, the diluted EPS was significantly higher at $0.87, indicating better performance when adjusted for certain expenses and charges.

Operating Income

In the fiscal 2025 first quarter, Qorvo Inc. reported an operating income of $4.6 million on a GAAP basis. On a non-GAAP basis, the operating income was substantially higher at $98.1 million, reflecting the company's effective management of operating expenses and integration of new acquisitions.

Future Outlook

Looking ahead to the September 2024 quarter, Qorvo Inc. expects sequential increases in revenue, gross margin, and EPS. The company projects quarterly revenue to be approximately $1.025 billion, with a non-GAAP gross margin between 46% and 47%, and non-GAAP diluted earnings per share between $1.75 and $1.95.

Summarized from source with an LLMView Source

Key figures

-25.8%1Y

-54.2%3Y

-31.9%5Y

Performance

49.0%1Y

42.9%3Y

45.0%5Y

Volatility